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Stock impact report

ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended March 31, 2024

ACI Worldwide, Inc. (ACIW) 
Last aci worldwide, inc. earnings: 8/8 06:00 am Check Earnings Report
Company Research Source: Business Wire
Q1 2024 HIGHLIGHTSRevenue up 9% versus Q1 2023Net income (loss) improved $24 million over Q1 2023 to a loss of $8 millionAdjusted EBITDA up 93% versus Q1 2023Cash flow from operating activities up 208% versus Q1 2023Repurchased 2 million shares for $63 millionRaising guidance range for full-year 2024 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 ended March 31, 2024."Q1 results exceeded our expectations, and we are increasing the high end of our full year targets," said Thomas Warsop, president and CEO of ACI Worldwide. "We continue to see strength in the Bank segment, particularly in our Real-Time Payments and Fraud Management solutions, which both grew more than 20% in the quarter. Overall, we are pleased to have delivered on our commitments in the quarter, with strong results across key financial metrics, including revenue and adjusted EBITDA growth a Show less Read more
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