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Sep 30, 2024

ACI Worldwide Q3 2024 Earnings Report

ACI Worldwide reported Q3 2024 financial results with revenue and net income increasing.

Key Takeaways

ACI Worldwide reported a strong Q3 2024, with revenue up 24% and net income up 115% compared to Q3 2023. The company raised its full-year 2024 guidance for both revenue and adjusted EBITDA.

Revenue increased by 24% compared to Q3 2023.

Net income increased by 115% compared to Q3 2023.

Cash flow from operating activities increased by 114% compared to Q3 2023.

Full-year 2024 guidance range was raised.

Total Revenue
$452M
Previous year: $363M
+24.4%
EPS
$0.97
Previous year: $0.52
+86.5%
Gross Profit
$254M
Previous year: $185M
+37.2%
Cash and Equivalents
$178M
Previous year: $140M
+27.5%
Free Cash Flow
$55.6M
Previous year: $21.9M
+154.2%
Total Assets
$3.09B
Previous year: $3.25B
-5.0%

ACI Worldwide

ACI Worldwide

Forward Guidance

For the full year of 2024, ACI Worldwide is raising its guidance for both revenue and adjusted EBITDA.

Positive Outlook

  • Revenue is now expected to be in the range of $1.567 billion to $1.601 billion.
  • Adjusted EBITDA is now expected to be in the range of $433 million to $448 million.