Loading...
•
Sep 30, 2022
ACI Worldwide Q3 2022 Earnings Report
ACI Worldwide's Q3 2022 financial results were reported.
Key Takeaways
ACI Worldwide reported Q3 2022 revenue of $307 million, a 1% increase adjusted for FX and divestiture. Net income was $23 million, and new ARR bookings increased by 35%. The company reaffirmed its full-year 2022 revenue guidance on a constant currency basis.
Revenue was $307 million, up 1% adjusted for FX and Corporate Online Banking divestiture.
Net income reached $23 million.
New ARR bookings increased by 35% compared to Q3 2021.
Full-year 2022 revenue guidance was reaffirmed on a constant currency basis.
ACI Worldwide
ACI Worldwide
Forward Guidance
ACI is reiterating its full-year 2022 revenue guidance on a constant currency basis, expecting revenue to be in the range of $1.39 billion to $1.405 billion. Adjusted EBITDA is expected to be in the range of $365 million to $380 million.
Positive Outlook
- Reaffirming full-year 2022 revenue guidance on a constant currency basis.
- Actions to mitigate the impact of inflationary pressures are beginning to pay off.
- Continued strong new ARR bookings.
- New business momentum across segments enhances confidence in accelerating growth.
- On track to launch next-generation, real-time payments cloud platform in 2023.
Challenges Ahead
- Foreign exchange rates are impacting EBITDA in the near term.
- Inflationary pressures on the interchange component of the Biller segment are impacting EBITDA in the near term.
- Bank segment revenue declined 11%, or 4% adjusted for FX and the divestiture.
- Merchant segment revenue decreased 9%, or 3% adjusted for FX.
- Biller segment adjusted EBITDA was down 18%.