Temenos AG (0QOA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thanks for joining us for our Q4 and full year 25 results call. Before I hand over to Takis, I'd just like to flag that we're hosting our Capital Markets Day tomorrow in London and virtually. You can still register on our website to attend if you've not done so already. We'll be taking questions, as usual, at the end of this call related to the fourth quarter and fiscal year 2025, as well as our outlook for 2026. I'd ask if you could please kindly keep your questions related to strategy for the CMD tomorrow, where we'll also be talking much more extensively about our approach to AI. With that, I'll hand over to Takis. Thank you, Adam. Good afternoon, good evening. I will talk you through our key performance and operational highlights for the quarter before updating you on our operational and financial performance. As Adam mentioned, we will go into more depth on our strategic execution and roadmap tomorrow at our Capital Markets Day, also covering AI, where we feel very well positioned with a strong vote for Temenos, giving us a structural competitive advantage. Starting on slide six, we achieved all our 2025 guidance metrics and delivered product revenue constant currency growth of 11% in the first year of our strategic plan, which is above the market growth of 7%. The sales environment remained stable throughout the quarter, and we saw strong demand across regions and client tiers, including several wins with Tier 1 banks globally. We also continued to see strong signings for premium maintenance, and this drove very strong maintenance growth in the quarter and full year. We invested across the business in both sales and product in line with our strategic roadmap, in particular, growing our sales quarter carrier headcount by 60% to over 140 by year end. And we execu...