ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended March 31, 2012
(NEW YORK — May 3, 2012) — ACI Worldwide, Inc. (NASDAQ:ACIW), a leading international provider of payment systems, today announced financial results for the period ended March 31, 2012. We will hold a conference call on May 3, 2012, at 8:30 a.m. EST to discuss this information. Interested persons may also access a real-time audio broadcast of the teleconference at www.aciworldwide.com/investors.
"ACI had a solid first quarter. Revenue from backlog grew 34% over prior-year as we concluded service implementations and added higher recurring maintenance and hosting revenues to our predictable business model," said Chief Executive Officer Philip Heasley. "We also closed the S1 acquisition in mid-February and effected cost savings by the end of the first quarter which will amount to $33 million on an annualized basis. We remain excited about cross-selling opportunities that lie ahead of us now that the former S1 employees have joined the ACI family."
Operating highlights
- 60-month backlog increased approximately $700 million largely due to the S1 acquisition
- Non-GAAP operating income increased $10.2 million or 135%
- Non-GAAP revenue increased $37.4 million, or 36%, over first quarter 2011
- $33 million of annualized cost synergies achieved, 10% more than plan
- Reaffirmation of full year guidance
Contact details
Tamar Gerber, Vice President, Investor Relations & Financial Communications
ACI Worldwide
+1 402 778 1990
invrel@aciworldwide.com
