Temenos, the Swiss-based wealth management technology firm, said its adjusted earnings before interest and taxation stood at $6.3 million for the first three months of 2012, 26 per cent up from the same quarter last year.

Adjusted EBIT for the last twelve months was $89.0 million compared to $106.2 million in the prior period, a decline of 16 per cent.

Revenue for the first quarter was $100.3 million, a slight fall from $103.1 million in the same period last year (a decrease of 3 per cent). Licence revenue for the quarter was $23.5 million, down 16 per cent compared to Q1 2011.

“I am satisfied with the progress we made in Q1. We are executing well against our strategic initiatives, increasing the share of revenues coming from the fastest growing and most important markets - such as retail, private wealth management, Asia and Americas – and from our installed base. In addition, we continue to drive our services business towards profitability,” Guy Dubois, Temenos chief executive, said in a statement yesterday.

“Lastly, the effects of the restructuring actions we took at the end of 2011 are clearly visible: adjusted costs fell by 4 per cent, underpinning the margin improvement in the quarter,” he said.

Temenos reiterated its full-year outlook: for total revenues, the company said it expects a growth range of -5 per cent to +6 per cent, which implies approximately $450 million to $500 million in total revenues. The company expects to achieve adjusted EBIT margins between 19 per cent and 22 per cent, which implies a profit range of $85 million to $110 million.