OMAHA, Neb. & SINGAPORE--(BUSINESS WIRE)--Kiwibank has successfully gone live with ACI Worldwide’s Enterprise Payments Platform, a managed cloud solution that will process all of Kiwibank’s account-to-account real-time payments. “Aligned with our vision for transformation and to build a new, modern, flexible tech stack, the ACI Enterprise Payments Platform is vital for future-proofing our payments system. By moving everything to ACI’s platform, we’ve replaced over 50% of the tech underpinning our banking ...

OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, announced financial results today for the quarter and full year ended December 31, 2023. "2023 was another year of progress for ACI, with steady revenue growth and improving margins,” said Thomas Warsop, president and CEO of ACI Worldwide. “In the Bank segment, we saw particular strength in our real-time payments and anti-fraud product lines, and our Bank recurring revenue continu ...

Exhibit 99.1 ACI Worldwide, Inc. Reports Financial Results for the Quarter and Full Year Ended December 31, 2023 Q4 2023 HIGHLIGHTS • Total revenue of $477 million grew 5%1 • Total recurring revenue grew 7%1 • Net income of $123 million grew 36% • Total EBITDA of $210 million grew 8% • Cash flow from operating activities of $86 million grew 107% • Repurchased 1 million shares for $28 million • Expect 7-9% revenue growth in 2024 Omaha, NE — February 29, 2024 — ACI Worldwide (NASDAQ: ACIW), a global leader in ...

Financial Performance - Total revenue for the year ended December 31, 2023, was $1,452.6 million, an increase from $1,421.9 million in 2022[212]. - Total revenue for the year ended December 31, 2023, increased by $30.7 million, or 2%, compared to 2022, with adjusted revenue growth of 5% after accounting for divestiture and foreign currency impacts[177]. - SaaS and PaaS revenue increased by $46.3 million, or 6%, during the year ended December 31, 2023, with an adjusted increase of 8% after considering divestiture and foreign currency effects[180]. - License revenue decreased by $26.9 million, or 8%, during the year ended December 31, 2023, with an adjusted decrease of 8% after accounting for foreign currency impacts[182]. - Maintenance revenue increased by $5.0 million, or 3%, during the year ended December 31, 2023, with an adjusted increase of 7% after considering divestiture and foreign currency effects[186]. - Services revenue increased by $6.3 million, or 9%, during the year ended December 31, 2023, with an adjusted increase of 21% after accounting for divestiture and foreign currency impacts[187]. - Operating income for the year ended December 31, 2023, was $220.4 million, representing 15% of total revenue, an increase of 8% compared to the previous year[1]. - Net income for the year ended December 31, 2023, was $121.5 million, or 8% of total revenue, a decrease of 15% compared to 2022[1]. Backlog and Growth Opportunities - The company's 60-month backlog as of December 31, 2023, totals $6.52 billion, an increase from $6.43 billion as of September 30, 2023[173]. - Committed backlog is $2.18 billion as of December 31, 2023, compared to $2.15 billion on September 30, 2023[173]. - Renewal backlog stands at $4.34 billion as of December 31, 2023, up from $4.29 billion as of September 30, 2023[173]. - The adoption of digital payments continues to grow, driven by eCommerce and real-time payment systems, with significant opportunities for ACI in both domestic and international markets[158]. - ACI's strategic partnerships with Mastercard, Microsoft, and Mindgate Solutions enhance its position in the real-time payments sector[159]. Expenses and Cost Management - Total operating expenses for the year ended December 31, 2023, increased by $14.1 million, or 1%, with a significant reduction of $18.2 million related to divestiture[189]. - Cost of revenue increased by $23.1 million, or 3%, during the year ended December 31, 2023, with an adjusted increase of 6% after accounting for divestiture and foreign currency impacts[192]. - R&D expenses decreased by $5.6 million, or 4%, during the year ended December 31, 2023, with an adjusted decrease of 2% after considering divestiture and foreign currency effects[194]. - Selling and marketing expenses decreased by $2.2 million, or 2%, for the year ended December 31, 2023, compared to 2022, primarily due to lower personnel and travel expenses[196]. - General and administrative expenses increased by $3.0 million, or 3%, for the year ended December 31, 2023, including $21.0 million for cost reduction strategies and $2.6 million for significant transaction-related expenses[199]. - Interest expense increased by $25.3 million, or 48%, for the year ended December 31, 2023, primarily due to higher interest rates[201]. Cash Flow and Financial Position - Cash flows from operating activities increased by $25.1 million in 2023, totaling $168.5 million compared to $143.4 million in 2022[224]. - Cash collections from customers rose by $69.2 million, driven by higher prior year-end receivable balances, despite $25.0 million more in interest payments and $21.9 million in income tax payments[225]. - Cash used in investing activities was $37.8 million in 2023, slightly down from $39.9 million in 2022, with no significant divestiture proceeds in 2023[227]. - Cash flows from financing activities included $73.0 million in Term Loan repayments and $27.6 million for common stock repurchases in 2023[228]. - As of December 31, 2023, cash and cash equivalents were $164.2 million, an increase from $124.98 million as of December 31, 2022[219]. - The company has a stock repurchase program with a maximum remaining amount authorized for purchase of approximately $172.4 million as of December 31, 2023[221]. - The company entered into a Refinance Amendment providing a senior secured term loan facility of $500 million and a revolving credit facility of $600 million, extending the maturity date to February 26, 2029[220]. Debt and Risk Management - The company had approximately $1.0 billion of debt outstanding as of December 31, 2023, including $643.7 million under a Credit Facility with a floating rate of 7.21% and $400.0 million in fixed-rate 2026 Notes at 5.750%[255]. - A hypothetical 10% increase or decrease in effective interest rates would impact interest income from cash investments by $0.1 million annually[254]. - The company has not entered into any foreign currency hedging transactions, exposing it to risks from fluctuations in foreign currency exchange rates[253]. - The company has not reported any material changes to its market risk for the year ended December 31, 2023, excluding interest rate and inflation impacts[253]. Strategic Initiatives - ACI is focusing on cloud technology to improve scalability and operational efficiency, aligning with industry trends[160]. - The company is actively seeking acquisitions to enhance its solution offerings and expand into new markets[165]. - ACI's advanced machine learning capabilities are being leveraged to combat fraud in the growing real-time payments landscape[161]. Shareholder and Tax Considerations - Performance awards for 2023 are based on net revenue growth and net adjusted EBITDA margin, with a total shareholder return multiplier of up to ±20% and potential earnings of up to 200% of performance shares[247]. - The company recognizes compensation expense for restricted share unit awards (RSUs) on a straight-line basis over a three-year service period[248]. - The company estimates unrecognized tax benefits for probable assessments by taxing authorities, which could lead to tax liabilities exceeding current records[250]. - The company assesses the need for a valuation allowance on deferred tax assets based on future taxable income and tax planning strategies[251].

MIAMI & BOGOTÁ, Colombia--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced an extension of its longstanding partnership with Kuvasz Solutions, a leading Latin American provider of professional services for the payments industry, to advance the adoption of Colombia’s new domestic real-time payments ecosystem, announced by ACI and the Colombian Central Bank in December 2023. Kuvasz Solutions has partnered with ACI Worldwide in ...

MIAMI--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, will host its first Analyst Day under President and Chief Executive Officer Thomas Warsop on Tuesday, March 12, from 8:30 a.m. to 3:30 p.m. Eastern time at Apella in New York. The event will focus on how the company will drive enhanced shareholder value in the short- and long-term. ACI’s leadership team will discuss the company’s business strategy, product and technology updates, and forw ...

MIAMI--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced a collaboration with RYVYL EU, a leading payments service provider (PSP) and acquirer in Central Eastern Europe (CEE), to help merchants across the region increase revenues through higher transaction conversion rates. RYVYL EU is an EU-regulated electronic money institution based in Sofia, Bulgaria, and is a wholly owned subsidiary of RYVYL Inc. (NASDAQ: RVYL). Its servi ...

MIAMI--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, announced today that it will report its financial results for the fourth quarter and full year 2023 on February 29, 2024. Management will host a conference call at 8:30 a.m. Eastern time to discuss these results. Interested persons may access a real-time teleconference webcast at http://investor.aciworldwide.com/ or use the following number for dial-in participation: toll-free (800) 715-9 ...

Core Insights - ACI Worldwide has been selected by Nepal Clearing House (NCHL) to implement the National Payment Switch (NPS) and the NEPALPAY card scheme, enhancing domestic payment capabilities in Nepal [1][2] - The NPS initiative aims to create a comprehensive payment ecosystem that supports both card and non-card transactions, with a rollout expected in the last quarter of 2024 [2][3] - The transition to digital payments in Nepal has significantly increased financial inclusion, with the percentage of adults using formal financial services rising from 61% in 2014 to 90% in 2022 [3] Company Overview - ACI Worldwide is a global leader in real-time payments software, providing scalable solutions for digital payments and financial services [5][8] - The ACI Enterprise Payments Platform serves as an end-to-end payments hub, supporting various payment schemes across six continents and reaching approximately 1.8 billion people [5] Industry Context - The establishment of the NPS and NEPALPAY is seen as a transformative step for Nepal's payment landscape, promoting secure and efficient payment methods [2][4] - NCHL plays a crucial role in advancing digital payments in Nepal, aiming to improve the efficiency and productivity of banking and financial institutions through technology-oriented services [6][7]

MIAMI & LONDON--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced that leading U.K. retailer Co-op has successfully moved its full stack of payments and fraud prevention technology software into ACI’s multi-tenant cloud platform hosted in Microsoft Azure. As a strategic technology partner of ACI Worldwide, Co-op uses the full range of solutions offered by ACI Payments Orchestration Platform, including in-store, online and mobi ...