ACI Worldwide reports Q1 EPS (7c), consensus (18c)

Reports Q1 revenue $316M, consensus $306.26M. Recurring revenue of $264M represented 83% of total revenue in the quarter. “Q1 results exceeded our expectations, and we are increasing the high end of our full year targets,” said Thomas Warsop, CEO. “We continue to see strength in the Bank segment, particularly in our Real-Time Payments and Fraud Management solutions, which both grew more than 20% in the quarter. Overall, we are pleased to have delivered on our commitments in the quarter, with strong results across key financial metrics, including revenue and adjusted EBITDA growth and operating cash flow generation. Looking forward, our pipeline continues to strengthen, we are focused on the execution of our strategy, and we are confident in our ability to capitalize on the significant opportunities in front of us.”