Temenos Group AG: AI Integrations Impress the Banking World - Turning Point After Forecast Upgrade!
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The Temenos Group AG is an internationally operating Swiss software company specializing in banking software. On July 22, the company presented its report for the second quarter and an optimistic outlook with an upgraded forecast after market hours. The company achieved significant growth in key areas. Annual recurring revenue (ARR) rose by 11% compared to the previous year to $791 million. Notably, the Non-IFRS subscription and SaaS revenues increased by 24% in the second quarter and 12% in the first half of the year. Non-IFRS EBIT grew by 28%...
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