ACI Worldwide, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 30, 2024 at 06:00 am EDT
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ACI Worldwide, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 316.02 million compared to USD 289.68 million a year ago. Net loss was USD 7.75 million compared to USD 32.31 million a year ago.
Basic loss per share from continuing operations was USD 0.07 compared to USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.3 a year ago.
ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. The Companyâs segments include Banks, Merchants, and Billers. It provides payment solutions to large and mid-size banks globally for retail banking, real time, digital, and other payment services. It support merchants globally, including Tier 1 and Tier 2 merchants, online-only merchants and payment service providers, independent selling organizations, value-added resellers, and acquirers who service them. Within the Billers segment, the Company provides electronic bill presentment and payment (EBPP) services to companies operating in the consumer finance, insurance, healthcare, higher education, utility, government, and mortgage categories. Its solutions include ACI acquiring, ACI issuing, ACI enterprise payments platform, ACI low value real-time payments, ACI high value real-time payments, and others.