Q3 2020 Temenos AG Earnings Call Transcript
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.
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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