Temenos Cuts FY ARR Guidance, Now Expects ARR Growth Of 11-12%
Oct 23 (Reuters) -TEMENOS AG TEMN.S:
Q3-24 ARR OF USD 761M, UP 9% Y-O-Y C.C.
Q3-24 NON-IFRS EBIT UP 19% Y-O-Y C.C., WITH 4% POINTS MARGIN EXPANSION
Q4-24 GUIDANCE (NON-IFRS, CONSTANT CURRENCY); TOTAL SOFTWARE LICENSING GROWTH OF ABOUT 5%
Q3-24 NON-IFRS EPS OF USD 0.76 UP 25%
SLIGHTLY REVISED FY-24 GUIDANCE (NON-IFRS, CONSTANT CURRENCY); ARR GROWTH OF 11-12% (PREVIOUSLY ABOUT 13%)
FREE CASH FLOW DOWN 21%; Q3-24 FREE CASH FLOW GREW 26% EXCLUDING PAYMENTS RELATED TO INDEPENDENT INVESTIGATION AND IS EXPECTED TO GROW AT LEAST 12% FOR FULL YEAR
OUTLOOK 2024 TOTAL SOFTWARE LICENSING FLATTISH TO FY-23 (PREVIOUSLY 3-6%)
OUTLOOK 2024 EBIT GROWTH OF 7-9% (NO CHANGE)
OUTLOOK 2024 FREE CASH FLOW GROWTH OF AT LEAST 12% (PREVIOUSLY AT LEAST 16%)
OUTLOOK 2024 EPS GROWTH OF 6-8% (NO CHANGE)
NON-IFRS TOTAL REVENUE GROWTH OF 4% IN Q3-24 C.C.
Q3 IFRS AND NON-IFRS REVENUE WAS USD 246.9M FOR QUARTER
Further company coverage: TEMN.S
(Gdansk Newsroom)
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