ACI Worldwide, Inc. (ACIW) Tops Q3 EPS by 28c, Revenues Beat; Boosts FY18 Revenue Guidance Above Consensus

ACI Worldwide, Inc. (NASDAQ: ACIW) reported Q3 EPS of $0.26, $0.28 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $245.53 million versus the consensus estimate of $233.19 million.

“With Q3 revenue growth of 9% and adjusted EBITDA growth of 28%, both exceeding our expectations, we are pleased to raise our full year 2018 outlook,” commented Phil Heasley, President and CEO, ACI Worldwide. “Renewal activity was strong and contributed to total bookings growth of 37%. Importantly, we are seeing nearly 100% adoption of our newer UP solutions. With an exciting pipeline of new business, including notable Immediate Payments activity, we remain confident regarding our opportunity.”

GUIDANCE:

ACI Worldwide, Inc. sees FY2018 revenue of $1.05-1.075 billion, versus the consensus of $1.04 billion.

For earnings history and earnings-related data on ACI Worldwide, Inc. (ACIW) click here.

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