Monday, March 23, 2009

Temenos Adding Software Clients, Chairman Koukis Says

Temenos Group AG, the Swiss maker of banking software whose clients include the Bank of England, says it has added new clients this quarter and expects 'signs of recovery' in the financial industry toward the year’s end, reports Bloomberg.
"The life-line of our business is new sales and that is going better than the environment would indicate," Chairman Georgios Koukis said in an interview at company headquarters in Geneva. "We’re signing deals."
The agency reported that on Jan 14 Temenos fell the most in more than six years in Zurich trading after full-year profit missed the company’s forecast. More than 10 deals slated for the final quarter were delayed as clients, reeling from the collapse of Lehman Brothers Holdings Inc., learnt of restructuring at Merrill Lynch & Co., Morgan Stanley and Goldman Sachs Group Inc.