ACI Worldwide Q2 2023 Earnings Report
Key Takeaways
ACI Worldwide reported Q2 2023 results with total revenue of $323 million, a 2% decrease compared to the same period in 2022. Recurring revenue grew 5% year-over-year. The company reported a net loss of $7 million and adjusted EBITDA of $57 million. The company is reiterating its full-year 2023 guidance.
Recurring revenue grew 5%, adjusting for FX and divestiture.
Bank segment recurring revenue grew 13%, adjusting for FX and divestiture.
Biller segment revenue grew 5%.
Improvement in Biller segment profitability.
ACI Worldwide
ACI Worldwide
ACI Worldwide Revenue by Segment
Forward Guidance
The company expects revenue to be between $335 million and $345 million and adjusted EBITDA of $70 million to $80 million in Q3 2023. For the full year of 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.
Positive Outlook
- 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 for full year 2023.
- Expects adjusted EBITDA to be in the range of $380 million to $395 million for full year 2023.
- Expects net adjusted EBITDA margin expansion for full year 2023.
- Expects revenue to be between $335 million and $345 million in Q3 2023.
- Expects adjusted EBITDA of $70 million to $80 million in Q3 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income