Temenos AG (OTCPK:TMNSF)

$ 68.365 4.375 (6.84%) Market Cap: 5.00 Bil Enterprise Value: 5.57 Bil PE Ratio: 36.81 PB Ratio: 6.78 GF Score: 77/100

Q3 2020 Temenos AG Earnings Call Transcript

Oct 15, 2020 / 04:30PM GMT

Release Date Price: $130

Transcript

Operator

Ladies and gentlemen, welcome to the Temenos Q3 2020 Results Conference Call and Live Webcast. I am Sandra, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. The presentation will be followed by a Q&A session. (Operator Instructions)

At this time, it's my pleasure to hand over to Max Chuard, CEO. Please go ahead, sir.

Max Chuard

Temenos AG - CEO & Member of the Executive Committee

Thank you. Good afternoon, and thank you for joining today's call. I hope you've been able to access our results presentation on our website. I'd like to start with a brief reflection on our progress in Q3. And we've reached a turning point with good underlying sequential growth in licenses from Q2, which clearly shows that Q2 was a trough. And I think this is very important, and the return to profit as well on growth.

We've learned from all the crisis, that it's only a matter of time before banks refocus on the IT renovation program. The structural pressures banks are facing are too strong to be ignored or dismissed.

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