Q3 2022 Temenos AG Earnings Call Transcript
Ladies and gentlemen, welcome to the Temenos Q3 2022 Results Conference Call and Live Webcast. I'm Moira, the Chorus Call operator. (Operator Instructions) And the conference has been recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Max Chuard, CEO. Please go ahead, sir.
Thank you, operator. Good afternoon. Thank you for joining today's call to run through our Q3 results. As always, the results presentation is available on our website. I will start with some introductory remarks and an overview of our business performance, and then Takis will run through the financials.
Starting with Slide 7. I'm clearly disappointed with our performance this quarter, in particular, around subscription license revenue. There were 2 main factors driving lower revenue in Q3. Firstly, our sales cycles are lengthening due to the current macro environment. Some banks are taking longer to assess investments and make buying decisions. And
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