Financial ResultsRSS

Temenos’ Q1 2016 software licensing revenue up 51%


Temenos has revealed IFRS (international financial reporting standards) total software licensing revenue of $38.9 million in Q1 2016; and non-IFRS total software licensing revenue of $39.2 million – up 51% from Q1 2015 on a reported basis and 53% in constant currencies. Temenos CEO David Arnott says this shows financial institutions “continue to embark on […]

TCS’s revenues and net profits increase in FY 2016

Natarajan Chandrasekaran, CEO and MD, TCS

Tata Consultancy Services’ (TCS) full year (FY) 2016 revenues and net profit rose – boosted by growth in its banking, financial services and insurance (BFSI) operations. Natarajan Chandrasekaran, CEO and MD, TCS, says its core portfolio “performed strongly in a seasonally weak 4th quarter driven by strong volumes led by growth in BFSI, retail and […]

Infosys FY 2016 revenue and profits rise

Dr. Vishal Sikka, CEO of Infosys

Financial systems vendor Infosys has revealed its revenue for the full year (FY) 2016 of $9.5 billion, an increase of 9.1% in US dollar terms; and 13.3% in constant currency terms. Q4 revenue was $2.4 billion – a rise of 1.6% quarter on quarter in US dollar terms, or 1.9% in constant currency terms. For […]

Temenos software licensing grows by 45% in 2015


Temenos has reported a total software licensing growth of 45% for 2015 on the back of new deals and acquisitions. In its 152-page “Annual Report and Accounts 2015”, the Swiss software vendor also revealed a rise in non-IFRS (International Financial Reporting Standards) revenue of 19.2% – moving from $468.7 million in 2014 to $559 million. […]

Banks back Temenos’ refinancing with new $500m facility

Max Chuard, CFO and COO of Temenos

Temenos is refinancing its existing banking facilities to the tune of a $500 million new facility. The Swiss software vendor says it has “taken advantage of current market conditions to lock in low-cost long term financing” through a new $500 million banking facility, consisting of a five-year revolving credit facility which expires in 2021. The […]

Ingenico Group’s FY 2015 revenue up by 14%

Philippe Lazare, chairman and CEO of Ingenico Group

Payments provider Ingenico Group has reported a revenue of €2.197 billion in its full year (FY) 2015 results – a rise of 14% on a comparable basis. For the period ended 31 December 2015, it says revenue was also up 37% on a reported basis, and adds that the US is now its number one […]

Commerzbank reports digital growth as profits boom

Stephan Engels, chief financial officer at Commerzbank

Commerzbank has reported a quadrupling of profits on the back of digital growth, as European banks are balancing their investment in digital services with cost cutting initiatives. Stephan Engels, chief financial officer at Commerzbank, said that adoption of digital technology is proving invaluable in an earnings call with analysts on 12 February. He observed, “Due to […]