ACI Worldwide, Inc. (ACIW) Misses Q4 EPS by 9c, Revenues Miss; Offers FY20 Revenue Outlook

ACI Worldwide, Inc. (NASDAQ: ACIW) reported Q4 EPS of $0.47, $0.09 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $399.92 million versus the consensus estimate of $413.2 million.

“As previously announced, our 2019 results were impacted by a delayed contract. Notwithstanding the contract delay, 2019 was a positive year for ACI and we are very pleased with our business overall. The Speedpay acquisition brought us a leadership position in electronic bill payment and contributed to materially improved profitability in our On Demand segment. We also delivered strong growth in our Real-Time Payments and eCommerce solutions,” said Craig Saks, Interim President and CEO, ACI Worldwide. “We enter 2020 with a strong pipeline and solid growth expectations. Further, we are excited about the appointment of Odilon Almeida as our President and CEO and look forward to his leadership and contributions in realizing our long-term growth plans.”

GUIDANCE:

ACI Worldwide, Inc. sees FY2020 revenue of $1.48-1.51 billion, versus the consensus of $1.49 billion.

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

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