Financial Performance - Total revenue for the three months ended June 30, 2024, increased by $50.2 million, or 16%, compared to the same period in 2023[120]. - Total revenue for the six months ended June 30, 2024, increased by $76.5 million, or 12%, compared to the same period in 2023[145]. - Total revenue for the three months ended June 30, 2024, was $373.5 million, a 15.6% increase from $323.3 million in the same period of 2023[163]. - Adjusted for foreign currency impact, total revenue for the six months ended June 30, 2024, increased by $77.0 million, or 13%, compared to the same period in 2023[145]. - Net income for the six months ended June 30, 2024, was $23.1 million, compared to a net loss of $39.0 million in the same period in 2023[144]. Revenue Breakdown - SaaS and PaaS revenue increased by $25.7 million, or 12%, during the three months ended June 30, 2024, driven by new customer go-lives and higher transaction volumes[123]. - License revenue increased by $20.9 million, or 47%, during the three months ended June 30, 2024, primarily due to license renewal timing and new license events[126]. - Maintenance revenue decreased by $2.7 million, or 5%, during the three months ended June 30, 2024, attributed to customers reducing premium support on non-strategic products[127]. - Services revenue increased by $6.2 million, or 35%, during the three months ended June 30, 2024, driven by project-related work[129]. - SaaS and PaaS revenue increased by $36.5 million, or 9%, during the six months ended June 30, 2024, compared to the same period in 2023[147]. - License revenue increased by $32.6 million, or 52%, during the six months ended June 30, 2024, compared to the same period in 2023[148]. - Maintenance revenue decreased by $5.0 million, or 5%, during the six months ended June 30, 2024, compared to the same period in 2023[149]. - Services revenue increased by $12.4 million, or 37%, during the six months ended June 30, 2024, compared to the same period in 2023[150]. Operating Expenses - Total operating expenses increased by $7.0 million, or 2%, during the three months ended June 30, 2024, with significant transaction-related expenses impacting the total[130]. - Total operating expenses for the six months ended June 30, 2024, decreased by $0.6 million compared to the same period in 2023[151]. - General and administrative expense decreased by $11.9 million, or 19%, during the six months ended June 30, 2024, compared to the same period in 2023[157]. - Interest expense for the six months ended June 30, 2024, decreased by $1.3 million, or 3%, compared to the same period in 2023[159]. Cash Flow and Liquidity - Cash flows from operating activities for the six months ended June 30, 2024, were $178.3 million, significantly higher than $57.5 million in the same period of 2023[172]. - Cash and cash equivalents as of June 30, 2024, totaled $157.0 million, with $61.0 million held by foreign subsidiaries[167]. - Total liquidity increased to $619.1 million as of June 30, 2024, primarily due to a $100.0 million increase in the revolving credit facility[168]. - The company used $24.0 million for capital expenditures during the first six months of 2024, compared to $19.6 million in the same period of 2023[175]. - The company repaid a net $38.4 million on the Term Loan during the first six months of 2024[177]. Debt and Interest Rates - As of June 30, 2024, the company had approximately $1.0 billion of debt outstanding[182]. - The Credit Facility had $617.3 million outstanding with a floating interest rate of 7.44% as of June 30, 2024[182]. - The 2026 Notes are fixed-rate long-term debt obligations with a 5.750% interest rate[182]. - A hypothetical 10% increase or decrease in effective interest rates would change interest income by $0.2 million annually[182]. - A hypothetical 10% increase or decrease in effective interest rates would affect interest expense related to the Credit Facility by approximately $4.6 million[182]. Strategic Initiatives - ACI Worldwide processes $14 trillion in payments daily for over 6,000 organizations globally[100]. - The company's 60-month backlog as of June 30, 2024, totals $6.368 billion, with committed backlog at $2.362 billion and renewal backlog at $4.006 billion[116]. - Digital payment transaction volumes are increasing, driven by the digitization of cash and the growth of eCommerce, with COVID-19 accelerating this trend[103]. - ACI is positioned as a leader in real-time payments, leveraging partnerships with Mastercard, Microsoft, and Mindgate Solutions to enhance connectivity and security[104]. - The adoption of cloud technology is a key focus, with ACI optimizing its products on Microsoft Azure to support customer cloud strategies[105]. - The company is actively pursuing acquisitions to enhance its solution offerings and access new markets[111]. - ACI's omni-commerce strategy aims to provide seamless payment experiences across various channels, responding to changing consumer behaviors[107]. - The Request for Payment (RfP) service is being introduced globally, enhancing secure payment requests between consumers and billers[108]. - ACI's financial results are subject to risks including currency fluctuations and customer contract renewals, which may affect revenue recognition[110]. Market Conditions - Inflationary pressures have impacted financial performance, particularly in interchange costs associated with the Biller segment[99].

ACI Worldwide (ACIW) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 113.64%. A quarter ago, it was expected that this maker of software for electronic payments would post a loss of $0.03 per share when it actually produced earnings of $0.10, delivering a surprise of 433.33%.Over the ...

ACI Worldwide Inc. (NASDAQ:ACIW) Q1 2024 Results Conference Call April 30, 2024 8:30 AM ET Company Participants John Kraft - Head of Strategy & Finance Tom Warsop - CEO, President & Director Scott Behrens - Executive VP, CFO & Chief Accounting Officer Conference Call Participants Pete Heckmann - D.A. Davidson Jeff Cantwell - Seaport Research Partners George Sutton - Craig-Hallum Capital Trevor Williams - Jefferies Charles Nabhan - Stephens Operator Thank you for standing by. My name is Eric, and I will be y ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ FORM 10-Q ____________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Or For the transition period from to Commission File Number 0-25346 _________ ...

Exhibit 99.1 ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended March 31, 2024 Q1 2024 HIGHLIGHTS • Revenue up 9% versus Q1 2023 • Net income (loss) improved $24 million over Q1 2023 to a loss of $8 million • Adjusted EBITDA up 93% versus Q1 2023 • Cash flow from operating activities up 208% versus Q1 2023 • Repurchased 2 million shares for $63 million • Raising guidance range for full-year 2024 Omaha, NE — April 30, 2024 — ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, ...

ACI Worldwide (ACIW) partnered with Arab Financial Services (“AFS”) to modernize digital payments for the banking domain across the Middle East and Africa.Through this partnership, ACIW will upgrade AFS’ processes by implementing the ACI Enterprise Payments Platform. The platform will enable AFS to process every type of payment across a variety of currencies and in multiple institutions across the region. AFS currently operates in more than 20 countries and is owned by 37 banks.Moreover, the modernization w ...

OMAHA, Neb. & LONDON--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, instant payments technology, today revealed striking new data proving instant paymentsii will boost the financial prospects of young adults in the EU. New research from the Centre for Economics and Business Research (Cebr) commissioned by ACI Worldwide shows that for every 5% increase in the volume of instant payments, the number of 15 to 24-year-olds globally who saved money in the last year increas ...

ACI Worldwide (ACIW) recently partnered with comforte AG to use the latter’s data-based security solutions and help customers meet the Payment Cards Industry Data Security Standards (PCI DSS) v4.0 standard.PCI DSS is the technical and operational benchmark set for payment processing companies throughout the globe. The new partnership will help ACI Worldwide adhere to PCI DSS v4.0 standard to provide improved payment experiences, adopt emerging technologies and counter cyber threats.The PCI DSS v4.0 standard ...

OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and comforte AG, a leading provider of data-centric security solutions, today announced a partnership to help customers meet the new Payment Cards Industry Data Security Standards (PCI DSS) v4.0 standard. Under this partnership, ACI will use comforte’s data-centric security solutions, which ACI has rigorously tested to be compatible with ACI’s solutions. PCI DSS is a global standa ...

TORONTO, March 07, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group" or the "Company") (TSX:AIF), a leading provider of asset and fund intelligence for commercial real estate ("CRE"), announced today the nomination of Thomas Warsop (President and CEO of ACI Worldwide Inc.) to stand for election to its Board of Directors (the "Board") at its upcoming annual general meeting of shareholders scheduled for May 1, 2024. "Tom Warsop is a seasoned technology executive with a proven track record of driving ...