Temenos Books Lower Q2 Profit, Revenue

11:32 PM EDT, 07/22/2026 (MT Newswires) -- Temenos (TEMN.SW) said Wednesday its profit and total revenue for the second quarter fell year over year. Profit for the three months ended June 30 was $67.2 million, compared with $164.7 million a year ago. EPS moved to $1.00 from $2.32. The banking software and technology company's total revenue was $281.5 million, compared with $285.5 million earlier. The company affirmed its guidance of a 12% increase in annual recurring revenue at constant currency and a 7% growth in reported EPS for full-year 2026. It also continues to expect annual recurring revenue of at least $1.23 billion in 2028.