ACI Worldwide, Inc. Reports Financial Results for the Quarter and Full Year Ended December 31, 2021

Rhea-AI Summary

ACI Worldwide reported a strong financial performance for 2021, with total revenue of $1.371 billion, up 6% from 2020, and net income rising 76% to $128 million. The adjusted EBITDA increased to $384 million, a 7% growth year-over-year. In Q4 2021 alone, revenue reached $467 million, marking a 21% increase. ACI's net adjusted EBITDA margin improved to 38%. The company repurchased 3 million shares and increased its repurchase authorization, ending the year with $122 million in cash. For 2022, ACI projects mid-single-digit revenue growth, expecting between $1.415 billion to $1.435 billion in revenue.

Positive

• Revenue increased 6% year-over-year to $1.371 billion.
• Net income rose 76% to $128 million.
• Adjusted EBITDA improved by 7% to $384 million.
• Net adjusted EBITDA margin increased to 38%, up from 37% in 2020.
• Q4 2021 revenue of $467 million was up 21% from Q4 2020.
• Initiated share repurchase program, buying back 3 million shares for $107 million.

Negative

• Biller segment adjusted EBITDA decreased by 5% compared to 2020.
• Significant debt of $1 billion, with a net debt leverage ratio of 2.5x.

2021 HIGHLIGHTS

Revenue of $1.371 billion, up 6% from 2020

Net income of $128 million, up 76% from 2020

Adjusted EBITDA of $384 million, up 7% from 2020

Net adjusted EBITDA margin improved to 38% from 37% in 2020

Repurchased 3 million shares and increased repurchase authorization

MIAMI--(BUSINESS WIRE)-- ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software, announced financial results today for the quarter and full-year ended December 31, 2021.

"2021 was a transformational year for ACI. By achieving the highest organic revenue growth in almost a decade and continuing to expand our margin, we exceeded the Rule of 40 for the first year ever," said Odilon Almeida, president and CEO of ACI Worldwide.

"2022 will be an inflection point for ACI. Our focus will be on cementing the foundation for accelerating growth in the coming years. Our strong cash flow generation and solid balance sheet give us significant financial flexibility to make investments to support short and long-term growth while continuing our share buy-back program."

FINANCIAL SUMMARY

In Q4 2021, revenue was $467 million, up 21% from Q4 2020. Net income was $109 million, up 63% from Q4 2020. Adjusted EBITDA in Q4 2021 was $205 million, up 31% from Q4 2020. Net adjusted EBITDA margin in Q4 2021 was 54% compared to 51% in Q4 2020.

Full-year 2021 total revenue was $1.371 billion, up 6% from 2020, or 5% on a constant currency basis, the highest organic growth in many years. Net income of $128 million, increased 76% compared to $73 million in 2020. Total adjusted EBITDA in 2021 was $384 million compared to $359 million in 2020. Net adjusted EBITDA margin was 38% in 2021, compared to 37% in 2020.

• Bank segment revenue increased 12% and Bank segment adjusted EBITDA increased 13%, versus 2020.
• Merchant segment revenue increased 2% and Merchant segment recurring revenue increased 8%. Merchant segment adjusted EBITDA increased 2%, versus 2020.
• Biller segment revenue increased 1%, and the Biller segment adjusted EBITDA decreased 5%, versus 2020.

ACI ended 2021 with $122 million in cash on hand and a debt balance of $1 billion, which represents a net debt leverage ratio of 2.5x. The company paid down $94 million of debt and repurchased 3 million shares for $107 million during the year. The company has repurchased more than 800 thousand shares for $27 million so far in 2022 and has approximately $190 million remaining on its share repurchase authorization.

2022 GUIDANCE

For the full year of 2022, we expect revenue growth to be in the mid-single-digits on a constant currency basis, or in the range of $1.415 billion to $1.435 billion. We expect adjusted EBITDA to be in a range of $400 million to $415 million with net adjusted EBITDA margin expansion. We expect revenue to be between $310 million to $330 million and adjusted EBITDA of $60 million to $80 million in Q1 2022. This excludes one-time charges to move our European data centers to the public cloud.

THREE-PILLAR STRATEGY UPDATE

1. Fit-for-growth

ACI's Fit for Growth pillar focuses on streamlining its structure and sharpening its go-to-market strategy and execution. The result of these efforts is a more agile and accountable organization – all factors contributing to ACI's momentum today.

As a part of this focus, a 'local boots on the ground' approach across international markets has increased ACI's ability to seize commercial opportunities ahead of the competition, meet different local demands with agility and global scale, and accelerate innovation cycles.

2. Focused-on-growth

ACI has four investment areas as a part of its Focused on Growth pillar, which includes Real-time payments, Sophisticated global merchants, International markets, and the Next Generation Real-time Payments Platform.

Real-Time Payments

ACI continues to invest in its low and high-value real-time solutions. By 2026, more than 25 percent of global digital payments are expected to be through real-time payments.

Sophisticated Global Merchants

ACI's expansion of innovative omni-and eCommerce solutions has led to increased offerings and the signing of large, sophisticated merchants and merchant intermediaries worldwide. Last week, ACI launched an innovative global Buy Now Pay Later solution, enabling access to more than 70 BNPL lenders via a single integration. The innovative user interface—ACI PayAfter—enhances acceptance rates and serves a broader base of credit-worthy customers, boosting merchant sales worldwide.

International Markets

ACI continues to increase its presence across international growth markets with an unrelenting focus on improving its sales pipeline. Latin America, the Middle East, Africa, Asia, and South Pacific are core to this expansion.

Next-Generation Real-Time Payments Platform

ACI is creating the next-generation real-time payments platform that will lead the future of payments for the entire financial ecosystem for decades to come. It will cement the company's global leadership in real-time payments, enable a revolution in payment connectivity and modernize the global payments value chain for leading corporations, fintechs, and financial disruptors.

3. Step-change value creation

ACI's step-change value creation through M&A remains a priority. The company spends significant time reviewing its business portfolio and M&A opportunities to maximize short-and long-term value creation for its shareholders. We continue to evaluate investments and divestiture opportunities across the spectrum.

CONFERENCE CALL TO DISCUSS FINANCIAL RESULTS

Today, management will host a conference call at 8:30 am ET to discuss these results. Interested persons may access a real-time audio broadcast of the teleconference at http://investor.aciworldwide.com/ or use the following numbers for dial-in participation: US/Canada: (866) 914-7436, international: +1 (817) 385-9117. Please provide your name, the company name ACI Worldwide, Inc. and conference code 5592509. A call replay will be available for two weeks on (855) 859-2056 for US/Canada callers and +1 (404) 537-3406 for international participants.

About ACI Worldwide

ACI Worldwide is a global leader in mission-critical, real-time payments software. Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.

© Copyright ACI Worldwide, Inc. 2022.

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: (i) expectations that 2022 will be an inflection point for ACI, (ii) expectations that our strong cash flow generation and solid balance sheet give us significant financial flexibility to make investments to support short and long-term growth while continuing our share buy-back program, (iii) expectations regarding full year 2022 revenue, adjusted EBITDA, net adjusted EBITDA margin, and Q1 2022 revenue and adjusted EBITDA, (iv) expectations that ACI's Fit for Growth strategy will result in a more agile and accountable organization and that our 'local boots on the ground' approach across international markets has increased ACI's ability to seize commercial opportunities ahead of the competition, meet different local demands with agility and global scale, and accelerate innovation cycles, (v) expectations that by 2026, more than 25% of global digital payments are expected to be through real-time payments, and (vi) expectations that ACI's creation of the next-generation real-time payments platform will lead the future of payments for the entire financial ecosystem for decades to come, and that it will cement the company's global leadership in real-time payments, enable a revolution in payment connectivity and modernize the global payments value chain for leading corporations, fintechs, and financial disruptors.

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, increased competition, business interruptions or failure of our information technology and communication systems, security breaches or viruses, our ability to attract and retain senior management personnel and skilled technical employees, future acquisitions, strategic partnerships and investments, implementation and success of our 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, our involvement in investigations, lawsuits and other expense and time-consuming legal proceedings, 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, the COVID-19 pandemic, and 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 CONSOLIDATED BALANCE SHEETS (unaudited and in thousands, except share and per share amounts)
	December 31,
		2021				2020
ASSETS
Current assets
Cash and cash equivalents	$	122,059			$	165,374
Receivables, net of allowances		320,405				342,879
Settlement assets		452,396				605,008
Prepaid expenses		24,698				24,288
Other current assets		17,876				17,365
Total current assets		937,434				1,154,914
Noncurrent assets
Accrued receivables, net		276,164				215,772
Property and equipment, net		63,050				64,734
Operating lease right-of-use assets		47,825				41,243
Software, net		157,782				196,456
Goodwill		1,280,226				1,280,226
Intangible assets, net		283,004				321,983
Deferred income taxes, net		50,778				57,476
Other noncurrent assets		62,478				54,099
TOTAL ASSETS	$	3,158,741			$	3,386,903
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$	41,312			$	41,223
Settlement liabilities		451,575				604,096
Employee compensation		51,379				48,560
Current portion of long-term debt		45,870				34,265
Deferred revenue		84,425				95,849
Other current liabilities		79,594				81,612
Total current liabilities		754,155				905,605
Noncurrent liabilities
Deferred revenue		25,925				33,564
Long-term debt		1,019,872				1,120,742
Deferred income taxes, net		36,122				40,504
Operating lease liabilities		43,346				39,958
Other noncurrent liabilities		34,544				39,933
Total liabilities		1,913,964				2,180,306
Stockholders’ equity
Preferred stock		—				—
Common stock		702				702
Additional paid-in capital		688,313				682,431
Retained earnings		1,131,281				1,003,490
Treasury stock		(475,972	)			(387,581	)
Accumulated other comprehensive loss		(99,547	)			(92,445	)
Total stockholders’ equity		1,244,777				1,206,597
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	3,158,741			$	3,386,903

ACI WORLDWIDE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited and in thousands, except per share amounts)
	Three Months Ended December 31,								Years Ended December 31,
		2021				2020				2021				2020
Revenues
Software as a service and platform as a service	$	190,812			$	205,288			$	774,342			$	769,180
License		209,484				111,858				319,867				246,896
Maintenance		51,462				52,619				210,499				211,697
Services		15,071				17,279				65,890				66,549
Total revenues		466,829				387,044				1,370,598				1,294,322
Operating expenses
Cost of revenue (1)		162,060				150,697				638,871				622,459
Research and development		39,519				31,118				144,310				139,293
Selling and marketing		36,328				26,875				126,539				103,567
General and administrative		34,372				49,784				123,801				152,468
Depreciation and amortization		31,746				32,863				127,180				131,791
Total operating expenses		304,025				291,337				1,160,701				1,149,578
Operating income		162,804				95,707				209,897				144,744
Other income (expense)
Interest expense		(11,117	)			(12,392	)			(45,060	)			(56,630	)
Interest income		2,969				2,847				11,522				11,628
Other, net		(258	)			5,245				(1,294	)			(1,116	)
Total other income (expense)		(8,406	)			(4,300	)			(34,832	)			(46,118	)
Income before income taxes		154,398				91,407				175,065				98,626
Income tax expense		44,927				24,261				47,274				25,966
Net income	$	109,471			$	67,146			$	127,791			$	72,660
Income per common share
Basic	$	0.94			$	0.57			$	1.09			$	0.62
Diluted	$	0.93			$	0.56			$	1.08			$	0.62
Weighted average common shares outstanding
Basic		116,912				116,934				117,407				116,397
Diluted		118,141				119,375				118,647				118,079

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

ACI WORLDWIDE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited and in thousands)
	Three Months Ended December 31,								Years Ended December 31,
		2021				2020				2021				2020
Cash flows from operating activities:
Net income	$	109,471			$	67,146			$	127,791			$	72,660
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation		5,062				6,716				20,900				24,728
Amortization		27,965				28,596				112,493				115,588
Amortization of operating lease right-of-use assets		2,763				9,303				10,515				23,448
Amortization of deferred debt issuance costs		1,160				1,189				4,685				4,802
Deferred income taxes		15,475				13,889				3,733				3,349
Stock-based compensation expense		6,452				6,659				27,242				29,602
Other		882				1,678				855				6,017
Changes in operating assets and liabilities, net of impact of acquisitions:
Receivables		(99,783	)			(32,468	)			(43,830	)			8,793
Accounts payable		6,488				804				1,408				2,484
Accrued employee compensation		4,814				4,906				3,674				18,491
Deferred revenue		(27,671	)			(4,940	)			(17,332	)			9,421
Other current and noncurrent assets and liabilities		22,913				14,806				(31,661	)			(4,488	)
Net cash flows from operating activities		75,991				118,284				220,473				314,895
Cash flows from investing activities:
Purchases of property and equipment		(7,614	)			(3,713	)			(20,582	)			(17,804	)
Purchases of software and distribution rights		(4,745	)			(7,273	)			(24,786	)			(28,829	)
Other		—				15,934				—				15,934
Net cash flows from investing activities		(12,359	)			4,948				(45,368	)			(30,699	)
Cash flows from financing activities:
Proceeds from issuance of common stock		914				906				3,440				3,759
Proceeds from exercises of stock options		1,610				5,406				8,862				11,924
Repurchase of stock-based compensation awards for tax withholdings		—				(418	)			(14,833	)			(11,568	)
Repurchases of common stock		(67,967	)			—				(107,378	)			(28,881	)
Proceeds from revolving credit facility		35,000				—				35,000				30,000
Repayment of revolving credit facility		(35,000	)			(105,000	)			(90,000	)			(214,000	)
Repayment of term portion of credit agreement		(9,738	)			(9,738	)			(38,950	)			(38,950	)
Payments on or proceeds from other debt, net		(4,998	)			(3,810	)			(15,185	)			(13,854	)
Net increase (decrease) in settlement assets and liabilities		17,635				85,587				(37,834	)			101,681
Net cash flows from financing activities		(62,544	)			(27,067	)			(256,878	)			(159,889	)
Effect of exchange rate fluctuations on cash		449				(5,009	)			533				(57	)
Net increase (decrease) in cash and cash equivalents		1,537				91,156				(81,240	)			124,250
Cash and cash equivalents, including settlement deposits, beginning of period		182,605				174,226				265,382				141,132
Cash and cash equivalents, including settlement deposits, end of period	$	184,142			$	265,382			$	184,142			$	265,382
Reconciliation of cash and cash equivalents to the Consolidated Balance Sheets
Cash and cash equivalents	$	122,059			$	165,374			$	122,059			$	165,374
Settlement deposits		62,083				100,008				62,083				100,008
Total cash and cash equivalents	$	184,142			$	265,382			$	184,142			$	265,382

(1) We revised the consolidated statements of cash flows presentation to include cash and cash equivalents within settlement assets as a component of total cash and cash equivalents. We have revised the 2020 presentation for comparability purposes.

Adjusted EBITDA (millions)	Three Months Ended December 31,								Years Ended December 31,
		2021				2020				2021				2020
Net income	$	109.5			$	67.1			$	127.8			$	72.7
Plus:
Income tax expense		44.9				24.3				47.3				26.0
Net interest expense		8.1				9.5				33.5				45.0
Net other (income) expense		0.3				(5.2	)			1.3				1.1
Depreciation expense		5.1				6.7				20.9				24.7
Amortization expense		28.0				28.6				112.5				115.6
Non-cash stock-based compensation expense		6.4				6.7				27.2				29.6
Adjusted EBITDA before significant transaction-related expenses	$	202.3			$	137.7			$	370.5			$	314.7
Significant transaction-related expenses:
Employee related actions		2.2				11.0				10.3				24.3
Facility closures		—				6.5				—				10.2
Other		0.6				1.4				3.1				10.1
Adjusted EBITDA	$	205.1			$	156.6			$	383.9			$	359.3
Revenue, net of interchange:
Revenue	$	466.8			$	387.0			$	1,370.6			$	1,294.3
Interchange		90.0				82.5				352.7				334.3
Revenue, net of interchange	$	376.8			$	304.5			$	1,017.9			$	960.0
Net adjusted EBITDA Margin		54	%			51	%			38	%			37	%

Segment Information (millions)	Three Months Ended December 31,						Years Ended December 31,
	2021			2020			2021			2020
Revenue
Banks	$	283.4		$	201.6		$	625.1		$	558.5
Merchants		37.9			39.5			153.0			149.3
Billers		145.5			145.9			592.5			586.5
Total	$	466.8		$	387.0		$	1,370.6		$	1,294.3
Recurring revenue
Banks	$	61.0		$	76.7		$	250.6		$	263.7
Merchants		35.8			35.3			141.8			130.8
Billers		145.5			145.9			592.4			586.4
Total	$	242.3		$	257.9		$	984.8		$	980.9
Segment adjusted EBITDA
Banks	$	213.6		$	148.9		$	372.9		$	331.4
Merchants		12.3			15.2			54.3			53.4
Billers		28.4			36.7			129.0			135.1

EPS Impact of Non-cash and Significant Transaction-related Items (millions)	Three Months Ended December 31,
	2021						2020
	EPS Impact			$ in Millions (Net of Tax)			EPS Impact			$ in Millions (Net of Tax)
GAAP net income	$	0.93		$	109.5		$	0.56		$	67.1
Adjusted for:
Significant transaction-related expenses		0.02			2.1			0.12			14.5
Amortization of acquisition-related intangibles		0.06			7.0			0.06			7.0
Amortization of acquisition-related software		0.05			5.5			0.06			7.5
Non-cash stock-based compensation		0.04			4.9			0.04			5.1
Total adjustments	$	0.17		$	19.5		$	0.28		$	34.1
Diluted EPS adjusted for non-cash and significant transaction-related items	$	1.10		$	129.0		$	0.84		$	101.2

EPS Impact of Non-cash and Significant Transaction-related Items (millions)	Years Ended December 31,
	2021						2020
	EPS Impact			$ in Millions (Net of Tax)			EPS Impact			$ in Millions (Net of Tax)
GAAP net income	$	1.08		$	127.8		$	0.62		$	72.7
Adjusted for:
Significant transaction-related expenses		0.09			10.2			0.29			34.2
Amortization of acquisition-related intangibles		0.24			28.1			0.24			28.2
Amortization of acquisition-related software		0.21			24.6			0.27			31.8
Non-cash stock-based compensation		0.17			20.7			0.19			22.5
Total adjustments	$	0.71		$	83.6		$	0.99		$	116.7
Diluted EPS adjusted for non-cash and significant transaction-related items	$	1.79		$	211.4		$	1.61		$	189.4

Recurring Revenue (millions)	Three Months Ended December 31,						Years Ended December 31,
	2021			2020			2021			2020
SaaS and PaaS fees	$	190.8		$	205.3		$	774.3		$	769.2
Maintenance fees		51.5			52.6			210.5			211.7
Recurring revenue	$	242.3		$	257.9		$	984.8		$	980.9

Annual Recurring Revenue (ARR) Bookings (millions)	Three Months Ended December 31,						Years Ended December 31,
	2021			2020			2021			2020
ARR bookings	$	31.8		$	39.8		$	81.5		$	89.7

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220224005228/en/

Investor Relations:

John Kraft

SVP, Head of Strategy and Finance

239-403-4627 / john.kraft@aciworldwide.com

Source: ACI Worldwide, Inc.

FAQ

What were ACI Worldwide's revenue and income figures for 2021?

ACI Worldwide reported a total revenue of $1.371 billion and a net income of $128 million for 2021.

What is ACI Worldwide's revenue guidance for 2022?

For 2022, ACI expects revenue growth in the mid-single-digits, estimating revenue between $1.415 billion and $1.435 billion.

How much did ACI Worldwide invest in share repurchase programs in 2021?

In 2021, ACI repurchased 3 million shares for $107 million and has $190 million remaining on its share repurchase authorization.

What was ACI Worldwide's adjusted EBITDA for Q4 2021?

ACI Worldwide reported an adjusted EBITDA of $205 million for Q4 2021, up 31% from the previous year.

What are the major focus areas for ACI Worldwide's growth strategy?

ACI's major focus areas include real-time payments, global merchant solutions, international market expansion, and next-generation real-time payment platforms.