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Q2 2023 Temenos AG Earnings Call Transcript
Ladies and gentlemen, welcome to the Temenos Q2 2023 Results Conference Call and Live Webcast. I am Moira, the Chorus Call operator. (Operator Instructions) The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Andreas Andreades, CEO. Please go ahead, sir.
Thank you, operator. Good afternoon, and welcome to our Q2 results call. I will first talk through our performance, the market environment and some of the highlights from the quarter before handing over to Takis to run through the financials. As in previous quarters, I will not be going slide by slide, but will instead focus my commentary on a few key areas.
Now in terms of performance, we continued the momentum from Q1 to deliver a strong second quarter. I was particularly pleased with our ARR which, as you know, is our key performance metric as we transition the business to a recurring revenue model. ARR grew 14% in Q2 and has now grown 14% for the first half as well, setting us up well for the
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