Finance
Temenos raises guidance after Q3 profit beat, CEO search continues
Published by Global Banking & Finance Review®
Posted on October 28, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 28, 2025
2 min readLast updated: January 21, 2026
Temenos raised its 2025 earnings forecast after a strong Q3 performance, exceeding market expectations. The search for a new CEO continues.
(Reuters) -Banking software company Temenos raised its 2025 outlook on Tuesday and reported third quarter earnings which were ahead of market expectations while stating its search for a new chief executive continues.
In early September Temenos parted ways with CEO Jean-Pierre Brulard, who had been in the position for only 16 months. The company appointed finance chief Takis Spiliopoulos to the role on an interim basis. Temenos shares fell 15% following news of Brulard's departure.
"We are making good progress and are actively considering a number of internal and external candidates," Chairman Thibault de Tersant said in a statement.
Adjusted core earnings of $84.6 million in the third quarter came in above the $66.7 million analysts had predicted in a company-provided poll.
TEMENOS SAYS SALES ENVIRONMENT REMAINS STABLE
The software firm said in a statement that its sales environment remained stable this quarter with no disruptions from US bank credit concerns.
Profit growth was also driven by cost cutting, it added.
Temenos now expects full-year adjusted earnings before interest and taxes (EBIT) growth of at least 14% at constant currency from at least 9% before.
The Swiss firm slightly raised guidance for its subscription and SaaS (Software as a Service) metric as well as its EPS, expecting 15-17% growth in 2025, from 10-12% before, and confirmed its 2028 targets.
(Reporting by Marleen Kaesebier in Gdansk; editing by Matt Scuffham)
Adjusted core earnings refer to a company's earnings that have been modified to exclude certain items, providing a clearer picture of operational performance.
EBIT stands for Earnings Before Interest and Taxes, a measure of a firm's profitability that excludes interest and income tax expenses.
SaaS, or Software as a Service, is a software distribution model in which applications are hosted by a service provider and made available to customers over the internet.
A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.
A subscription metric measures the performance and growth of a company's subscription-based services, often reflecting customer retention and revenue generation.
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