ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended June 30, 2009
ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended June 30, 2009
August 6, 2009
(NEW YORK — August 6, 2009) — ACI Worldwide, Inc. (NASDAQ:ACIW), a leading international provider of electronic payments software and solutions, today announced financial results for the period ended June 30, 2009. We will hold a conference call on August 6, 2009, at 8.30 a.m. EDT to discuss this information. Interested persons may also access a real-time audio broadcast of the teleconference at www.aciworldwide.com/investors.
Operating Highlights
- Achieved Operating Free Cash Flow (“OFCF”) of $13.6 million, a rise of $24.5 million over prior year
- Achieved operating expense improvement of $17.6 million or 16%
- Achieved recurring revenue growth of $1.5 million
- Repurchased 1 million shares in the quarter for approximately $15 million
- Since quarter end, renewed former large US bank PUF as standard ILF/annuity contract; in July we have achieved “go live” with two large BASE24-eps™ and three large ACI Money Transfer System™ deals in Western Europe and the US