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     112  0 Kommentare ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended June 30, 2021

    ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment solutions and software, today announced financial results for the quarter ended June 30, 2021.

    “We had another solid quarter, coming in at the high end of our expectations. Encouragingly, both our global sales organization and our pipeline continue to strengthen while our business becomes more predictable,” said Odilon Almeida, president and CEO of ACI Worldwide. “In the quarter, we signed a significant number of new logos and secured important strategic wins. We also signed a global alliance with Microsoft Azure, which will accelerate and expand ACI’s best-in-class cloud payment offerings. This partnership will enable stronger go-to-market cooperation between the two companies to meet the increasing demand for SaaS-based payment solutions from financial institutions. Also among the quarter’s signings was a major Real-Time payments win with the Central Bank of Indonesia, further cementing ACI’s lead in this fast-growing segment.”

    Mr. Almeida concluded, “We expect to continue this momentum in the second half of 2021 and as the economic backdrop improves, plan to end the year at a significantly higher growth rate. Importantly, this will allow us to achieve the Rule of 40 in 2021 for the first year ever. I am increasingly confident that our three-pillar strategy is taking hold and we remain committed to maximizing shareholder value.”

    Q2 2021 FINANCIAL SUMMARY

    Recurring revenue was $250 million, up 7% from Q2 2020. Total revenue in the quarter was $302 million, up 1% compared to Q2 2020.

    Recurring revenue grew in all segments compared to Q2 2020. Bank segment recurring revenue increased 2% and Bank segment adjusted EBITDA decreased 20%, versus Q2 2020. Merchant segment recurring revenue increased 5% and Merchant segment adjusted EBITDA increased 2%, versus Q2 2020. Biller segment recurring revenue grew 9% and Biller segment adjusted EBITDA increased 1%, versus Q2 2020.

    Total adjusted EBITDA in the quarter was $60 million compared to $78 million in Q2 2020, largely due to the timing of non-recurring, high-margin license renewals. Net adjusted EBITDA margin was 28% in the quarter, compared to 35% in Q2 2020. Net income in the quarter of $7 million declined compared to net income of $14 million in Q2 2020.

    Cash flows from operating activities in the quarter were $38 million, down from $68 million in Q2 2020. ACI ended the quarter with $146 million in cash on hand and $474 million available on our credit facility after paying down $25 million in debt in the quarter. The company repurchased 1 million shares during the quarter.

    INTRODUCING 2021 REVENUE GUIDANCE; REAFFIRMING 2021 ADJUSTED EBITDA GUIDANCE

    For the full year 2021, we expect revenue to be in a range of $1.335 billion to $1.345 billion and we continue to expect adjusted EBITDA to be in the range of $375 million to $385 million with net adjusted EBITDA margin expansion. We expect revenue to be between $310 million and $320 million and adjusted EBITDA of $70 million to $80 million in Q3 2021.

    CONFERENCE CALL TO DISCUSS FINANCIAL RESULTS

    Management will host a conference call at 8:30 am ET today to discuss these results. Interested persons may access a real-time webcast of the teleconference at http://investor.aciworldwide.com/ or use the following numbers for dial-in participation: toll-free: (888) 771-4371, toll: +1 (847) 585-4405. Please provide your name, the conference name of ACI Worldwide, Inc. and confirmation number 50201377.

    About ACI Worldwide

    ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. Customers use our proven, scalable and secure solutions to process and manage digital payments, enable omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with local presence to drive the real-time digital transformation of payments and commerce.

    Copyright ACI Worldwide, Inc. 2021.

    ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties’ trademarks referenced are the property of their respective owners.

    To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude significant transaction-related expenses, as well as other significant non-cash expenses such as depreciation, amortization and stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. The presentation of these non-GAAP financial measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management generally compensates for limitations in the use of non-GAAP financial measures by relying on comparable GAAP financial measures and providing investors with a reconciliation of non-GAAP financial measures only in addition to and in conjunction with results presented in accordance with GAAP.

    We believe that these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business. Certain non-GAAP measures include:

    • Adjusted EBITDA: net income (loss) plus income tax expense (benefit), net interest income (expense), net other income (expense), depreciation, amortization and stock-based compensation, as well as significant transaction-related expenses. Adjusted EBITDA should be considered in addition to, rather than as a substitute for, net income (loss).
    • Net Adjusted EBITDA Margin: Adjusted EBITDA divided by revenue net of pass through interchange revenue. Net Adjusted EBITDA Margin should be considered in addition to, rather than as a substitute for, net income (loss).
    • Diluted EPS adjusted for non-cash and significant transaction related items: diluted EPS plus tax effected significant transaction related items, amortization of acquired intangibles and software, and non-cash stock-based compensation. Diluted EPS adjusted for non-cash and significant transaction related items should be considered in addition to, rather than as a substitute for, diluted EPS.
    • Recurring revenue: revenue from software as a service and platform as a service fees and maintenance fees. Recurring revenue should be considered in addition to, rather than as a substitute for, total revenue.

    FORWARD-LOOKING STATEMENTS

    This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as “believes,” “will,” “expects,” “anticipates,” “intends,” and words and phrases of similar impact. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Forward-looking statements in this press release include, but are not limited to, expectations regarding: (i) both our global sales organization and our pipeline strengthening considerably, while our business becomes more predictable, (ii) a global alliance with Microsoft Azure, which will accelerate and expand ACI’s best-in-class cloud payment offerings, (iii) continuing this momentum in the second half of 2021 and as the economic backdrop improves, plan to end the year at a significantly higher growth rate, (iv) the achievement the rule of 40 in 2021 for the first year ever, and (v) full year 2021 and Q3, 2021 financial guidance for revenue and adjusted EBITDA.

    All of the foregoing forward-looking statements are expressly qualified by the risk factors discussed in our filings with the Securities and Exchange Commission. Such factors include, but are not limited to, the COVID-19 pandemic, increased competition, business interruptions or failure of our information technology and communication systems, may be subjected to security breaches or viruses, our ability to attract and retain senior management personnel and skilled technical employees, new members of senior management coupled with our headquarters relocation, future acquisitions, strategic partnerships and investments, integration of and achieving benefits from the Speedpay acquisition, implementation and success of our new Three Pillar strategy, impact if we convert some or all on-premise licenses from fixed-term to subscription model, anti-takeover provisions, exposure to credit or operating risks arising from certain payment funding methods, customer reluctance to switch to a new vendor, our ability to adequately defend our intellectual property, litigation, our offshore software development activities, risks from operating internationally, including fluctuations in currency exchange rates, adverse changes in the global economy, compliance of our products with applicable legislation, governmental regulations and industry standards, the complexity of our products and services and the risk that they may contain hidden defects, complex regulations applicable to our payments business, our compliance with privacy regulations, exposure to unknown tax liabilities, consolidations and failures in the financial services industry, volatility in our stock price, demand for our products, failure to obtain renewals of customer contracts or to obtain such renewals on favorable terms, delay or cancellation of customer projects or inaccurate project completion estimates, impairment of our goodwill or intangible assets, the accuracy of management’s backlog estimates, the cyclical nature of our revenue and earnings and the accuracy of forecasts due to the concentration of revenue-generating activity during the final weeks of each quarter, restrictions and other financial covenants in our debt agreements, our existing levels of debt, potential adverse effects from the impending replacement of LIBOR, events outside of our control including natural disasters, wars, and outbreaks of disease. For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review our filings with the Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.

    ACI WORLDWIDE, INC. AND SUBSIDIARIES

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (unaudited and in thousands)

     

     

    June 30,

    2021

     

    December 31,

    2020

    ASSETS

     

     

     

    Current assets

     

     

     

    Cash and cash equivalents

    $

    146,213

     

     

    $

    165,374

     

    Receivables, net of allowances

    289,351

     

     

    342,879

     

    Settlement assets

    486,983

     

     

    605,008

     

    Prepaid expenses

    31,258

     

     

    24,288

     

    Other current assets

    31,425

     

     

    17,365

     

    Total current assets

    985,230

     

     

    1,154,914

     

    Noncurrent assets

     

     

     

    Accrued receivables, net

    190,399

     

     

    215,772

     

    Property and equipment, net

    61,527

     

     

    64,734

     

    Operating lease right-of-use assets

    51,511

     

     

    41,243

     

    Software, net

    180,873

     

     

    196,456

     

    Goodwill

    1,280,226

     

     

    1,280,226

     

    Intangible assets, net

    303,151

     

     

    321,983

     

    Deferred income taxes, net

    64,857

     

     

    57,476

     

    Other noncurrent assets

    57,406

     

     

    54,099

     

    TOTAL ASSETS

    $

    3,175,180

     

     

    $

    3,386,903

     

    LIABILITIES AND STOCKHOLDERS’ EQUITY

     

     

     

    Current liabilities

     

     

     

    Accounts payable

    $

    37,899

     

     

    $

    41,223

     

    Settlement liabilities

    489,302

     

     

    604,096

     

    Employee compensation

    39,894

     

     

    48,560

     

    Current portion of long-term debt

    36,067

     

     

    34,265

     

    Deferred revenue

    97,503

     

     

    95,849

     

    Other current liabilities

    65,794

     

     

    81,612

     

    Total current liabilities

    766,459

     

     

    905,605

     

    Noncurrent liabilities

     

     

     

    Deferred revenue

    32,524

     

     

    33,564

     

    Long-term debt

    1,071,822

     

     

    1,120,742

     

    Deferred income taxes, net

    35,208

     

     

    40,504

     

    Operating lease liabilities

    48,008

     

     

    39,958

     

    Other noncurrent liabilities

    42,599

     

     

    39,933

     

    Total liabilities

    1,996,620

     

     

    2,180,306

     

    Commitments and contingencies

     

     

     

    Stockholders’ equity

     

     

     

    Preferred stock

     

     

     

    Common stock

    702

     

     

    702

     

    Additional paid-in capital

    676,399

     

     

    682,431

     

    Retained earnings

    1,008,046

     

     

    1,003,490

     

    Treasury stock

    (412,492

    )

     

    (387,581

    )

    Accumulated other comprehensive loss

    (94,095

    )

     

    (92,445

    )

    Total stockholders’ equity

    1,178,560

     

     

    1,206,597

     

    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

    $

    3,175,180

     

     

    $

    3,386,903

     

    ACI WORLDWIDE, INC. AND SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (unaudited and in thousands, except per share amounts)

     

     

    Three Months Ended June 30,

     

    Six Months Ended June 30,

     

    2021

     

    2020

     

    2021

     

    2020

    Revenues

     

     

     

     

     

     

     

    Software as a service and platform as a service

    $

    196,328

     

     

    $

    180,573

     

     

    $

    392,074

     

     

    $

    373,523

     

    License

    34,727

     

     

    50,136

     

     

    55,929

     

     

    78,265

     

    Maintenance

    53,155

     

     

    52,749

     

     

    105,518

     

     

    106,029

     

    Services

    17,459

     

     

    16,452

     

     

    33,334

     

     

    33,578

     

    Total revenues

    301,669

     

     

    299,910

     

     

    586,855

     

     

    591,395

     

    Operating expenses

     

     

     

     

     

     

     

    Cost of revenue (1)

    158,614

     

     

    147,346

     

     

    318,099

     

     

    313,183

     

    Research and development

    35,029

     

     

    35,578

     

     

    69,543

     

     

    74,602

     

    Selling and marketing

    28,660

     

     

    24,455

     

     

    56,798

     

     

    54,538

     

    General and administrative

    31,937

     

     

    29,758

     

     

    59,712

     

     

    65,684

     

    Depreciation and amortization

    32,005

     

     

    33,635

     

     

    63,589

     

     

    65,533

     

    Total operating expenses

    286,245

     

     

    270,772

     

     

    567,741

     

     

    573,540

     

    Operating income

    15,424

     

     

    29,138

     

     

    19,114

     

     

    17,855

     

    Other income (expense)

     

     

     

     

     

     

     

    Interest expense

    (11,260

    )

     

    (14,142

    )

     

    (22,735

    )

     

    (31,313

    )

    Interest income

    2,865

     

     

    2,954

     

     

    5,719

     

     

    5,854

     

    Other, net

    1,434

     

     

    2,041

     

     

    52

     

     

    (7,717

    )

    Total other income (expense)

    (6,961

    )

     

    (9,147

    )

     

    (16,964

    )

     

    (33,176

    )

    Income (loss) before income taxes

    8,463

     

     

    19,991

     

     

    2,150

     

     

    (15,321

    )

    Income tax expense (benefit)

    1,962

     

     

    5,916

     

     

    (2,406

    )

     

    (4,969

    )

    Net income (loss)

    $

    6,501

     

     

    $

    14,075

     

     

    $

    4,556

     

     

    $

    (10,352

    )

    Income (loss) per common share

     

     

     

     

     

     

     

    Basic

    $

    0.06

     

     

    $

    0.12

     

     

    $

    0.04

     

     

    $

    (0.09

    )

    Diluted

    $

    0.05

     

     

    $

    0.12

     

     

    $

    0.04

     

     

    $

    (0.09

    )

    Weighted average common shares outstanding

     

     

     

     

     

     

     

    Basic

    117,718

     

     

    116,033

     

     

    117,605

     

     

    116,019

     

    Diluted

    119,010

     

     

    117,264

     

     

    118,958

     

     

    116,019

     

    (1) The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.

    ACI WORLDWIDE, INC. AND SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (unaudited and in thousands)

     

     

    Three Months Ended June 30,

     

    Six Months Ended June 30,

     

    2021

     

    2020

     

    2021

     

    2020

    Cash flows from operating activities:

     

     

     

     

     

     

     

    Net income (loss)

    $

    6,501

     

     

    $

    14,075

     

     

    $

    4,556

     

     

    $

    (10,352

    )

    Adjustments to reconcile net income (loss) to net cash flows from operating activities:

     

     

     

     

     

     

     

    Depreciation

    5,292

     

     

    5,927

     

     

    10,708

     

     

    11,752

     

    Amortization

    28,111

     

     

    29,765

     

     

    56,278

     

     

    57,762

     

    Amortization of operating lease right-of-use assets

    2,655

     

     

    5,245

     

     

    5,000

     

     

    8,801

     

    Amortization of deferred debt issuance costs

    1,175

     

     

    1,204

     

     

    2,357

     

     

    2,416

     

    Deferred income taxes

    (3,480

    )

     

    5,671

     

     

    (9,558

    )

     

    (4,742

    )

    Stock-based compensation expense

    7,720

     

     

    7,932

     

     

    14,423

     

     

    14,882

     

    Other

    542

     

     

    1,122

     

     

    436

     

     

    1,772

     

    Changes in operating assets and liabilities:

     

     

     

     

     

     

     

    Receivables

    619

     

     

    (19,646

    )

     

    76,754

     

     

    29,053

     

    Accounts payable

    268

     

     

    12,374

     

     

    (2,540

    )

     

    6,287

     

    Accrued employee compensation

    4,324

     

     

    1,192

     

     

    (8,401

    )

     

    8,177

     

    Deferred revenue

    (7,855

    )

     

    (259

    )

     

    297

     

     

    22,236

     

    Other current and noncurrent assets and liabilities

    (7,779

    )

     

    3,427

     

     

    (42,094

    )

     

    (22,515

    )

    Net cash flows from operating activities

    38,093

     

     

    68,029

     

     

    108,216

     

     

    125,529

     

    Cash flows from investing activities:

     

     

     

     

     

     

     

    Purchases of property and equipment

    (3,729

    )

     

    (7,018

    )

     

    (8,075

    )

     

    (10,615

    )

    Purchases of software and distribution rights

    (7,599

    )

     

    (8,516

    )

     

    (15,652

    )

     

    (15,057

    )

    Net cash flows from investing activities

    (11,328

    )

     

    (15,534

    )

     

    (23,727

    )

     

    (25,672

    )

    Cash flows from financing activities:

     

     

     

     

     

     

     

    Proceeds from issuance of common stock

    596

     

     

    947

     

     

    1,648

     

     

    1,894

     

    Proceeds from exercises of stock options

    4,245

     

     

    722

     

     

    7,044

     

     

    1,122

     

    Repurchase of stock-based compensation awards for tax withholdings

    (590

    )

     

    (151

    )

     

    (14,796

    )

     

    (11,124

    )

    Repurchases of common stock

    (39,411

    )

     

     

     

    (39,411

    )

     

    (28,881

    )

    Proceeds from revolving credit facility

     

     

     

     

     

     

    30,000

     

    Repayment of revolving credit facility

    (15,000

    )

     

    (30,000

    )

     

    (30,000

    )

     

    (69,000

    )

    Repayment of term portion of credit agreement

    (9,737

    )

     

    (9,738

    )

     

    (19,475

    )

     

    (19,475

    )

    Payments on or proceeds from other debt, net

    (4,672

    )

     

    (1,093

    )

     

    (8,272

    )

     

    (4,686

    )

    Net cash flows from financing activities

    (64,569

    )

     

    (39,313

    )

     

    (103,262

    )

     

    (100,150

    )

    Effect of exchange rate fluctuations on cash

    (347

    )

     

    (3,083

    )

     

    (388

    )

     

    8,118

     

    Net increase (decrease) in cash and cash equivalents

    (38,151

    )

     

    10,099

     

     

    (19,161

    )

     

    7,825

     

    Cash and cash equivalents, beginning of period

    184,364

     

     

    119,124

     

     

    165,374

     

     

    121,398

     

    Cash and cash equivalents, end of period

    $

    146,213

     

     

    $

    129,223

     

     

    $

    146,213

     

     

    $

    129,223

     

    Adjusted EBITDA (millions)

    Three Months Ended June 30,

     

    Six Months Ended June 30,

     

    2021

     

    2020

     

    2021

     

    2020

    Net income (loss)

    $

    6.5

     

     

    $

    14.1

     

     

    $

    4.6

     

     

    $

    (10.4

    )

    Plus:

     

     

     

     

     

     

     

    Income tax expense (benefit)

    2.0

     

     

    5.9

     

     

    (2.4

    )

     

    (5.0

    )

    Net interest expense

    8.4

     

     

    11.2

     

     

    17.0

     

     

    25.5

     

    Net other (income) expense

    (1.4

    )

     

    (2.0

    )

     

    (0.1

    )

     

    7.7

     

    Depreciation expense

    5.3

     

     

    5.9

     

     

    10.7

     

     

    11.8

     

    Amortization expense

    28.1

     

     

    29.8

     

     

    56.3

     

     

    57.8

     

    Non-cash stock-based compensation expense

    7.7

     

     

    7.9

     

     

    14.4

     

     

    14.9

     

    Adjusted EBITDA before significant transaction-related expenses

    56.6

     

     

    72.8

     

     

    100.5

     

     

    102.3

     

    Significant transaction-related expenses:

     

     

     

     

     

     

     

    Employee related actions

    2.9

     

     

     

     

    3.7

     

     

    8.2

     

    Facility closures

     

     

    1.8

     

     

     

     

    1.8

     

    Other

    0.5

     

     

    3.2

     

     

    0.9

     

     

    3.5

     

    Adjusted EBITDA

    $

    60.0

     

     

    $

    77.8

     

     

    $

    105.1

     

     

    $

    115.8

     

    Revenue, net of interchange:

     

     

     

     

     

     

     

    Revenue

    $

    301.7

     

     

    $

    299.9

     

     

    $

    586.9

     

     

    $

    591.4

     

    Interchange

    87.5

     

     

    74.8

     

     

    174.8

     

     

    163.6

     

    Revenue, net of interchange

    $

    214.2

     

     

    $

    225.1

     

     

    $

    412.1

     

     

    $

    427.8

     

     

     

     

     

     

     

     

     

    Net Adjusted EBITDA Margin

    28

    %

     

    35

    %

     

    26

    %

     

    27

    %

    Segment Information (millions)

    Three Months Ended June 30,

     

    Six Months Ended June 30,

     

    2021

     

    2020

     

    2021

     

    2020

    Revenue

     

     

     

     

     

     

     

    Banks

    $

    114.1

     

     

    $

    125.4

     

     

    $

    210.0

     

     

    $

    231.2

     

    Merchants

    37.4

     

     

    37.3

     

     

    76.1

     

     

    69.1

     

    Billers

    150.2

     

     

    137.2

     

     

    300.8

     

     

    291.1

     

    Total

    $

    301.7

     

     

    $

    299.9

     

     

    $

    586.9

     

     

    $

    591.4

     

    Recurring Revenue

     

     

     

     

     

     

     

    Banks

    $

    63.6

     

     

    $

    62.2

     

     

    $

    126.0

     

     

    $

    124.8

     

    Merchants

    35.7

     

     

    33.9

     

     

    70.9

     

     

    63.8

     

    Billers

    150.2

     

     

    137.2

     

     

    300.7

     

     

    291.0

     

    Total

    $

    249.5

     

     

    $

    233.3

     

     

    $

    497.6

     

     

    $

    479.6

     

    Segment Adjusted EBITDA

     

     

     

     

     

     

     

    Banks

    $

    54.5

     

     

    $

    68.4

     

     

    $

    91.7

     

     

    $

    110.8

     

    Merchants

    13.0

     

     

    12.8

     

     

    27.8

     

     

    19.3

     

    Billers

    34.6

     

     

    34.3

     

     

    68.6

     

     

    64.5

     

    EPS Impact of Non-cash and Significant Transaction-related Items (millions)

    Three Months Ended June 30,

     

    2021

     

    2020

     

    EPS Impact

     

    $ in Millions

    (Net of Tax)

     

    EPS Impact

     

    $ in Millions

    (Net of Tax)

    GAAP net income

    $

    0.05

     

     

    $

    6.5

     

     

    $

    0.12

     

     

    $

    14.1

     

    Adjusted for:

     

     

     

     

     

     

     

    Significant transaction-related expenses

    0.02

     

     

    2.6

     

     

    0.03

     

     

    3.5

     

    Amortization of acquisition-related intangibles

    0.06

     

     

    7.1

     

     

    0.06

     

     

    7.0

     

    Amortization of acquisition-related software

    0.05

     

     

    6.3

     

     

    0.07

     

     

    8.1

     

    Non-cash stock-based compensation

    0.05

     

     

    5.9

     

     

    0.05

     

     

    6.0

     

    Total adjustments

    0.18

     

     

    21.9

     

     

    0.21

     

     

    24.6

     

    Diluted EPS adjusted for non-cash and significant transaction-related items

    $

    0.23

     

     

    $

    28.4

     

     

    $

    0.33

     

     

    $

    38.7

     

     

     

     

     

     

     

     

     

    EPS Impact of Non-cash and Significant Transaction-related Items (millions)

    Six Months Ended June 30,

     

    2021

     

    2020

     

    EPS Impact

     

    $ in Millions

    (Net of Tax)

     

    EPS Impact

     

    $ in Millions

    (Net of Tax)

    GAAP net income (loss)

    $

    0.04

     

     

    $

    4.6

     

     

    $

    (0.09

    )

     

    $

    (10.4

    )

    Adjusted for:

     

     

     

     

     

     

     

    Significant transaction-related expenses

    0.03

     

     

    3.5

     

     

    0.09

     

     

    10.3

     

    Amortization of acquisition-related intangibles

    0.12

     

     

    14.1

     

     

    0.12

     

     

    14.1

     

    Amortization of acquisition-related software

    0.11

     

     

    13.0

     

     

    0.14

     

     

    16.1

     

    Non-cash stock-based compensation

    0.09

     

     

    11.0

     

     

    0.10

     

     

    11.3

     

    Total adjustments

    0.35

     

     

    41.6

     

     

    0.45

     

     

    51.8

     

    Diluted EPS adjusted for non-cash and significant transaction-related items

    $

    0.39

     

     

    $

    46.2

     

     

    $

    0.36

     

     

    $

    41.4

     

    Recurring Revenue (millions)

    Three Months Ended June 30,

     

    Six Months Ended June 30,

     

    2021

     

    2020

     

    2021

     

    2020

    SaaS and PaaS fees

    $

    196.3

     

     

    $

    180.6

     

     

    $

    392.1

     

     

    $

    373.5

     

    Maintenance fees

    53.2

     

     

    52.7

     

     

    105.5

     

     

    106.0

     

    Recurring Revenue

    $

    249.5

     

     

    $

    233.3

     

     

    $

    497.6

     

     

    $

    479.5

     

    Annual Recurring Revenue (ARR) Bookings (millions)

    Three Months Ended June 30,

     

    Six Months Ended June 30,

     

    2021

     

    2020

     

    2021

     

    2020

    ARR bookings

    $

    17.6

     

     

    $

    21.4

     

     

    $

    27.3

     

     

    $

    34.9

     

     

     



    Business Wire (engl.)
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    ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended June 30, 2021 ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment solutions and software, today announced financial results for the quarter ended June 30, 2021. “We had another solid quarter, coming in at the high end of our …

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