ACI Worldwide Q1 2022 Earnings Report
Key Takeaways
ACI Worldwide reported Q1 2022 financial results with a 13% increase in revenue to $323 million and a significant rise in new ARR bookings by 117% compared to Q1 2021. Net income increased to $16 million, and adjusted EBITDA rose by 50% to $68 million.
Revenue increased by 13% compared to Q1 2021, reaching $323 million.
Adjusted EBITDA increased by 50% compared to Q1 2021, totaling $68 million.
New ARR bookings increased by 117% compared to Q1 2021, amounting to $21 million.
Net income increased from a net loss of $2 million to a net income of $16 million.
ACI Worldwide
ACI Worldwide
Forward Guidance
The company reaffirms its guidance for the full year of 2022. We expect revenue growth to be in the mid-single digits on a constant currency basis, or in the range of $1.415 billion to $1.435 billion. We expect adjusted EBITDA to be in a range of $400 million to $415 million with net adjusted EBITDA margin expansion. We expect Q2 2022 revenue to be between $325 million to $345 million and adjusted EBITDA of $55 million to $75 million. This excludes one-time charges to move our European data centers to the public cloud.