Temenos Jumps as Software Firm Lifts Targets and Plays Down AI Fear

Temenos shares gained after the software company lifted its mid-term guidance, pushing back on worries over the impact of artificial intelligence on the sector.

Shares were up 6.2% in Zurich on Wednesday, the most in four months, as the company gave a solid outlook for this year and raised its targets for 2028, saying it is well positioned to deliver on its strategy. Temenos provides software to banks and wealth managers, including AI-assisted products.