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Sep 30, 2021
ACI Worldwide Q3 2021 Earnings Report
ACI Worldwide reported a solid third quarter, delivering financial results within its guidance range. The company streamlined its organization, sharpened its go-to-market strategy, and focused on customer satisfaction, leading to positive results. ACI increased its full-year guidance and expects to achieve the Rule of 40 this year.
Key Takeaways
ACI Worldwide reported Q3 2021 revenue of $317 million. Net new ARR was up 50% versus Q3 2020. The company is raising full year 2021 guidance.
ACI delivered a solid third quarter, continuing a string of quarterly financial results within our guidance range.
Net new ARR bookings were up 50% from the third quarter last year, with wins recorded in all three business segments across multiple geographies.
Recurring revenue was $245 million, up 1% from Q3 2020.
Total revenue in the quarter was $317 million, up slightly from Q3 2020.
Forward Guidance
ACI now expects revenue to be in a range of $1.355 billion to $1.360 billion, up from a range of $1.335 billion to $1.345 billion. The company expects adjusted EBITDA to be in the range of $380 million to $385 million, which is at the higher end of the previous guidance range.
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