ACI Worldwide, Inc. (NASDAQ:ACIW) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.7%.
ACI Worldwide, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 95.71% to $1.37 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Rose 65.88% to $224 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ACI Worldwide, Inc. reported adjusted EPS income of $1.37 per share. By that measure, the company beat the mean analyst estimate of $1.08. It missed the average revenue estimate of $240.43 million.
Quoting Management: “We closed out a transitional 2012 with record revenues, sales bookings and earnings,” said Chief Executive Officer Philip Heasley. “With the S1 integration substantially complete, we are excited to enter 2013 well positioned to accelerate our growth objectives. Further, the proposed acquisition of Online Resources will add a highly strategic electronic bill payment platform to the ACI suite of products, enabling us to be the Universal Payments Platform company”, continued Mr. Heasley.
Key Stats (on next page)…