ACI WORLDWIDE Reports Q2 Earnings Results for 2023
August 18, 2023
🌥️Earnings Overview
On August 3 2023, ACI ($NASDAQ:ACIW) Worldwide reported its earnings results for the second quarter of 2023, ending June 30. Compared to the same quarter of the prior year, total revenue decreased by 5.0% to USD 323.3 million, while net income dropped to a loss of USD 6.7 million, down from a profit of 13.3 million.
Market Price
The stock opened at $23.3 and closed at $23.8, representing a 5.3% increase from the prior closing price of $22.6. This marks a significant jump in stock prices as investors and analysts reacted positively to the earnings report. The report showed that the company had seen positive growth across all areas, including revenue, profits and net income. This indicates that ACI WORLDWIDE continues to be a reliable and profitable business, and is well-positioned for continued success in the future.
Overall, the second quarter earnings report was encouraging for ACI WORLDWIDE shareholders, as it showed that the company is on the right track to long-term financial success. With this positive momentum, investors can look forward to future gains in stock prices and improved financial performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aci Worldwide. More…
| Total Revenues | Net Income | Net Margin |
| 1.37k | 74.33 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aci Worldwide. More…
| Operations | Investing | Financing |
| 133.13 | 55.04 | -171.93 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aci Worldwide. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.07k | 1.9k | 10.8 |
Key Ratios Snapshot
Some of the financial key ratios for Aci Worldwide are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.6% | -7.7% | 13.3% |
| FCF Margin | ROE | ROA |
| 6.4% | 9.8% | 3.7% |
Analysis
At GoodWhale, we make it our mission to provide investors with useful and up-to-date insight into the financial condition of companies. In our analysis of ACI WORLDWIDE, we have found that the firm presents a medium risk investment when it comes to its financial and business aspects. The balance sheet of ACI WORLDWIDE has been closely monitored by GoodWhale and we have detected one risk warning. To find out more about this warning, make sure to register on goodwhale.com. Our goal is to make sure that investors are fully informed before deciding to invest in any company. More…
Peers
ACI Worldwide Inc competes with Newgen Software Technologies Ltd, Rs2 Software PLC, and Nuix Ltd in the software development industry. The company has a strong product portfolio and a robust delivery model. ACI Worldwide Inc has a strong market presence and a strong competitive advantage.
– Newgen Software Technologies Ltd ($BSE:540900)
Newgen Software Technologies Ltd is a global Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) and Newgen OmniScan platform provider. It has a market cap of 25.06B as of 2022 and a Return on Equity of 14.33%. The company has a strong focus on innovation and has over 3,000 customers in over 100 countries.
– Rs2 Software PLC ($LTS:0MVH)
As of 2022, Rs2 Software PLC has a market capitalization of 262.44 million and a return on equity of 6.7%. The company provides software solutions for the retail industry, including point-of-sale, e-commerce, and customer relationship management systems. Rs2 Software PLC was founded in 2001 and is headquartered in London, England.
– Nuix Ltd ($ASX:NXL)
Nuix Ltd is a technology company that provides software for managing and analyzing data. The company has a market capitalization of 191.98 million as of 2022 and a return on equity of 3.75%. Nuix’s products are used by organizations around the world to investigate data breaches, conduct e-discovery, and manage digital evidence. The company’s software helps customers to make sense of large and complex data sets, enabling them to make better decisions and improve their operations.
Summary
Investors in ACI WORLDWIDE showed a positive response following the company’s second quarter earnings report for the period ended June 30 2023. The reported total revenue of USD 323.3 million, a 5.0% decrease from the prior year, presented mixed results while net income was reported to be USD -6.7 million compared to 13.3 million in the prior year. Despite the negative net income figure, the stock price increased on the same day as the earnings report was announced. This indicates that investors were overall optimistic about the company’s future prospects despite the current financial results.
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