ACI Worldwide reports Q1 adjusted EPS 51c, consensus 34c

Reports Q1 revenue $395M, consensus $364.36M. “We are happy to report Q1 results that were again ahead of our expectations,” said Thomas Warsop, CEO. “Our newly formed Payment Software segment, which is the combination of our former Bank and Merchant segments, grew revenue 42%. We continue to see strength in our Issuing and Acquiring solutions driven by large financial institutions’ modernization efforts. Our Biller business was also strong with revenue up 11%. We had a strong start to the year and our financial position continues to improve. This strong start makes us even more confident in our full-year financial expectations. We remain focused on the execution of our strategy, delivering transformative software solutions that power intelligent payment orchestration in real time.”