Temenos : Midterm financial targets significantly cut but still above expectations. Short term investments announced
>New market growth outlook of c.7% by 2028 (vs 10% prev) and new midterm financial targets - Temenos this morning released a new market growth outlook and new mid-term financial targets above expectations. The group now sees market growth with a 2024-2028 CAGR of c.7%, 1pct point above our expectations (at 6%) but 3pct point below the previous outlook of 10%. This trend will be driven by double-digit growth in Public Cloud and SaaS, implying low growth in the On-premi...Temenos is engaged in the development, marketing and sale of banking software systems. Co. is also involved in supporting the implementation of the systems at various client locations around the world as well as in offering help desk support services to existing users of TEMENOS software systems. Co.'s client base consists of banking and other financial services institutions. Co.'s segments include: Product, which is engaged in marketing, licensing and maintaining Co.'s software solutions, including software development fees for requested functionality, as well as providing hosting arrangements; and Services, which represents various implementation services such as consulting and training.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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