ACI Worldwide, Inc. (ACIW) Misses Q1 EPS by 11c

ACI Worldwide, Inc. (NASDAQ: ACIW) reported Q1 EPS of ($0.21), $0.11 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $291 million versus the consensus estimate of $293.76 million.

GUIDANCE

While a significant portion of our revenues are recurring and we are optimistic about our pipeline of deals, the duration and severity of the outbreak of COVID-19 has caused uncertainty regarding the timing of signing and realizing revenue from new business. As previously announced, we have suspended guidance regarding our financial outlook for the full year 2020. We have taken actions and continue to evaluate additional options to reduce expenses and minimize the impact of COVID-19.

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

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