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ACI Worldwide
🇺🇸 NASDAQ:ACIW
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Dec 31, 2022

ACI Worldwide Q4 2022 Earnings Report

ACI Worldwide's financial performance for Q4 2022 was reported, with a decrease in revenue and net income compared to Q4 2021, but full-year revenue increased, driven by solid organic growth and accelerating ARR bookings.

Key Takeaways

ACI Worldwide reported Q4 2022 revenue of $452 million, down from $467 million in Q4 2021. Net income was $90 million, compared to $109 million in the same quarter of the previous year. The company's full-year revenue for 2022 reached $1.422 billion, a 4% increase from 2021, or 7% adjusted for FX and divestiture. Consolidated ARR bookings for 2022 grew 35% over 2021.

Revenue for Q4 2022 was $452 million, a decrease from $467 million in Q4 2021.

Net income for Q4 2022 was $90 million, down from $109 million in Q4 2021.

Full-year 2022 revenue was $1.422 billion, up 4% from 2021, or 7% adjusted for FX and divestiture.

Consolidated ARR bookings for 2022 grew 35% over 2021.

Total Revenue
$452M
Previous year: $467M
-3.2%
EPS
$1
Previous year: $1.1
-9.1%
Gross Profit
$273M
Previous year: $305M
-10.4%
Cash and Equivalents
$125M
Previous year: $122M
+2.4%
Free Cash Flow
$36.4M
Previous year: $65M
-43.9%
Total Assets
$3.21B
Previous year: $3.16B
+1.6%

ACI Worldwide

ACI Worldwide

Forward Guidance

For the full year of 2023, ACI Worldwide 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. Adjusted EBITDA is expected to be in the range of $380 million to $395 million with net adjusted EBITDA margin expansion. For Q1 2023, revenue is expected to be between $280 million and $290 million and adjusted EBITDA of $20 million to $30 million.

Positive Outlook

  • Revenue growth expected in the mid-single-digits for full year 2023.
  • Adjusted EBITDA expected to be in the range of $380 million to $395 million for full year 2023.
  • Net adjusted EBITDA margin expansion expected for full year 2023.
  • Q1 2023 revenue expected to be between $280 million and $290 million.
  • Q1 2023 adjusted EBITDA expected to be between $20 million and $30 million.

Challenges Ahead

  • Exclusion of one-time charges related to the move of European data centers to the public cloud.
  • Exclusion of one-time costs to implement certain efficiency strategies.
  • Uncertainty regarding the impact of these one-time charges and costs on overall financial performance.
  • Potential for unforeseen challenges during the data center migration.
  • Possible difficulties in implementing efficiency strategies.

Company Overview

Full financial data and analysis

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