ACI Worldwide Inc (ACIW) stock soared 5.84% in the pre-market trading on Thursday following the company's impressive fourth-quarter 2024 results and upbeat outlook for 2025.
The electronic payments software maker reported adjusted earnings of $1.08 per share for Q4 2024, beating analyst estimates of $0.58. Revenue also exceeded expectations, rising 4.9% year-over-year to $453 million, compared to the consensus estimate of $451.7 million.
The company's strong performance was driven by robust growth across all its business segments. ACI Worldwide's Bank segment revenue increased 14% year-over-year, while its Merchant segment revenue grew 10%, and Biller segment revenue rose 6%. The company also reported a 10% increase in total revenue to $1.594 billion for the full year 2024.
Looking ahead, ACI Worldwide provided an optimistic outlook for 2025, forecasting revenue growth of 7% to 9% on a constant currency basis. The company expects adjusted EBITDA to be in the range of $480 million to $495 million for the full year.
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