TEMENOS Reports Record Q3

TEMENOS Group AG announced a record third quarter 2005 financial results. The company's EBIT was at US$ 4.6m compared to US$ 0.4m same period last year and net profit was at US$3.7m compared to US$ 0.1 same period last year.

By None

TEMENOS Group AG announced a record third quarter 2005 financial results.

The company’s EBIT was at US$ 4.6m compared to US$ 0.4m same period last year and net profit was at US$3.7m compared to US$ 0.1 same period last year.

Year on year ILF signings more than trebled to US$ 34 million and year to date ILF Signings increased 47% to USD 63 million and ahead of 2004 full year signings. HSBC has recently licensed the JAVA version of TCB for use in its global operations in 63 countries.

Andreas Andreades, chief executive, said, “This has been a very important quarter for TEMENOS, with the record level of ILF signings demonstrating our ability to capitalise on the significant market opportunities that the sector is now experiencing. Our selection by HSBC to develop its next generation of International Core Banking software was obviously a very exciting success for the Company.”

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