ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended September 30, 2018

ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended September 30, 2018

5 years ago
Anonymous $L9wC17otzH

https://www.businesswire.com/news/home/20181108005369/en/

NAPLES, Fla.--(BUSINESS WIRE)--Nov 8, 2018--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced financial results for the quarter ended September 30, 2018.

“With Q3 revenue growth of 9% and adjusted EBITDA growth of 28%, both exceeding our expectations, we are pleased to raise our full year 2018 outlook,” commented Phil Heasley, President and CEO, ACI Worldwide. “Renewal activity was strong and contributed to total bookings growth of 37%. Importantly, we are seeing nearly 100% adoption of our newer UP solutions. With an exciting pipeline of new business, including notable Immediate Payments activity, we remain confident regarding our opportunity.”

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