ACI Worldwide Q1 2023 Earnings Report
Key Takeaways
ACI Worldwide reported Q1 2023 financial results, showing a decrease in total revenue to $290 million, a net loss of $32 million, and adjusted EBITDA of $25 million. Recurring revenue grew, particularly in the Biller segment, but was offset by declines in the Bank and Merchant segments. The company reiterated its full-year 2023 guidance.
Recurring revenue grew by 9%, adjusting for FX and divestiture.
Biller segment revenue increased by 11%.
Cash flow from operations was up 39%.
Full-year 2023 guidance was reiterated.
ACI Worldwide
ACI Worldwide
ACI Worldwide Revenue by Segment
Forward Guidance
For the full-year 2023, the Company expects revenue growth to be in the mid-single-digits on a constant currency and divestiture-adjusted basis, or in the range of $1.436 billion to $1.466 billion. The Company expects adjusted EBITDA to be in the range of $380 million to $395 million with net adjusted EBITDA margin expansion. The Company expects revenue to be between $300 million and $310 million and adjusted EBITDA of $35 million to $45 million in Q2 2023.
Positive Outlook
- Revenue growth expected in the mid-single-digits for full-year 2023.
- Adjusted EBITDA expected to be in the range of $380 million to $395 million for full-year 2023.
- Net adjusted EBITDA margin expansion expected for full-year 2023.
- Revenue expected to be between $300 million and $310 million in Q2 2023.
- Adjusted EBITDA expected to be between $35 million and $45 million in Q2 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income