Temenos reports first quarter core earnings slightly above consensus, announces share buyback

(Reuters) -Banking software company Temenos said on Tuesday that it achieved proforma core earnings of $69.5 million in its first quarter excluding its Multifonds business which is being sold, slightly above analysts' consensus.

Analysts had predicted $67.4 dollars excluding Multifonds in first quarter earnings before interest and taxes (EBIT) in a company-provided poll.

The company also announced a share buyback of up to 250 million Swiss francs ($307.39 million), to start on April 28, 2025.

($1 = 0.8133 Swiss francs)

(Reporting by Marleen Kaesebier in GdanskEditing by Tomasz Janowski)