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PRESS RELEASE FOR IMMEDIATE RELEASE April 20 , 2021 USDm , except EPS Software licensing SaaS & subscription Total software licensing Maintenance Services Total revenues EBIT EBIT margin Temenos announces a strong start to the year with Q1-21 Total Bookings up 105 % giving confidence in delivering FY - 21 GENEVA , Switzerland , April 20 , 2021 -Temenos AG ( SIX : TEMN ) , the banking software company , today reports its first quarter 2021 results . Q1 2021 highlights ■ ● ■ Q1-21 43.6 28.2 71.8 97.2 40.4 209.4 Total Bookings growth of 105 % SaaS ACV growth of 130 % Total Software Licensing growth of 26 % EBIT growth of 31 % FCF growth of 28 % 56.9 27.2 % Non - IFRS Q1-20 Change CC * 33.6 30 % 28 % 22.7 25 % 22 % 56.2 28 % 94.1 3 % 43.3 -7 % 193.7 44.4 22.9 % 0.45 8 % 26 % 3 % Strong operating and free cash flow generation 10 new client wins in Q1-21 -9 % 7 % 28 % 31 % 4 % pts 5 % pts Q1-21 43.6 28.2 71.8 97.2 40.4 209.4 32.1 15.3 % TEMENOS THE BANKING SOFTWARE COMPANY EPS ( USD ) 0.58 29 % 0.04 625 % The definition of non - IFRS adjustments is below and a full reconciliation of IFRS to non - IFRS results can be found in Appendix II . * Constant currency ( c.c. ) adjusts prior year for movements in currencies 0.29 IFRS Q1-20 Change 33.6 18.4 52.0 94.1 43.3 189.4 28 implementation go - lives in the quarter Pipeline continued to build through Q1-21 , giving confidence in outlook for 2021 10.8 5.7 % 30 % 53 % 38 % 3 % -7 % 11 % CC * 28 % 49 % 36 % 3 % -9 % 9 % 197 % 228 % 10 % pts 10 % pts Strong start to the year across all KPIs Very strong growth in SaaS and licenses driving total software licensing growth Outstanding growth in Total Bookings , up 105 % , driven by demand from new and existing customers and an increase in average tenure Strong sales momentum driving significant growth in backlog and increasing long term visibility US the largest contributor to total software licensing , in particular driven by growth in SaaS Strong performance also in Europe as the region continued to recover and see increased demand Continued investment in R & D and Sales