The following is a summary of the ACI Worldwide Inc. (ACIW) Q1 2024 Earnings Call Transcript:

Financial Performance:

• ACI Worldwide reported a 9% YoY revenue increase to $316 million in Q1 2024, higher than expected.

• They reported the early signing of $20 million in high-margin license contracts, which will impact the income statement later in the year.

• Segment revenue for banking increased by 20%. Revenues from issuing and acquiring, fraud management, and real-time payment products grew by 17%, 23%, and 28%, respectively. This resulted in a 69% YoY EBITDA growth.

• Merchant segment revenue and EBITDA showed growth at 3% and 63% respectively.

• Biller segment revealed a 5% revenue growth and a 4% EBITDA growth.

Business Progress:

• ACI continued to secure many contracts, including expansion deals with new and existing global clients.

• Demand for SaaS in the banking segment is accelerating, particularly from smaller institutions that want to benefit from ACI's scalable and reliable solutions.

• Development on the payments hub is progressing well, with significant productivity improvements thanks to the application of AI-powered tools.

• ACI's AI-powered solutions in the fraud detection and prevention business continue to gain appeal and positive feedback from stakeholders.

• Due to a strong start of the year, guidance for 2024 increased with a projected revenue range of $1.547 billion to $1.581 billion, and an EBITDA between $418 million and $433 million.

More details: ACI Worldwide IR

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