ACIW - ACI Worldwide reports mixed Q1 earnings; reaffirms FY23 outlook

2023-05-04 06:10:14 ET

• ACI Worldwide press release ( NASDAQ: ACIW ): Q1 GAAP EPS of -$0.30 misses by $0.10 .
• Revenue of $289.68M (-10.3% Y/Y) beats by $3.17M .
• Recurring revenue grew 9%, adjusting for FX and divestiture ^.
• Biller segment revenue grew 11%.
• Cash flow from operations up 39%.
• Reiterating guidance for full-year 2023: For the full-year of 2023, the Company 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 vs. consensus of $1.45B. The Company expects adjusted EBITDA to be in the range of $380 million to $395 million with net adjusted EBITDA margin expansion. The Company expects revenue to be between $300 million and $310 million and adjusted EBITDA of $35 million to $45 million in Q2 2023.

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