earnings
confidence high
sentiment positive
materiality 0.85
ACI Worldwide Q2 revenue $373M (+16% YoY), net income $31M, raises FY guidance, $400M buyback authorized
ACI WORLDWIDE, INC.
2024-Q2 EPS reported
$0.22
revenue$689,498,000
- Revenue $373M, up 16% YoY; recurring revenue $284M (76% of total) grew 9%.
- Net income $31M vs loss of $7M in Q2 2023; adjusted EBITDA $93M, up 62%.
- Bank segment rev +22%, Merchant +4%, Biller +13%; all segments delivered EBITDA growth.
- Raised FY2024 revenue guidance to $1.557-1.591B and adjusted EBITDA to $423-438M.
- Board authorized $400M share repurchase; repurchased 1.7M shares for $57M in Q2.