Yahoo Finance Temenos Full Year 2023 Earnings: EPS Misses Expectations
Temenos (VTX:TEMN) Full Year 2023 Results
Key Financial Results
Revenue: US$1.00b (up 5.3% from FY 2022).
Net income: US$134.7m (up 18% from FY 2022).
Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue.
EPS: US$1.87 (up from US$1.60 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Temenos EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%.
The primary driver behind last 12 months revenue was the Middle-East & Africa segment contributing a total revenue of US$202.2m (20% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$222.1m (39% of total expenses). Explore how TEMN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Europe.
Performance of the market in Switzerland.
The company's shares are up 18% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Temenos (1 can't be ignored!) that you should be aware of before investing here.
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