ACI Worldwide, Inc. (ACIW) Misses Q1 EPS by 12c

ACI Worldwide, Inc. (NASDAQ: ACIW) reported Q1 EPS of ($0.17), $0.12 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $209 million versus the consensus estimate of $207.17 million.

For the full year 2018 under ASC 606, the Company expects revenue to be between $1.03 billion and $1.055 billion and adjusted EBITDA to be in a range of $255 million to $270 million, which excludes approximately $7 million in significant transaction related expenses. We expect between $230 million and $240 million of revenue under ASC 606 in the second quarter.

For the full year 2018 under ASC 605, the Company expects revenue to be between $1.05 billion and $1.075 billion, which represents 3-5% growth over 2017 on a comparable GAAP basis. Adjusted EBITDA is expected to be in a range of $270 million to $285 million, which excludes approximately $7 million in significant transaction related expenses. We expect between $240 million and $250 million of revenue under ASC 605 in the second quarter. We expect full year 2018 new bookings growth to be in the low double digits.

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

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