Latest News

ACI Worldwide Sees 7 Pct Jump In Recurring Revenue YOY

ACI Worldwide, which provides real-time and digital payment solutions, had a recurring revenue of $250 million in the second quarter of 2021, a 7 percent increase from the same time in 2020, according to a press release.

The company had a revenue of $302 million, a 1 percent increase from 2020, the release stated.

The merchant segment recurring revenue was up by 5 percent, while the merchant segment adjusted EBITDA was up 2 percent over the 2020 number. Meanwhile biller segment revenue was up 9 percent, and biller segment adjusted EBITDA was 1 up percent, according to the release.

Bank segment recurring revenue was up 2 percent, while the EBITDA fell 20 percent compared to the same time in 2020, the release stated.

“We had another solid quarter, coming in at the high end of our expectations,” ACI Worldwide President and CEO Odilon Almeida said in the release. “Encouragingly, both our global sales organization and our pipeline continue to strengthen while our business becomes more predictable. In the quarter, we signed a significant number of new logos and secured important strategic wins.”

In other news, ACI announced in a separate press release the expansion of a partnership with Microsoft to deliver payments to the cloud. There will be an acceleration and expansion of ACI cloud payments offerings in Microsoft Azure.

Financial institutions (FIs) have been adding digital options, and there has been more demand globally for Software-as-a-Service (SaaS) solutions, the release stated.

ACI and Microsoft’s work will enable FIs to roll out new products and add more options for efficiency, security, data protection and sovereignty, which could lead to more revenue streams overall, according to the release.

“This partnership will enable stronger go-to-market cooperation between the two companies to meet the increasing demand for SaaS-based payment solutions from financial institutions,” said Almeida in the first release. “Also among the quarter’s signings was a major real-time payments win with the Central Bank of Indonesia, further cementing ACI’s lead in this fast-growing segment.”

Bobby Koscheski, head of Omnichannel Solutions, Grocery and General Retail at ACI Worldwide, told PYMNTS in July that grocery will be a focus going forward.

Read more: ACI: Today’s Consumers Expect Grocers To Bring The Brand To Them

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News