Temenos AG (OTCPK:TMSNY)

$ 70.92 -0.87 (-1.21%) Market Cap: 5.16 Bil Enterprise Value: 5.89 Bil PE Ratio: 36.00 PB Ratio: 10.02 GF Score: 81/100

Q3 2024 Temenos AG Earnings Call Transcript

Oct 23, 2024 / 04:30PM GMT

Release Date Price: $76.02 (+1.13%)

Transcript

Jean;Pierre Brulard

Temenos AG - Chief Executive Officer

Good evening. Good afternoon. Thank you all for joining us today for our Q3 2024 results call. And I would like first talk through our key ferments and operation highlights for the quarter before handing over to Takis.

So starting with the highlight of Q3, I was pleased that we saw continued engagement from customers for the quarter, cycles already normalized in Q2 and the sales environment was stable across all our origins.

We saw strong demand from our installed base in Q3 as well as signing a good number of new clients. However, we did have some sales execution issue in our Middle East Africa region which resulted in total software licensing of revenue of $96 million a bit below consensus expectations.

We have carried out a deep review of our sales pipeline and addressed the sales leadership issue with our CEO stepping in to support the Middle East African region through Q4 as we look to strengthen our sales team.

This issue was limited to the Middle East Africa region and we have already

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