aci worldwide inc (ACIW) Key Developments
ACI Worldwide Strengthens Partnership with Yodlee to Increase Customer Engagement and Loyalty
Sep 24 14
ACI Worldwide announced an expanded partnership with Yodlee. The partnership empowers ACI's financial institution (FI) customers to deliver optimal bill pay and online financial management experiences to their end users, ultimately resulting in improved consumer engagement and loyalty. ACI is leveraging its Universal Payments (UP) framework to integrate multiple Yodlee API services--including aggregation, eBills, Alerts, PersonalFinance, FinApps and FastLink--across its online banking and ACI UP Banking Bill Payment solution suite. Through this partnership, ACI further underscores its strategic commitment to delivering a world-class banking bill pay solution that includes robust ebill content.
Horizon Healthcare Services, Inc. Uses ACI Worldwide's Bill Payment Solutions to Support Digital Usage Growth
Sep 15 14
ACI Worldwide announced that Horizon Healthcare Services, Inc. is leveraging ACI's UP Bill Payment solutions to power mobile, web, IVR (interactive voice response), call center, card and ACH payment options on one integrated payment system. The Affordable Care Act has transformed healthcare in the U.S., giving insurers the opportunity to grow their businesses by forging direct relationships with customers. Horizon anticipated the change and selected ACI to replace its legacy in-house payment system, resulting in a significant reduction in staff time spent on payment processing, allowing them to focus on digital usage growth. From January to July 2014, Horizon has seen a 120% increase in electronic bill payments among its customer base of more than 3.7 million members.
ACI Worldwide's Electronic Payment Offerings Improve Payment Experience for City of Baltimore
Sep 10 14
ACI Worldwide announced that the City of Baltimore (MD) can continue to provide city residents with a quick, simple and reliable way to manage and pay their bills, due to ACI's electronic payment offerings. The City of Baltimore is relying on ACI's electronic payment offerings for real property and personal property tax payments, metered water bill, as well as parking and other miscellaneous city payments.
Auchan Group Selects ACI Worldwide to Provide Industry-First, Pan-European Centralized Card Payments Platform
Sep 3 14
ACI Worldwide, Inc. announced that Auchan Group has selected the company to deliver its new SEPA-compliant European card payments platform. Auchan Group selected ACI's hosted retailer solution, Postilion, as the foundation of this new centralized card payments platform to manage all electronic transactions, through all channels (in-store, online and mobile) across Europe. The platform supports the new European standard EPAS protocol, which addresses the region's numerous local standards and increasing regulations that have previously stymied growth for retailers. The platform will be jointly operated by ACI and OneyBanque Accord. It will run in ACI's secure and fully compliant data center, which hosts banking and payment solutions for more than 4,000 financial institutions, retailers, and billers.
ACI Worldwide, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reiterates Earnings Guidance for the Third Quarter and Full Year 2014
Jul 31 14
ACI Worldwide, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $254.81 million compared with $205.83 million for the same period a year ago. Operating income was $26.74 million compared with operating income of $11.52 million for the same period a year ago. Income before income taxes was $13.65 million compared with income before income taxes of $4.16 million for the same period a year ago. Net income was $11.24 million or $0.10 per basic and diluted share compared with net income of $1.88 million or $0.02 per basic and diluted share for the same period a year ago. Net cash flows from operating activities were $33.07 million compared with $22.70 million for the same period a year ago. Purchases of property and equipment were $4.09 million compared with $2.81 million for the same period a year ago. Non-GAAP revenue was $255 million, up 23% from second quarter last year. Adjusted EBITDA was $55.66 million compared with $38.14 million for the same period a year ago. Non-GAAP operating income was $31 million for the quarter, versus $17 million in the prior year quarter. Adjusted net income was $13.81 million compared with $5.73 million for the same period a year ago. Operating free cash flow (OFCF) for the quarter was $28 million, up from $22 million a year ago.
For the quarter, the company reported total revenues of $476.28 million compared with $367.83 million for the same period a year ago. Operating income was $27.03 million compared with operating income of $7.51 million for the same period a year ago. Income before income taxes was $3.90 million compared with loss before income taxes of $0.449 million for the same period a year ago. Net income was $5.46 million or $0.05 per basic and diluted share compared with net loss of $0.285 million or $0.00 per basic and diluted share for the same period a year ago. Net cash flows from operating activities were $48.32 million compared with $57.63 million for the same period a year ago. Purchases of property and equipment were $8.32 million compared with $9.05 million for the same period a year ago.
The company reiterated earnings guidance for the third quarter and full year 2014. The company expects non-GAAP revenue of $250 to $260 million in the third quarter.
Excluding contribution from the pending acquisition of Retail Decisions (ReD), the company continues to expect to generate non-GAAP revenue in a range of $1.06 to $1.08 billion for the full year of 2014. Adjusted EBITDA expectations remain in a range of $290 to $300 million. This guidance excludes approximately $15 million of significant integration-related expenses and includes $2 million for the deferred revenue adjustments. If closed in the middle of the third quarter, the company expects the acquisition of ReD will generate approximately $18 million in revenue and $4 million in adjusted EBITDA for the remainder of 2014.