ACI Worldwide, Inc. Reports Financial Results for the Quarter and Full Year Ended December 31, 2024
2024 HIGHLIGHTS
-
Total revenue of
$1.59 4 billion10% -
Net income of
$203 million 67% -
Total adjusted EBITDA of
$466 million 18% -
Cash flow from operating activities of
$359 million 113% -
Expect 7
-9% revenue growth in 2025
"We are proud to have finished 2024 with stronger results than we expected across our key financial metrics, and that strength has continued as we start 2025. In 2024, we grew revenue
“Building on our momentum and track record of success, we are entering 2025 from a position of strength, both financially and operationally,” Warsop added. “We are confident in our ability to continue driving strong financial performance and focused on increasing shareholder value.”
FINANCIAL SUMMARY
Full-year 2024 total revenue was
-
Bank segment revenue increased
14% and Bank segment adjusted EBITDA increased20% versus 2023. -
Merchant segment revenue increased
10% and Merchant segment adjusted EBITDA increased57% versus 2023. -
Biller segment revenue increased
6% and Biller segment adjusted EBITDA decreased8% versus 2023 due to certain one-time margin benefits that did not recur in 2024.
ACI ended 2024 with
Q1 AND FULL-YEAR 2025 GUIDANCE
For the full year of 2025, we expect revenue growth to be in the
CONFERENCE CALL TO DISCUSS FINANCIAL RESULTS
Today, management will host a conference call at 8:30 a.m. 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 number for dial-in participation: toll-free 1 (888) 660-6377 and conference code 3153574.
About ACI Worldwide
ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With nearly 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.
© Copyright ACI Worldwide, Inc. 2025
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
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.
- ARR: New annual recurring revenue expected to be generated from new accounts, new applications, and add-on sales bookings contracts signed in the period.
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) our strength continuing as we start 2025, (ii) our execution on the strategy we launched in 2024 to become the global leader in Intelligent Payments Orchestration, (iii) building on our momentum and track record of success, we are entering 2025 from a position of strength, both financially and operationally, (iv) we are confident in our ability to continue driving strong financial performance and focused on increasing shareholder value, and (v) Q1 2025 and full-year 2025 revenue and adjusted EBITDA financial guidance.
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, cybersecurity incidents or failure of our information technology and communication systems, security breaches, our ability to attract and retain senior management personnel and skilled technical employees, future acquisitions, strategic partnerships and investments, divestitures and other restructuring activities, implementation and success of our 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, loss caused by theft or fraud, customer reluctance to switch to a new vendor, our ability to adequately defend our intellectual property, litigation, consent orders and other compliance agreements, our offshore software development activities, risks from operating internationally, including fluctuations in currency exchange rates, events in eastern
ACI WORLDWIDE, INC. AND SUBSIDIARIES |
|||||||
CONSOLIDATED BALANCE SHEETS |
|||||||
(unaudited and in thousands) |
|||||||
|
December 31, |
||||||
|
2024 |
|
2023 |
||||
ASSETS |
|
|
|
||||
Current assets |
|
|
|
||||
Cash and cash equivalents |
$ |
216,394 |
|
|
$ |
164,239 |
|
Receivables, net of allowances |
|
414,399 |
|
|
|
452,337 |
|
Settlement assets |
|
318,871 |
|
|
|
723,039 |
|
Prepaid expenses |
|
29,218 |
|
|
|
31,479 |
|
Other current assets |
|
11,940 |
|
|
|
35,551 |
|
Total current assets |
|
990,822 |
|
|
|
1,406,645 |
|
Noncurrent assets |
|
|
|
||||
Accrued receivables, net |
|
360,079 |
|
|
|
313,983 |
|
Property and equipment, net |
|
35,069 |
|
|
|
37,856 |
|
Operating lease right-of-use assets |
|
28,864 |
|
|
|
34,338 |
|
Software, net |
|
92,893 |
|
|
|
108,418 |
|
Goodwill |
|
1,226,026 |
|
|
|
1,226,026 |
|
Intangible assets, net |
|
165,377 |
|
|
|
195,646 |
|
Deferred income taxes, net |
|
72,713 |
|
|
|
58,499 |
|
Other noncurrent assets |
|
53,450 |
|
|
|
63,328 |
|
TOTAL ASSETS |
$ |
3,025,293 |
|
|
$ |
3,444,739 |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
||||
Current liabilities |
|
|
|
||||
Accounts payable |
$ |
45,422 |
|
|
$ |
45,964 |
|
Settlement liabilities |
|
317,484 |
|
|
|
721,164 |
|
Employee compensation |
|
55,567 |
|
|
|
53,892 |
|
Current portion of long-term debt |
|
34,928 |
|
|
|
74,405 |
|
Deferred revenue |
|
75,419 |
|
|
|
59,580 |
|
Other current liabilities |
|
73,808 |
|
|
|
82,244 |
|
Total current liabilities |
|
602,628 |
|
|
|
1,037,249 |
|
Noncurrent liabilities |
|
|
|
||||
Deferred revenue |
|
19,304 |
|
|
|
24,780 |
|
Long-term debt |
|
889,649 |
|
|
|
963,599 |
|
Deferred income taxes, net |
|
39,920 |
|
|
|
40,735 |
|
Operating lease liabilities |
|
22,592 |
|
|
|
29,074 |
|
Other noncurrent liabilities |
|
26,873 |
|
|
|
25,005 |
|
Total liabilities |
|
1,600,966 |
|
|
|
2,120,442 |
|
Stockholders’ equity |
|
|
|
||||
Preferred stock |
|
— |
|
|
|
— |
|
Common stock |
|
702 |
|
|
|
702 |
|
Additional paid-in capital |
|
731,927 |
|
|
|
712,994 |
|
Retained earnings |
|
1,598,085 |
|
|
|
1,394,967 |
|
Treasury stock |
|
(784,914 |
) |
|
|
(674,896 |
) |
Accumulated other comprehensive loss |
|
(121,473 |
) |
|
|
(109,470 |
) |
Total stockholders’ equity |
|
1,424,327 |
|
|
|
1,324,297 |
|
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
$ |
3,025,293 |
|
|
$ |
3,444,739 |
|
ACI WORLDWIDE, INC. AND SUBSIDIARIES |
|||||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS |
|||||||||||||||
(unaudited and in thousands, except per share amounts) |
|||||||||||||||
|
Three Months Ended
|
|
Years Ended December 31, |
||||||||||||
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Revenues |
|
|
|
|
|
|
|
||||||||
Software as a service and platform as a service |
$ |
223,481 |
|
|
$ |
223,172 |
|
|
$ |
897,979 |
|
|
$ |
849,147 |
|
License |
|
159,322 |
|
|
|
178,543 |
|
|
|
412,306 |
|
|
|
321,224 |
|
Maintenance |
|
46,717 |
|
|
|
51,632 |
|
|
|
190,763 |
|
|
|
205,068 |
|
Services |
|
23,518 |
|
|
|
23,216 |
|
|
|
93,240 |
|
|
|
77,140 |
|
Total revenues |
|
453,038 |
|
|
|
476,563 |
|
|
|
1,594,288 |
|
|
|
1,452,579 |
|
Operating expenses |
|
|
|
|
|
|
|
||||||||
Cost of revenue (1) |
|
200,087 |
|
|
|
181,689 |
|
|
|
791,783 |
|
|
|
719,211 |
|
Research and development |
|
38,614 |
|
|
|
34,636 |
|
|
|
146,677 |
|
|
|
140,758 |
|
Selling and marketing |
|
34,360 |
|
|
|
34,473 |
|
|
|
118,352 |
|
|
|
132,639 |
|
General and administrative |
|
33,437 |
|
|
|
24,515 |
|
|
|
118,379 |
|
|
|
117,190 |
|
Depreciation and amortization |
|
24,252 |
|
|
|
28,934 |
|
|
|
110,962 |
|
|
|
122,373 |
|
Total operating expenses |
|
330,750 |
|
|
|
304,247 |
|
|
|
1,286,153 |
|
|
|
1,232,171 |
|
Operating income |
|
122,288 |
|
|
|
172,316 |
|
|
|
308,135 |
|
|
|
220,408 |
|
Other income (expense) |
|
|
|
|
|
|
|
||||||||
Interest expense |
|
(16,634 |
) |
|
|
(19,845 |
) |
|
|
(72,471 |
) |
|
|
(78,486 |
) |
Interest income |
|
4,093 |
|
|
|
3,757 |
|
|
|
15,926 |
|
|
|
14,215 |
|
Other, net |
|
511 |
|
|
|
(2,107 |
) |
|
|
(1,181 |
) |
|
|
(8,510 |
) |
Total other income (expense) |
|
(12,030 |
) |
|
|
(18,195 |
) |
|
|
(57,726 |
) |
|
|
(72,781 |
) |
Income before income taxes |
|
110,258 |
|
|
|
154,121 |
|
|
|
250,409 |
|
|
|
147,627 |
|
Income tax expense |
|
11,703 |
|
|
|
31,505 |
|
|
|
47,291 |
|
|
|
26,118 |
|
Net income |
$ |
98,555 |
|
|
$ |
122,616 |
|
|
$ |
203,118 |
|
|
$ |
121,509 |
|
Income per common share |
|
|
|
|
|
|
|
||||||||
Basic |
$ |
0.94 |
|
|
$ |
1.13 |
|
|
$ |
1.93 |
|
|
$ |
1.12 |
|
Diluted |
$ |
0.93 |
|
|
$ |
1.12 |
|
|
$ |
1.91 |
|
|
$ |
1.12 |
|
Weighted average common shares outstanding |
|
|
|
|
|
|
|
||||||||
Basic |
|
105,104 |
|
|
|
108,703 |
|
|
|
105,491 |
|
|
|
108,497 |
|
Diluted |
|
106,318 |
|
|
|
109,147 |
|
|
|
106,493 |
|
|
|
108,857 |
|
(1) The cost of revenue excludes charges for depreciation and amortization.
ACI WORLDWIDE, INC. AND SUBSIDIARIES |
|||||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS |
|||||||||||||||
(unaudited and in thousands) |
|||||||||||||||
|
Three Months Ended December 31, |
|
Years Ended
|
||||||||||||
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Cash flows from operating activities: |
|
|
|
|
|
|
|
||||||||
Net income |
$ |
98,555 |
|
|
$ |
122,616 |
|
|
$ |
203,118 |
|
|
$ |
121,509 |
|
Adjustments to reconcile net income to net cash flows from operating activities: |
|
|
|
|
|
|
|
||||||||
Depreciation |
|
3,162 |
|
|
|
5,017 |
|
|
|
18,161 |
|
|
|
23,739 |
|
Amortization |
|
21,090 |
|
|
|
23,918 |
|
|
|
92,801 |
|
|
|
98,634 |
|
Amortization of operating lease right-of-use assets |
|
2,369 |
|
|
|
2,430 |
|
|
|
9,706 |
|
|
|
11,620 |
|
Amortization of deferred debt issuance costs |
|
655 |
|
|
|
908 |
|
|
|
2,912 |
|
|
|
4,323 |
|
Deferred income taxes |
|
(10,901 |
) |
|
|
21,122 |
|
|
|
(13,130 |
) |
|
|
(4,085 |
) |
Stock-based compensation expense |
|
11,116 |
|
|
|
7,010 |
|
|
|
41,281 |
|
|
|
24,547 |
|
Other |
|
1,740 |
|
|
|
(247 |
) |
|
|
1,920 |
|
|
|
1,921 |
|
Changes in operating assets and liabilities, net of impact of divestiture: |
|
|
|
|
|
|
|
||||||||
Receivables |
|
(27,282 |
) |
|
|
(105,010 |
) |
|
|
(23,583 |
) |
|
|
(62,998 |
) |
Accounts payable |
|
(1,026 |
) |
|
|
3,423 |
|
|
|
(268 |
) |
|
|
(3,775 |
) |
Accrued employee compensation |
|
14,012 |
|
|
|
11,025 |
|
|
|
2,887 |
|
|
|
8,146 |
|
Deferred revenue |
|
10,002 |
|
|
|
(1,699 |
) |
|
|
11,886 |
|
|
|
2,705 |
|
Other current and noncurrent assets and liabilities |
|
2,990 |
|
|
|
(4,770 |
) |
|
|
11,057 |
|
|
|
(57,769 |
) |
Net cash flows from operating activities |
|
126,482 |
|
|
|
85,743 |
|
|
|
358,748 |
|
|
|
168,517 |
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
||||||||
Purchases of property and equipment |
|
(6,939 |
) |
|
|
(968 |
) |
|
|
(15,402 |
) |
|
|
(8,924 |
) |
Purchases of software and distribution rights |
|
(6,471 |
) |
|
|
(6,282 |
) |
|
|
(29,649 |
) |
|
|
(28,853 |
) |
Net cash flows from investing activities |
|
(13,410 |
) |
|
|
(7,250 |
) |
|
|
(45,051 |
) |
|
|
(37,777 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
|
||||||||
Proceeds from issuance of common stock |
|
789 |
|
|
|
697 |
|
|
|
2,918 |
|
|
|
2,819 |
|
Proceeds from exercises of stock options |
|
4,375 |
|
|
|
3,594 |
|
|
|
6,329 |
|
|
|
6,726 |
|
Repurchase of stock-based compensation awards for tax withholdings |
|
(3,812 |
) |
|
|
(946 |
) |
|
|
(13,111 |
) |
|
|
(5,149 |
) |
Repurchases of common stock |
|
— |
|
|
|
(27,587 |
) |
|
|
(127,670 |
) |
|
|
(27,587 |
) |
Proceeds from revolving credit facility |
|
— |
|
|
|
59,000 |
|
|
|
184,000 |
|
|
|
134,000 |
|
Repayment of revolving credit facility |
|
(61,000 |
) |
|
|
(64,000 |
) |
|
|
(238,000 |
) |
|
|
(115,000 |
) |
Proceeds from term portion of credit agreement |
|
— |
|
|
|
— |
|
|
|
500,000 |
|
|
|
— |
|
Repayment of term portion of credit agreement |
|
(9,375 |
) |
|
|
(19,475 |
) |
|
|
(557,198 |
) |
|
|
(73,031 |
) |
Payments on or proceeds from other debt, net |
|
(5,555 |
) |
|
|
(4,293 |
) |
|
|
(14,854 |
) |
|
|
(16,766 |
) |
Payments for debt issuance costs |
|
— |
|
|
|
— |
|
|
|
(5,141 |
) |
|
|
(2,160 |
) |
Net decrease in settlement assets and liabilities |
|
(43,174 |
) |
|
|
(10,769 |
) |
|
|
(25,470 |
) |
|
|
(15,404 |
) |
Net cash flows from financing activities |
|
(117,752 |
) |
|
|
(63,779 |
) |
|
|
(288,197 |
) |
|
|
(111,552 |
) |
Effect of exchange rate fluctuations on cash |
|
1,028 |
|
|
|
573 |
|
|
|
697 |
|
|
|
4,961 |
|
Net increase (decrease) in cash and cash equivalents |
|
(3,652 |
) |
|
|
15,287 |
|
|
|
26,197 |
|
|
|
24,149 |
|
Cash and cash equivalents, including settlement deposits, beginning of period |
|
268,670 |
|
|
|
223,534 |
|
|
|
238,821 |
|
|
|
214,672 |
|
Cash and cash equivalents, including settlement deposits, end of period |
$ |
265,018 |
|
|
$ |
238,821 |
|
|
$ |
265,018 |
|
|
$ |
238,821 |
|
Reconciliation of cash and cash equivalents to the Consolidated Balance Sheets |
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents |
$ |
216,394 |
|
|
$ |
164,239 |
|
|
$ |
216,394 |
|
|
$ |
164,239 |
|
Settlement deposits |
|
48,624 |
|
|
|
74,582 |
|
|
|
48,624 |
|
|
|
74,582 |
|
Total cash and cash equivalents |
$ |
265,018 |
|
|
$ |
238,821 |
|
|
$ |
265,018 |
|
|
$ |
238,821 |
|
Adjusted EBITDA (millions) |
Three Months Ended
|
|
Years Ended
|
||||||||||||
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Net income |
$ |
98.6 |
|
|
$ |
122.6 |
|
|
$ |
203.1 |
|
|
$ |
121.5 |
|
Plus: |
|
|
|
|
|
|
|
||||||||
Income tax expense |
|
11.7 |
|
|
|
31.5 |
|
|
|
47.3 |
|
|
|
26.1 |
|
Net interest expense |
|
12.5 |
|
|
|
16.1 |
|
|
|
56.5 |
|
|
|
64.3 |
|
Net other (income) expense |
|
(0.5 |
) |
|
|
2.1 |
|
|
|
1.2 |
|
|
|
8.5 |
|
Depreciation expense |
|
3.2 |
|
|
|
5.0 |
|
|
|
18.2 |
|
|
|
23.7 |
|
Amortization expense |
|
21.1 |
|
|
|
23.9 |
|
|
|
92.8 |
|
|
|
98.6 |
|
Non-cash stock-based compensation expense |
|
11.1 |
|
|
|
7.0 |
|
|
|
41.3 |
|
|
|
24.5 |
|
Adjusted EBITDA before significant transaction-related expenses |
$ |
157.7 |
|
|
$ |
208.2 |
|
|
$ |
460.4 |
|
|
$ |
367.2 |
|
Significant transaction-related expenses: |
|
|
|
|
|
|
|
||||||||
Cost reduction strategies |
|
— |
|
|
|
1.3 |
|
|
|
4.3 |
|
|
|
21.0 |
|
European datacenter migration |
|
— |
|
|
|
0.2 |
|
|
|
— |
|
|
|
2.8 |
|
Other |
|
— |
|
|
|
— |
|
|
|
1.0 |
|
|
|
4.4 |
|
Adjusted EBITDA |
$ |
157.7 |
|
|
$ |
209.7 |
|
|
$ |
465.7 |
|
|
$ |
395.4 |
|
Revenue, net of interchange: |
|
|
|
|
|
|
|
||||||||
Revenue |
$ |
453.0 |
|
|
$ |
476.6 |
|
|
$ |
1,594.3 |
|
|
$ |
1,452.6 |
|
Interchange |
|
115.7 |
|
|
|
106.1 |
|
|
|
469.4 |
|
|
|
421.1 |
|
Revenue, net of interchange |
$ |
337.3 |
|
|
$ |
370.5 |
|
|
$ |
1,124.9 |
|
|
$ |
1,031.5 |
|
|
|
|
|
|
|
|
|
||||||||
Net adjusted EBITDA Margin |
|
47 |
% |
|
|
57 |
% |
|
|
41 |
% |
|
|
38 |
% |
Segment Information (millions) |
Three Months Ended
|
|
Years Ended
|
||||||||
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||
Revenue |
|
|
|
|
|
|
|
||||
Banks |
$ |
230.8 |
|
$ |
254.9 |
|
$ |
701.9 |
|
$ |
616.1 |
Merchants |
|
42.0 |
|
|
43.0 |
|
|
165.9 |
|
|
150.6 |
Billers |
|
180.2 |
|
|
178.7 |
|
|
726.5 |
|
|
685.9 |
Total |
$ |
453.0 |
|
$ |
476.6 |
|
$ |
1,594.3 |
|
$ |
1,452.6 |
Recurring revenue |
|
|
|
|
|
|
|
||||
Banks |
$ |
54.7 |
|
$ |
58.2 |
|
$ |
221.8 |
|
$ |
229.4 |
Merchants |
|
35.3 |
|
|
37.9 |
|
|
140.4 |
|
|
138.9 |
Billers |
|
180.2 |
|
|
178.7 |
|
|
726.5 |
|
|
685.9 |
Total |
$ |
270.2 |
|
$ |
274.8 |
|
$ |
1,088.7 |
|
$ |
1,054.2 |
Segment adjusted EBITDA |
|
|
|
|
|
|
|
||||
Banks |
$ |
150.7 |
|
$ |
188.2 |
|
$ |
425.5 |
|
$ |
355.5 |
Merchants |
|
16.8 |
|
|
17.5 |
|
|
69.5 |
|
|
44.3 |
Billers |
|
32.1 |
|
|
42.2 |
|
|
131.2 |
|
|
142.3 |
Note: Amounts may not recalculate due to rounding.
EPS Impact of Non-cash and Significant Transaction-related Items (millions) |
Three Months Ended December 31, |
||||||||||
|
2024 |
|
2023 |
||||||||
|
EPS Impact |
|
$ in Millions (Net of Tax) |
|
EPS Impact |
|
$ in Millions (Net of Tax) |
||||
GAAP net income |
$ |
0.93 |
|
$ |
98.6 |
|
$ |
1.12 |
|
$ |
122.6 |
Adjusted for: |
|
|
|
|
|
|
|
||||
Significant transaction-related expenses |
|
— |
|
|
— |
|
|
0.01 |
|
|
1.1 |
Amortization of acquisition-related intangibles |
|
0.04 |
|
|
4.5 |
|
|
0.06 |
|
|
6.4 |
Amortization of acquisition-related software |
|
0.03 |
|
|
3.3 |
|
|
0.03 |
|
|
3.5 |
Non-cash stock-based compensation |
|
0.08 |
|
|
8.8 |
|
|
0.05 |
|
|
5.3 |
Total adjustments |
$ |
0.15 |
|
$ |
16.6 |
|
$ |
0.15 |
|
$ |
16.3 |
Diluted EPS adjusted for non-cash and significant transaction-related items |
$ |
1.08 |
|
$ |
115.2 |
|
$ |
1.27 |
|
$ |
138.9 |
EPS Impact of Non-cash and Significant Transaction-related Items (millions) |
Years Ended December 31, |
||||||||||
|
2024 |
|
2023 |
||||||||
|
EPS Impact |
|
$ in Millions (Net of Tax) |
|
EPS Impact |
|
$ in Millions (Net of Tax) |
||||
GAAP net income |
$ |
1.91 |
|
$ |
203.1 |
|
$ |
1.12 |
|
$ |
121.5 |
Adjusted for: |
|
|
|
|
|
|
|
||||
Significant transaction-related expenses |
|
0.07 |
|
|
7.4 |
|
|
0.19 |
|
|
21.1 |
Amortization of acquisition-related intangibles |
|
0.22 |
|
|
23.3 |
|
|
0.24 |
|
|
25.7 |
Amortization of acquisition-related software |
|
0.13 |
|
|
13.8 |
|
|
0.14 |
|
|
15.5 |
Non-cash stock-based compensation |
|
0.31 |
|
|
32.6 |
|
|
0.17 |
|
|
18.7 |
Total adjustments |
$ |
0.73 |
|
$ |
77.1 |
|
$ |
0.74 |
|
$ |
81.0 |
Diluted EPS adjusted for non-cash and significant transaction-related items |
$ |
2.64 |
|
$ |
280.2 |
|
$ |
1.86 |
|
$ |
202.5 |
Recurring Revenue (millions) |
Three Months Ended
|
|
Years Ended
|
||||||||
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||
SaaS and PaaS fees |
$ |
223.5 |
|
$ |
223.2 |
|
$ |
898.0 |
|
$ |
849.1 |
Maintenance fees |
|
46.7 |
|
|
51.6 |
|
|
190.8 |
|
|
205.1 |
Recurring revenue |
$ |
270.2 |
|
$ |
274.8 |
|
$ |
1,088.7 |
|
$ |
1,054.2 |
New Bookings (millions) |
Three Months Ended
|
|
Years Ended
|
||||||||
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||
Annual recurring revenue (ARR) bookings |
$ |
35.2 |
|
$ |
28.8 |
|
$ |
65.7 |
|
$ |
73.5 |
License and services bookings |
|
115.1 |
|
|
106.5 |
|
|
290.0 |
|
|
239.2 |
Note: Amounts may not recalculate due to rounding.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250227238651/en/
For more information contact:
Investor Relations
John Kraft
SVP, Head of Strategy and Finance
305-894-2223 / john.kraft@aciworldwide.com
Source: ACI Worldwide
