Temenos 4Q Total Revenue Reaches $298M

Temenos Reports Increase in Revenue and Earnings Amidst Short-Seller Controversy

Banking-software developer Temenos has reported a positive fourth-quarter performance, despite recent allegations questioning the company’s earnings and accounting practices. The company announced non-IFRS total revenue of $298 million for the last quarter of 2023, representing a 6% increase in constant currency compared to the same period the previous year. Furthermore, annual recurring revenue experienced a significant 16% jump, reaching $730 million.