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CORRECTING and REPLACING PHOTO Analyst Day 2021: ACI Worldwide Strategy on Track and Increases Long-Term Guidance
MIAMI--(BUSINESS WIRE)-- Please replace the photo with the accompanying corrected photo. This press release features multimedia. View the full release here:
About this update from Aci Worldwide, Inc.
[{"type":"text","content":" MIAMI--(BUSINESS WIRE)--\nPlease replace the photo with the accompanying corrected photo.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211117006212/en/ACI’s CEO and his leadership team (Photo: Business Wire)\nThe release reads:\n\nANALYST DAY 2021: ACI WORLDWIDE STRATEGY ON TRACK AND INCREASES LONG-TERM GUIDANCE\n\nACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software, today hosted a hybrid virtual and in-person briefing in New York with investors and analysts. The Company said its three-pillar strategy is on track, presented an increase in its long-term guidance and shared plans for leveraging its leadership in real time to shape the future of global payments.\n\nACI Worldwide plans to accelerate revenue growth from mid-single digits to mid to high single-digits, reaching an expected 7-9% organic revenue growth rate in 2024. This revised outlook results from the success of ACI’s transformation and execution of its three-pillar strategy and is higher than previous expectations of mid-single-digit organic revenue growth. The Company continues to expect a gradual increase in net adjusted EBITDA margin over the same period.\n\n“We are at the forefront of shaping the future of payments globally. I am proud to say ACI is in a great position to modernize and innovate the world’s payments software. As payments evolve, we believe real time will accelerate in both volume and value and we are enabling our customers to succeed in this brave new world of payments,” said Odilon Almeida, president and CEO, ACI Worldwide.\n\n“Our 3-pillar strategy - Fit-for-growth, Focused-on-growth, and Step-change value creation, which remains unchanged from last year, is on track and is guiding us through this journey, while also creating shareholder value in the short- and long-term,” Almeida concluded.\n\nScott Behrens, chief financial officer, ACI Worldwide, said, “ACI is well-positioned to benefit from the explosive growth in real-time payments. We have the framework in place to deliver significant value to shareholders with our increased long-term organic revenue growth outlook, strong cash flow generation, solid balance sheet and financial flexibility to balance growth investments and return cash to shareholders.”\n\nA replay of the event, along w...