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Dec 31, 2020
ACI Worldwide Q4 2020 Earnings Report
ACI Worldwide reported strong Q4 2020 financial results, driven by the execution of its three-pillar strategic plan.
Key Takeaways
ACI Worldwide announced financial results for the quarter and full year ended December 31, 2020, with revenue of $1.294 billion for the full year, up 3% from 2019. The company's Q4 performance contributed to a strong finish to the year, and management expressed confidence in achieving the rule of 40 in 2021.
Full year 2020 total bookings were $1.495 billion, up 21% from 2019.
Full year 2020 revenue was $1.29 billion, up 3% from $1.26 billion in 2019.
Net income in 2020 was $73 million, up 8% from $67 million in 2019.
ACI ended 2020 with $165 million in cash on hand and a debt balance of $1.2 billion.
Forward Guidance
ACI Worldwide expects COVID-19-related headwinds to persist through the first half of 2021 and for growth to accelerate to the mid-single digits in the second half of the year. For Q1 2021, the company expects revenue to be between $270 million and $280 million and adjusted EBITDA of $25 million to $35 million.
Challenges Ahead
- COVID-19-related headwinds are expected to persist through the first half of 2021.
- Revenue to be between $270 million and $280 million in Q1 2021.
- Adjusted EBITDA of $25 million to $35 million in Q1 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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