ACI Worldwide Q1 2024 revenue up 9% to $316M; net loss narrows to $8M; raises full-year guidance

ACI WORLDWIDE, INC.

2024-Q1 EPS reported -$0.07 revenue$316,019,000

Revenue of $316M (+9% YoY); net loss improved to $8M vs loss of $32M in Q1 2023.
Adjusted EBITDA $48M, up 93% YoY; cash from operations $123M, up 208% YoY.
Bank segment revenue +20%; Fraud Mgmt and Real-Time Payments each grew >20%.
Raised 2024 revenue guidance top end to $1.581B; adjusted EBITDA top end to $433M.
Repurchased 2M shares for $63M in Q1; additional 1M shares repurchased in early Q2.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACI WORLDWIDE, INC. reported the quarter ended March 31, 2024 results: revenue $316 million, net income net loss was $8 million. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $316 million
Net income: net loss was $8 million
Guidance: raised
Result: reported results

Exact text from the filing

on the execution of our strategy, and we are confident in our ability to capitalize on the significant opportunities in front of us." FINANCIAL SUMMARY In Q1 2024, revenue was $316 million, up 9% from Q1 2023. Recurring revenue of $264 million represented 83% of total revenue in the quarter. Net loss was $8 million versus $32 million in Q1 2023. Adjusted EBITDA in

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Source: SEC EDGAR

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