ACI Worldwide Q4 2023 Earnings Report
Key Takeaways
ACI Worldwide reported a 5% increase in revenue to $477 million for Q4 2023. Net income increased by 36% to $123 million, and adjusted EBITDA grew by 8% to $210 million. The company's cash flow from operating activities saw a significant increase of 107%, reaching $86 million.
Total revenue grew by 5% to $477 million.
Recurring revenue increased by 7%.
Net income increased by 36% to $123 million.
Cash flow from operating activities increased by 107% to $86 million.
ACI Worldwide
ACI Worldwide
Forward Guidance
ACI Worldwide anticipates revenue growth between 7% and 9% for the full year 2024, projecting revenues from $1.547 billion to $1.576 billion. Adjusted EBITDA is expected to range from $418 million to $428 million, with net adjusted EBITDA margin expansion. For Q1 2024, revenue is projected to be between $300 million and $310 million, with adjusted EBITDA ranging from $25 million to $30 million, excluding one-time costs for efficiency strategies.