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Temenos Appoints New CEO, Says Sales Hit by Short Seller Report [BNN Bloomberg (Canada)]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Jean-Pierre Brulard, 65, will take over on May 1, the company said in a statement on Tuesday. He spent 14 years at cloud computing company VMWare before its sale to Broadcom Inc. in 2023. Andreades will retire from Temenos after 25 years at the company. Brulard “is a proven leader of large, global, high growth organizations, has extensive operational and strategic planning expertise, and an excellent understanding of our clients' software-as-a-service transformation requirements, through working with some of the world's largest banks,” Chairman Thibault de Tersant said in the statement. Brulard will have to reassure investors after the company's shares were hit by allegations from short seller Hindenburg Research. Temenos said its software licensing revenue declined 8% in the first quarter compared to a year earlier after some customers delayed signing up following accusations about its accounting. While Temenos has said that an independent examination found the short seller's
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