Our UK-based subsidiary has achieved strong results for the first half of the current year.
On 6th August 2021, S&G Technology Services Ltd, part of Sirma Group, published their financial key performance indicators for the first half of 2021. They reflect a strong performance on all historical accounts, with a turnover growth of 46% and earnings up by 81% compared to H1 2019. The EBITDA margin was 20.4%.
S&G Technology Services provides technology consultancy and project delivery regarding core banking implementation, software development and system integration in the financial services domain across a wide range of specialities as Temenos Integration Framework, Temenos Interaction Framework, IRIS, TCIB, TCMB, Edgeconnect, T24, Temenos Infinity, and Temenos Transact.
Fabrice Gouttebroze, Managing Director of S&G Technology services comments: “The financial KPIs are just part of the story for S&G Technology Services. The most remarkable achievement has been to continue to grow our team with the addition of exceptional individuals throughout 2020 and 2021. A healthy balance sheet enabled us to invest in people who, in turn, consistently delivered above clients’ expectations, thus enabling us to move into an ever-stronger relationship with those clients. With this strong performance for H1, we can review our full-year objectives upwards and plan for further growth of our capabilities in 2022 in Core Banking integration, Temenos Transact and Infinity.”
“For almost a decade S&G Technology Services and Temenos have been working together in close collaboration with the purpose of adding new and innovative features to Temenos’ portfolio. We have proudly supported the delivery of more than a dozen of key product and feature rollouts Temenos has introduced in recent years. This successful and continuous relationship has enabled us to advise and engage with major banking groups and financial institutions around the world, empowering them to respond to rapid changes in the banking technology landscape and exceed customer expectations.”
