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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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