Temenos AG provided earnings guidance for the next five years from 2020 to 2025. For the period, the company expects total revenue growth of 10% to 15% CAGR. It also aim to reach an EBIT margin of around 41% by 2025. The company expects 2021 to see an EBIT margin improvement of 120 basis points to 37.2%. This is driven by its growth in total software licensing, maintenance growth and the locked in savings from last year's cost actions. For the years 2022 and 2023, it forecasts a margin expansion of 70 to 100 basis points as it has all variable costs reaching pre-COVID levels. With SaaS gross margin optimized, it returns to its historic 100 to 150 basis point margin increase per annum from 2024 onwards.