Overview
Well-known for its on-premise software solution for top-tier banks, Temenos (OTCPK:TMSNY)’s SaaS performance has exceeded our expectations. In Q1 2020, the segment grew by a staggering 79% YoY despite the COVID-19 disruption that has slowed down the go-to-market activities and eventually the stock’s performance. The stock is currently down 7% from the ~$145 level in October 2019 when we covered the stock the first time. However, the company’s growth story has not changed since then, as we continue to see more validations of our bull thesis. Since our first coverage, its share