Financial Results

Fidessa revenue and profit rise

Trading platform provider Fidessa has reported an increase in profit and revenue in the first half of 2016. For the period ended 30 June 2016, revenue rose by 9% to £158.3 million. Profits were even better. Operating profit was £22.0 million, compared to £19.2 million in 2015. Pre-tax profit was also up – with a […]

FICO quarterly income and revenue up

FICO, an analytics and decision management software provider, has reported a rise in revenue and income for its third fiscal quarter. For the period ended 30 June 2016, net income totalled $35.0 million, or $1.08 per share, versus $19.9 million, or $0.62 per share, reported in the prior year period. Non-GAAP net income for the […]

ICAP profit and revenue fall, plans name change to NEX

ICAP, a UK-based financial services firm, has revealed profit and revenue loss for the year ended 31 March 2016; and a new name following the sale of its global hybrid voice broking and information business. Revenue, trading operating profit, trading profit before tax and profit before tax were all down for year ended 31 March […]

Shares fall as Lending Club chairman and CEO resigns

Lending Club’s chairman and CEO Renaud Laplanche has resigned following an internal review of sales of $22 million in near-prime loans to a single investor, in contravention of the investor’s express instructions. Shares in the US-based company fell by more than 20% today (9 May) as a result of the shock departure. Scott Sanborn will […]

MasterCard net income falls but revenue rises in Q1 2016

MasterCard’s net income in the first quarter of 2016 was $959 million, a decrease of 6%, or 2% on a currency-neutral basis. On top of this, its earnings per diluted share of $0.86 was down 3%, or up 1% on a currency-neutral basis, versus the year-ago period. The company says this was “as expected” and […]

Avaloq turnover in 2015 reaches “record” $520m

Banking software vendor Avaloq has reported a “record” financial year in 2015 with a turnover of almost CHF 500 million ($518 million). The Swiss vendor says it has won 11 new customers, and is now working with 450 banks and wealth managers worldwide. New customers include China CITIC Bank International; Crestone, the former wealth management […]

Temenos’ Q1 2016 software licensing revenue up 51%

Temenos has revealed IFRS (international financial reporting standards) total software licensing revenue of $38.9 million in Q1 2016; and non-IFRS total software licensing revenue of $39.2 million – up 51% from Q1 2015 on a reported basis and 53% in constant currencies. Temenos CEO David Arnott says this shows financial institutions “continue to embark on […]

Temenos software licensing grows by 45% in 2015

Temenos has reported a total software licensing growth of 45% for 2015 on the back of new deals and acquisitions. In its 152-page “Annual Report and Accounts 2015”, the Swiss software vendor also revealed a rise in non-IFRS (International Financial Reporting Standards) revenue of 19.2% – moving from $468.7 million in 2014 to $559 million. […]

Banks back Temenos’ refinancing with new $500m facility

Temenos is refinancing its existing banking facilities to the tune of a $500 million new facility. The Swiss software vendor says it has “taken advantage of current market conditions to lock in low-cost long term financing” through a new $500 million banking facility, consisting of a five-year revolving credit facility which expires in 2021. The […]

Ingenico Group’s FY 2015 revenue up by 14%

Payments provider Ingenico Group has reported a revenue of €2.197 billion in its full year (FY) 2015 results – a rise of 14% on a comparable basis. For the period ended 31 December 2015, it says revenue was also up 37% on a reported basis, and adds that the US is now its number one […]

Commerzbank reports digital growth as profits boom

Commerzbank has reported a quadrupling of profits on the back of digital growth, as European banks are balancing their investment in digital services with cost cutting initiatives. Stephan Engels, chief financial officer at Commerzbank, said that adoption of digital technology is proving invaluable in an earnings call with analysts on 12 February. He observed, “Due to […]