ACIW
ACI Worldwide Inc
ACI Worldwide Inc
$ACIW reports Consistent Q1 Results Amid Uncertain Economic Environment, Remains Optimistic About Real-Time Payments Opportunities
ACI Worldwide has reported Q1 2023 financial results consistent with expectations. Despite economic uncertainty, the company has seen growth in its Biller business segment, and is optimistic about new opportunities in real-time payments and cloud-based technologies. Q1 revenue was $293m, with adjusted EBITDA at $90m. The company's net debt leverage ratio was 2.9x, and $200m is available for share repurchases. ACI Worldwide is expected to generate annual recurring revenue from new bookings, interchange improvement program, and new customer onboarding. ACI plans to heavily impact the Q3 2023 results with larger renewal events.
4mo ago
$ACIW