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Temenos Software Licensing Grows by 45% in 2015

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Temenos has reported a total software licensing growth of 45% for 2015 on the back of new deals and acquisitions.

In its 152-page “Annual Report and Accounts 2015”, the Swiss software vendor also revealed a rise in non-IFRS (International Financial Reporting Standards) revenue of 19.2% – moving from $468.7 million in 2014 to $559 million.

Andreas Andreades, executive chairman, Temenos, says 2015 was a “record year” in terms of revenues, cash flows and profitability.

He adds: “In North America we started making inroads by beginning to work with some of the largest banks on their progressive renovation efforts.”Banking Technology understands that these include Ally Financial and Comerica.

SOURCE: bankingtech.com