Temenos Shares Jump As Investors Greet 'More Realistic' Targets.

Temenos AG shares rose after the company adjusted its mid-term targets to 2028, which investors viewed as more realistic. The new CEO, Jean-Pierre Brulard, emphasized a growth strategy focused on the US market and expects double-digit growth in the public cloud and subscription-as-a-service segments. Despite facing challenges, including short-seller allegations, Temenos aims to outperform market growth and maintain annual recurring revenue above $1.3 billion. The company's restructuring efforts, including layoffs, are part of a plan to streamline operations and improve performance. [Extracted from the article]