Welcome to our dedicated page for ACI Worldwide news (Ticker: ACIW), a resource for investors and traders seeking the latest updates and insights on ACI Worldwide stock.
ACI Worldwide, Inc. (NASDAQ: ACIW) is a leading provider of mission-critical, real-time payments software solutions. The company offers a comprehensive suite of software and SaaS-based solutions that facilitate electronic payments and enable the industry's most complete omni-channel payments experience. ACI Worldwide powers electronic payments for more than 5,100 organizations globally, including over 1,000 of the largest financial institutions and intermediaries, as well as thousands of leading merchants. The company's software products process transactions for retail banking clients, utilities, healthcare providers, and community banks, facilitating $14 trillion in payments daily.
ACI Worldwide's latest projects include key partnerships and technological advancements, such as the collaboration with RYVYL EU to leverage the ACI Payments Orchestration Platform for improved transaction conversion rates and enhanced customer experiences. Additionally, the extension of its longstanding partnership with Kuvasz Solutions aims to advance the adoption of Colombia's real-time payments ecosystem, signifying ACI's commitment to driving digital payments transformation in Latin America.
Financially robust, ACI Worldwide reported significant growth in Q4 2023, with a total revenue increase of 5% YoY to $477 million, recurring revenue up by 7%, and a net income growth of 36% to $123 million. The company also repurchased 1 million shares for $28 million and expects continued revenue growth of 7-9% in 2024. These figures underscore ACI Worldwide's strong market position and strategic focus on expanding its payment technologies and global footprint.
In addition to its financial achievements, ACI Worldwide continuously enhances its product offerings. Recent advancements include the integration of cutting-edge data-centric security solutions through its partnership with Comforte AG to help clients meet the new PCI DSS v4.0 standards. This commitment to innovation and security ensures that ACI Worldwide remains at the forefront of the evolving payments industry, providing secure, scalable solutions that meet the needs of its diverse customer base.
For more information, visit ACI Worldwide or follow them on Twitter @ACI_Worldwide.
ACI Worldwide announced the protection of over one billion consumers globally through its ACI Fraud Management solution. The shift toward real-time payments has resulted in a 33% increase in consumer digital accounts and a doubling of transactional volumes since 2019. The fraud management solution utilizes advanced machine learning and predictive analytics to combat increasing threats like identity fraud. It is now available as a subscription plan for mid-tier banks on the Microsoft Azure public cloud.
ACI Worldwide (NASDAQ: ACIW) has joined the Fuels Institute and its Electric Vehicle (EV) Council to address issues in the vehicle and fuel markets amid a rise in EV adoption in the U.S. The Fuels Institute aims to prepare the industry for the expected surge in EV charging infrastructure. ACI serves major fuel and convenience merchants, offering solutions like ACI Omni-Commerce for secure omni-channel payments. With the Biden administration's goal of 500,000 EV charging devices by 2030, ACI's participation positions it favorably for future growth opportunities in the expanding EV market.
ACI Worldwide (NASDAQ: ACIW) has partnered with PayPal to enhance digital payment options for its biller clients, including Monroe County Water Authority. This integration allows customers to use PayPal and Venmo for bill payments, responding to the rising preference for digital wallets. A survey indicated that 56% of Gen Z and millennials would consider using such methods for bills. The collaboration aims to address increasing consumer demand for convenient payment solutions, reflecting a shift in the bill payment landscape driven by digitalization.
ACI Worldwide has announced an expanded multi-year strategic alliance with Microsoft to enhance cloud-based payment solutions. This collaboration aims to meet the increasing demand for SaaS payment offerings among financial institutions (FIs), promoting operational efficiency, scalability, and innovative services. ACI is recognized for facilitating cloud modernization in payments, with notable clients including a global top 20 bank and a major digital bank in the US. Analysts from Aite Group emphasize that payments modernization is a priority, with significant revenue at risk if not addressed.
ACI Worldwide (NASDAQ: ACIW) reported Q2 2021 financial results, achieving total revenue of $302 million, up 1% from Q2 2020. Recurring revenue grew 7% to $250 million, with increases across all segments. Despite strong revenue growth, adjusted EBITDA fell to $60 million, a decline from $78 million in the previous year. Notably, net income decreased to $7 million from $14 million in Q2 2020. ACI announced a revenue guidance of $1.335 billion to $1.345 billion for 2021 and reaffirmed adjusted EBITDA expectations of $375 million to $385 million.
ACI Worldwide (NASDAQ: ACIW) announced it will report its financial results for the second quarter of 2021 on August 5, 2021. A conference call will be held at 8:30 am EST to discuss these results. Interested parties can access a real-time webcast via the company’s investor portal. ACI Worldwide is recognized for its real-time digital payment software and solutions, supporting businesses in managing digital transactions, omni-commerce, bill payments, and fraud risk management.
FAQ
What is the current stock price of ACI Worldwide (ACIW)?
What is the market cap of ACI Worldwide (ACIW)?
What does ACI Worldwide do?
Who are ACI Worldwide's customers?
What recent partnerships has ACI Worldwide announced?
How did ACI Worldwide perform financially in Q4 2023?
What are ACI Worldwide's future growth expectations?
How does ACI Worldwide ensure payment security?
What are some of ACI Worldwide's core products?
What is ACI Worldwide's role in the real-time payments market?
How does ACI Worldwide support digital transformation?
Where can I find more information about ACI Worldwide?
