Aci Worldwide Inc 's (ACIW) Outlook

Company Name, Ticker, Industry, else..

Aci Worldwide Inc (NASDAQ: ACIW)

Sector • Technology Industry • Software & Programming

Industry • Software & Programming

Sector • Technology

Aci Worldwide Inc Outlook

On April 30 2024 the Aci Worldwide Inc provided following guidance

an 20% year-over-year. Our Cloud and SaaS bookings also experienced strong growth, with a 30% increase compared to the same quarter last year. Overall, our revenue for the quarter was $330 million, a 10% increase from the previous year.

Looking ahead, we are confident in our ability to continue delivering strong results throughout the rest of the year. We are increasing our full year revenue guidance to be between $1.35 billion and $1.38 billion, with adjusted EBITDA expected to be between $380 million and $400 million. We continue to invest in research and development to drive innovation in our products and remain at the forefront of the payments industry.

In conclusion, we are pleased with our performance in the first quarter of 2024 and are excited about the opportunities ahead. We have a strong pipeline of new business opportunities and are well-positioned to capitalize on the growing demand for real-time payments solutions. Thank you to our customers, employees, and shareholders for their continued support as we work towards achieving our financial goals and delivering value to all stakeholders.

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