Earnings release
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PRESS RELEASE FOR IMMEDIATE RELEASE October 14 , 2021 USDm , except EPS Software licensing SaaS & subscription Total software licensing GENEVA , Switzerland , October 14 , 2021 -Temenos AG ( SIX : TEMN ) , the banking software company , today reports its third quarter 2021 results . Maintenance Services Total revenues Ad hoc announcement pursuit to Article 53 of the SIX Listing Rules Temenos announces continued strong Q3-21 momentum with License growth of 20 % , SaaS revenue growth of 30 % and Bookings growth of 19 % EBIT EBIT margin ■ ■ Q3-21 63.5 31.3 94.8 98.6 38.2 231.6 ■ SaaS revenue growth of 30 % Total Bookings growth of 19 % Total Software Licensing growth of 23 % FCF growth of 19 % Re - confirmed FY - 21 guidance 86.0 37.2 % Non - IFRS Q3-20 52.6 23.9 76.5 96.6 40.4 213.5 Change 21 % 31 % 24 % 2 % -6 % 8 % 0.89 CC * 20 % 30 % 23 % 3 % -5 % 9 % 83.0 4 % 7 % 38.9 % -2 % pts -1 % pt Q3-21 63.5 31.3 94.8 TEMENOS THE BANKING SOFTWARE COMPANY 98.6 38.2 231.6 40.8 17.6 % IFRS Q3-20 Change 52.6 19.8 72.4 96.6 40.4 209.4 EPS ( USD ) 0.92 3 % 0.39 0.56 -30 % 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 55.9 26.7 % 21 % 58 % 31 % 2 % -6 % 11 % Q3 2021 highlights Continued strong momentum in the third quarter License and SaaS both performed strongly , with SaaS revenue accelerating to 30 % and licenses up 20 % Total Bookings grew 19 % in Q3-21 on the back of strong demand across client tiers US continued to be the largest contributor to total software licensing in the quarter Signings in the US included clients across both SaaS and license Sequential improvement in Europe sales , in particular for new SaaS deals Acceleration in Europe sales expected in Q4-21 across both license and SaaS Two partnerships announced with Banking - as - a - Service providers Mbang and Vodeno to enter the BaaS market -27 % -24 % -9 % pts -8 % pts CC * 20 % 56 % 30 % 3 % -5 % 11 % Deal signed with Green Dot in the US to build and power the digital bank and fintech's cloud - based processing platform Activity with Tier 1 and 2 banks is increasing , contributing 43 % of sales in the quarter