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Mar 31, 2021
ACI Worldwide Q1 2021 Earnings Report
ACI Worldwide reported financial results for Q1 2021, with revenue slightly down but adjusted EBITDA up.
Key Takeaways
ACI Worldwide reported a slight decrease in revenue but an increase in adjusted EBITDA for Q1 2021. The company's focus on execution is paying off, with new contract signings and revenue exceeding expectations. ACI anticipates strong second-half performance and achieving the Rule of 40 for the first time.
Recurring revenue increased by 1% compared to Q1 2020, reaching $248 million.
Total revenue decreased by 2% compared to Q1 2020, totaling $285 million.
Adjusted EBITDA increased by 19% compared to Q1 2020, amounting to $45 million.
Net loss improved to $2 million compared to a net loss of $24 million in Q1 2020.
Forward Guidance
ACI Worldwide expects COVID-19-related headwinds to persist through the first half of 2021, with growth accelerating in the second half. The company anticipates revenue between $295 million and $305 million and adjusted EBITDA of $50 million to $60 million in Q2 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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