Loading...
•
Jun 30, 2020
ACI Worldwide Q2 2020 Earnings Report
ACI Worldwide reported financial results for the quarter ended June 30, 2020.
Key Takeaways
ACI Worldwide reported Q2 2020 revenue of $300 million, a 1% increase year-over-year. Net income was $14 million, up 146% from Q2 last year. The company's focus on profitability and its resilient business model drove significant EBITDA growth of 42% and margin expansion.
Revenue of $300 million, up 1% from Q2 last year
Recurring revenue was 78% of total revenue, up from 75% in Q2 last year
Net income of $14 million, up 146% from Q2 last year
Adjusted EBITDA of $78 million, up 42% from Q2 last year
ACI Worldwide
ACI Worldwide
Forward Guidance
ACI has suspended guidance regarding its financial outlook for the full year 2020 due to uncertainty regarding the timing of signing and realizing revenue from new business caused by the COVID-19 pandemic.
Challenges Ahead
- The duration and severity of the COVID-19 pandemic has caused uncertainty regarding the timing of signing and realizing of revenue from new business.