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Jun 30, 2022

ACI Worldwide Q2 2022 Earnings Report

ACI Worldwide delivered a strong second quarter, with revenue growth and adjusted EBITDA growth versus Q2 2021.

Key Takeaways

ACI Worldwide reported Q2 2022 financial results with revenue of $340 million, a 13% increase compared to Q2 2021. Net income was $13 million. The company reaffirmed its full-year 2022 guidance and expects the divestiture of its corporate online banking solutions to close in Q3 2022.

Revenue was $340 million, up 13% versus Q2 2021.

Adjusted EBITDA was $66 million, up 10% versus Q2 2021.

New ARR bookings were up 3% versus Q2 2021.

Net income was $13 million.

Total Revenue
$340M
Previous year: $302M
+12.8%
EPS
$0.29
Previous year: $0.23
+26.1%
Gross Profit
$161M
Previous year: $143M
+12.6%
Cash and Equivalents
$119M
Previous year: $146M
-18.6%
Free Cash Flow
$37.5M
Previous year: $34.7M
+8.0%
Total Assets
$3.22B
Previous year: $3.18B
+1.4%

ACI Worldwide

ACI Worldwide

ACI Worldwide Revenue by Segment

Forward Guidance

ACI Worldwide reaffirmed 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 Q3 2022 revenue to be between $310 million and $325 million and adjusted EBITDA to be between $50 million and $65 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income