Temenos AG raises guidance after Q3 profit beat while CEO search continues

Temenos AG, the Swiss banking-software firm, delivered adjusted core earnings of US$84.6 million in the third quarter, beating analyst expectations of about US$66.7 million. The company raised its full-year EBIT growth guidance to at least 14% (from at least 9%) and increased its expected 2025 subscription/SaaS growth rate to 15-17% (from 10-12%) while signalling its CEO search remains ongoing. The company stated its sales environment remains stable despite banking-sector stress and cost-reduction initiatives contributed to performance.