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Mar 31, 2020
ACI Worldwide Q1 2020 Earnings Report
ACI Worldwide reported a solid start to the year with revenue up 42% and recurring revenue at 84% of total revenue.
Key Takeaways
ACI Worldwide reported Q1 2020 financial results, with revenue of $291 million, a 42% increase compared to Q1 2019. Recurring revenue was 84% of total revenue, and the company reported a net loss of $24 million, consistent with Q1 last year. Adjusted EBITDA was $38 million, up 371% compared to Q1 last year. The company ended the quarter with $119 million in cash on hand.
Revenue of $291 million, up 42% from Q1 last year.
Recurring revenue was 84% of total revenue, up from 80% in Q1 last year.
Adjusted EBITDA of $38 million with net adjusted margin increasing to 19% from 5% in Q1 last year.
Cash flow from operations of $58 million, up 36% from Q1 last year.
Forward Guidance
Due to the uncertainty caused by the COVID-19 pandemic, ACI Worldwide has suspended guidance regarding its financial outlook for the full year 2020.
Positive Outlook
- A significant portion of revenues are recurring.
- Optimistic about the pipeline of deals.
- Actions have been taken to reduce expenses and minimize the impact of COVID-19.
- Evaluating additional options to reduce expenses and minimize the impact of COVID-19.
- Ample liquidity and a resilient business model with a large contractual backlog.
Challenges Ahead
- The duration and severity of the outbreak of COVID-19 has caused uncertainty regarding the timing of signing and realizing revenue from new business.
- COVID-19 pandemic.
- Uncertainty regarding the timing of signing.
- Uncertainty regarding the timing of realizing revenue from new business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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