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KBC is collaborating with Temenos on a comprehensive technology renovation project aimed at enhancing its digital services. This initiative focuses on improving user experience and personalizing features while ensuring effective service delivery across various platforms.
The Swiss stock market maintained its upward momentum at midday, with the SMI up 0.44% as concerns over the US-China trade conflict lingered. UBS led gains at +1.9%, while Temenos rose 1.4% after selling its fund management unit. However, Leonteq faced an 8.4% drop following regulatory sanctions.
Swiss companies exhibit a more pessimistic outlook compared to global counterparts, with only 50% expressing optimism for the next year, and just 36% planning to increase investments. However, over 40% anticipate workforce growth, and nearly two-thirds see significant potential in artificial intelligence to boost productivity across sectors.
Temenos reported a 7% revenue increase to $318.9 million in Q4, with adjusted operating profit rising 18% to $120 million, boosting the operating margin to 37.6%. For the full year, revenue reached $1.04 billion, up 4%, while recurring revenue grew by 10% to $804.2 million, signaling a recovery in trust and sustainable growth after recent challenges.
Temenos reported a fourth-quarter turnover of $318.9 million, a 7% increase year-over-year, with adjusted operating profit rising 18% to $120 million. The CEO attributed this success to a stable sales environment and the effective implementation of a new strategy, which has also led to a 10% rise in recurring turnover for the year. Full annual results will be disclosed on February 18.
Jean-Pierre Brulard, the new CEO of Temenos, is implementing a long-term strategic plan to restore trust among investors and customers following allegations of revenue manipulation. He emphasizes a cultural shift, increased investment in products, and a streamlined portfolio, aiming for growth that outpaces the overall market. Despite current challenges in the SaaS sector, Brulard believes the company's stock is undervalued and is committed to a five-year plan to achieve key milestones.
Jean-Pierre Brulard, the new CEO of Temenos, aims to restore trust among investors and customers following allegations of sales figure manipulation. He emphasizes a strategic realignment focused on culture, leadership, and product investment, believing the company's shares are undervalued despite a challenging SaaS market. A $100 million investment plan, primarily funded through cost savings, is set to drive growth beyond the market's 7% annual increase.
The latest rich list reveals the Safra family maintaining their position with assets of 22.5 billion francs, while the Hinduja family saw a rise to 10.5 billion francs amid legal troubles. Martin Ebner's wealth increased to 3.8 billion francs despite losses from Temenos, and the de Piciotto family is valued at 2.3 billion francs. Bank managers like Sergio Ermotti and Boris Collardi are estimated at around 175 million francs, with Ermotti benefiting from a substantial salary and share value at UBS.
The latest rich list reveals the Safra family maintaining a stable fourth place in Switzerland with assets of CHF 22.5 billion, while the Hinduja family's wealth rose to CHF 10.5 billion amid legal troubles. Martin Ebner's assets increased to CHF 3.8 billion, bolstered by his stake in Temenos, despite a share price decline. The UBP founding family is valued at CHF 2.3 billion, with notable bank managers like Sergio Ermotti and Colm Kelleher estimated around CHF 175 million.
Temenos AG has postponed its mid-term targets to 2028 as new CEO Jean-Pierre Brulard aims to address recent short-seller allegations. The Swiss banking software firm plans to exceed the market growth rate of approximately 7% from 2024 to 2028, with expectations for double-digit growth in public cloud and subscription-as-a-service segments.
Temenos AG
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kbc partners with temenos for comprehensive technology renovation project
05:38 27.03.2025
Swiss stock market maintains upward trend amid trade war concerns
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Temenos AG
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Compagnie Financière Tradition SA
CHE
GBR
DEU
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11:41 06.02.2025
Swiss companies show cautious optimism and investment plans amid global trends
Swiss Franc
Japanese Yen
Chinese Yuan
Euro
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Temenos AG
Murano Global Investments Plc
CHE
USA
Donald Trump
Benjamin Cavalli
10:55 06.02.2025
temenos reports revenue and profit growth amid strategic transformation efforts
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temenos reports strong fourth quarter growth and improved operating profit
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temenos ceo outlines strategy to regain trust and drive growth
14:14 09.12.2024
Temenos CEO outlines strategy to restore trust and drive growth
14:14 09.12.2024
banking families and managers see varied fortunes in latest wealth rankings
Swiss Franc
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Bank J. Safra Sarasin AG
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CHE
IND
LIE
Hans-Adam II, Prince of Liechtenstein
Prakash Hinduja
Martin Ebner
Eric Syz
Sergio Ermotti
Boris Collardi
Colm Kelleher
Oswald Grübel
Walter Kielholz
Josef Ackermann
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10:18 29.11.2024
wealth rankings of banking families and managers in switzerland
Swiss Franc
Bank J. Safra Sarasin AG
UBS
Temenos AG
EFG International AG
Credit Suisse High Yield Bond Fund, Inc.
CHE
IND
LIE
Boris Collardi
Josef Ackermann
Colm Kelleher
Walter Kielholz
Oswald Grübel
Sergio Ermotti
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10:18 29.11.2024
temenos postpones mid-term targets to 2028 under new ceo strategy
07:55 12.11.2024
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