Temenos lowers full-year guidance after impact of short seller report
- Swiss banking software firm Temenos lowered its guidance for 2024 on Tuesday, citing its half-year performance which was impacted by a short seller report by Hindenburg Research.
“While we did benefit from all the delayed Q1-24 deals signing in Q2-24, this was offset by the two-month delay in most sales processes due to the short seller report," CFO Takis Spiliopoulos said in a statement. Temenos now expects total software licensing growth between 3% and 6%, down from 7% to 10% in its guidance from February.Temenos also reported second-quarter results, including subscription revenue of $39.2 million, missing analysts' estimate of $45 million in a company-compiled consensus.
Jean-Pierre Brulard, whose appointment as CEO took effect in May, added that Temenos started to review its operational and financial strategy and will present a detailed investment plan at its capital markets day in November. Embattled PTI plans to widen scope of hunger strike for release of Imran Khan, other leadersCM seeks proposals to set up bone marrow transplant center
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Good investment opportunity is on the way, stars tell folksGood investment opportunity predicted by astrologers, offering new financial prospects and guidance for future investments.
مزید پڑھ »
North Korea fires two short-range ballistic missiles, one failsNorth Korea launches two short-range ballistic missiles, with one failing, raising regional security concerns.
مزید پڑھ »
India floods swamp national park, killing six rhinosAs the waters recede, the impact on wildlife from the deluge is also being seen
مزید پڑھ »
Japan issues fresh warnings after yen hits a 38-year lowFinance minister says concerned over negative impact on economy
مزید پڑھ »
Punjab govt to launch legal guidance chatbot app for citizensThe Punjab legal guidance chatbot app offers citizens AI-based legal assistance, simplifying access to legal information and suppo...
مزید پڑھ »
Supreme Court resumes hearing on SIC plea for allocation of reserved seatsCJP Isa-led full-court bench presides over hearing
مزید پڑھ »