ACI Worldwide (ACIW) reported $373.48 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 15.5%. EPS of $0.47 for the same period compares to $0.15 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $349.95 million, representing a surprise of +6.72%. The company delivered an EPS surprise of +113.64%, with the consensus EPS estimate being $0.22. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

[Q2 2024 Financial Results](index=1&type=section&id=Q2%202024%20Financial%20Results) [Q2 2024 Performance Highlights](index=1&type=section&id=Q2%202024%20Performance%20Highlights) ACI Worldwide reported strong Q2 2024 financial results, with significant year-over-year growth in revenue, Adjusted EBITDA, and cash flow from operations, alongside a new share repurchase program and raised full-year guidance Q2 2024 Key Performance Indicators (vs. Q2 2023) | Metric | Q2 2024 Value | Change vs. Q2 2023 | | :--- | :--- | :--- | | Revenue | $373 million | +16% | | Net Income | $31 million | +$38 million | | Adjusted EBITDA | $93 million | +62% | | Cash Flow from Operating Activities | $55 million | +215% | - The company announced a new **$400 million share repurchase authorization** and bought back **1.7 million shares for $57 million** during the quarter[1](index=1&type=chunk)[4](index=4&type=chunk) - Full-year 2024 financial guidance for both revenue and adjusted EBITDA has been raised[1](index=1&type=chunk)[2](index=2&type=chunk) [Financial Summary](index=1&type=section&id=Financial%20Summary) Q2 2024 total revenue increased 16% to $373 million, driven by all segments, with recurring revenue at $284 million (76% of total), and a net debt leverage ratio of 1.9x Q2 2024 Segment Performance (vs. Q2 2023) | Segment | Revenue Growth | Adjusted EBITDA Growth | | :--- | :--- | :--- | | Bank | +22% | +53% | | Merchant | +4% | +55% | | Biller | +13% | +20% | - Recurring revenue was **$284 million**, a **9% increase** from Q2 2023, and represented **76% of total revenue**[3](index=3&type=chunk) - The company ended the quarter with **$157 million in cash** and a net debt leverage ratio of **1.9x**[4](index=4&type=chunk) [Updated 2024 Financial Guidance](index=2&type=section&id=RAISING%202024%20GUIDANCE%20RANGE) ACI Worldwide raised its full-year 2024 revenue and Adjusted EBITDA guidance, also providing a positive outlook for the third quarter of 2024 Updated Full-Year 2024 and Q3 2024 Guidance | Period | Metric | New Guidance Range | | :--- | :--- | :--- | | **Full-Year 2024** | Revenue | $1.557 billion - $1.591 billion | | **Full-Year 2024** | Adjusted EBITDA | $423 million - $438 million | | **Q3 2024** | Revenue | $400 million - $410 million | | **Q3 2024** | Adjusted EBITDA | $110 million - $120 million | [Financial Statements](index=6&type=section&id=Financial%20Statements) [Condensed Consolidated Balance Sheets](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of June 30, 2024, ACI's total assets slightly decreased to $3.36 billion, with stable liabilities at $2.13 billion and reduced stockholders' equity of $1.24 billion due to share repurchases Balance Sheet Summary (in thousands) | Account | June 30, 2024 (in thousands) | December 31, 2023 (in thousands) | | :--- | :--- | :--- | | Cash and cash equivalents | $156,983 | $164,239 | | Total Assets | $3,364,672 | $3,444,739 | | Long-term debt (current & noncurrent) | $1,008,013 | $1,038,004 | | Total Liabilities | $2,127,916 | $2,120,442 | | Total Stockholders' Equity | $1,236,756 | $1,324,297 | [Condensed Consolidated Statements of Operations](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q2 2024 saw a significant profitability turnaround with net income of $30.9 million, up from a $6.7 million loss in Q2 2023, driven by a 15.5% revenue increase to $373.5 million amidst stable operating expenses Q2 Statement of Operations (in thousands, except per share) | Metric | Q2 2024 (in thousands) | Q2 2023 (in thousands) | | :--- | :--- | :--- | | Total Revenues | $373,479 | $323,325 | | Operating Income | $53,701 | $10,520 | | Net Income (Loss) | $30,887 | $(6,710) | | Diluted EPS | $0.29 | $(0.06) | Six Months Ended June 30 Statement of Operations (in thousands) | Metric | 2024 (in thousands) | 2023 (in thousands) | | :--- | :--- | :--- | | Total Revenues | $689,498 | $613,001 | | Operating Income (Loss) | $63,261 | $(13,832) | | Net Income (Loss) | $23,136 | $(39,018) | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Net cash from operating activities significantly increased to $178.3 million for the six months ended June 30, 2024, while financing activities resulted in a $170.3 million outflow primarily due to stock repurchases and debt repayments Cash Flow Summary - Six Months Ended June 30 (in thousands) | Activity | 2024 (in thousands) | 2023 (in thousands) | | :--- | :--- | :--- | | Net cash from operating activities | $178,258 | $57,508 | | Net cash from investing activities | $(23,978) | $(19,597) | | Net cash from financing activities | $(170,273) | $(61,183) | - Key financing activities in the first six months of 2024 included **$119.7 million** in common stock repurchases and a net repayment of term loans and other debt[16](index=16&type=chunk) [Non-GAAP Financial Measures & Reconciliations](index=9&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) [Reconciliation of Net Income to Adjusted EBITDA](index=9&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Adjusted%20EBITDA) Adjusted EBITDA for Q2 2024 increased 62% to $92.8 million, with the margin expanding to 37%, and six-month Adjusted EBITDA growing 71% to $140.9 million Adjusted EBITDA Reconciliation (in millions) | Metric | Q2 2024 (in millions) | Q2 2023 (in millions) | Six Months 2024 (in millions) | Six Months 2023 (in millions) | | :--- | :--- | :--- | :--- | :--- | | Net Income (Loss) | $30.9 | $(6.7) | $23.1 | $(39.0) | | **Adjusted EBITDA** | **$92.8** | **$57.4** | **$140.9** | **$82.3** | | Net Adjusted EBITDA Margin | 37% | 26% | 31% | 21% | [Segment Information](index=9&type=section&id=Segment%20Information) All segments contributed to Q2 2024 growth, with the Bank segment leading in revenue and Adjusted EBITDA increases, the Biller segment remaining the largest by revenue, and the Merchant segment showing strong profitability Q2 2024 Segment Revenue and Adjusted EBITDA (in millions) | Segment | Revenue (in millions) | Revenue YoY Change | Adj. EBITDA (in millions) | Adj. EBITDA YoY Change | | :--- | :--- | :--- | :--- | :--- | | Banks | $143.7 | +22.3% | $79.2 | +53.5% | | Merchants | $38.0 | +4.1% | $15.4 | +55.6% | | Billers | $191.8 | +13.3% | $37.4 | +20.0% | [Reconciliation of GAAP EPS to Adjusted EPS](index=10&type=section&id=EPS%20Impact%20of%20Non-cash%20and%20Significant%20Transaction-related%20Items) Adjusted diluted EPS significantly increased to $0.47 for Q2 2024 and $0.56 for the first six months of 2024, reflecting adjustments for non-cash and significant transaction-related items EPS Reconciliation | Metric | Q2 2024 | Q2 2023 | Six Months 2024 | Six Months 2023 | | :--- | :--- | :--- | :--- | :--- | | GAAP Diluted EPS | $0.29 | $(0.06) | $0.22 | $(0.36) | | **Adjusted Diluted EPS** | **$0.47** | **$0.15** | **$0.56** | **$0.07** | [Recurring Revenue and New Bookings](index=10&type=section&id=Recurring%20Revenue%20and%20New%20Bookings) Q2 2024 recurring revenue grew 8.8% to $284.1 million, driven by SaaS and PaaS fees, while new bookings, including license and services, also showed strong growth to $80.7 million Recurring Revenue (in millions) | Component | Q2 2024 (in millions) | Q2 2023 (in millions) | | :--- | :--- | :--- | | SaaS and PaaS fees | $235.4 | $209.7 | | Maintenance fees | $48.7 | $51.4 | | **Total Recurring Revenue** | **$284.1** | **$261.1** | New Bookings (in millions) | Type | Q2 2024 (in millions) | Q2 2023 (in millions) | | :--- | :--- | :--- | | Annual recurring revenue (ARR) | $13.1 | $12.7 | | License and services | $80.7 | $55.5 |

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].

Company Performance - ACI Worldwide reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and up from $0.15 per share a year ago, representing an earnings surprise of 113.64% [1] - The company achieved revenues of $373.48 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 6.72% and increasing from $323.33 million year-over-year [1] - Over the last four quarters, ACI Worldwide has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [1] Stock Performance - ACI Worldwide shares have increased approximately 41.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.8% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $387.95 million, and for the current fiscal year, it is $2.21 on revenues of $1.57 billion [4] - The estimate revisions trend for ACI Worldwide is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Computer - Software industry, to which ACI Worldwide belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, which may impact stock performance [5] - Another company in the same industry, Synopsys, is expected to report quarterly earnings of $2.95 per share, reflecting a year-over-year change of +2.4%, with revenues anticipated to be $1.53 billion, up 2.6% from the previous year [5][6]

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 ...