ACI Worldwide Full Year 2023 Earnings: EPS Beats Expectations
ACI Worldwide (NASDAQ:ACIW) Full Year 2023 Results
Key Financial Results
Revenue: US$1.45b (up 2.2% from FY 2022).
Net income: US$121.5m (down 14% from FY 2022).
Profit margin: 8.4% (down from 10.0% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$1.12 (down from US$1.25 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ACI Worldwide EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 4.0% from a week ago.
Valuation
ACI Worldwide's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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