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Temenos Software Licensing Grows by 45% in 2015


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.