MARKET COMPOSITE
ACIW - ACI Worldwide Inc5:24:13 PM 4/23/2024
Price
$33.37
+ 1.12 (3.47%)
ACI Worldwide Inc. is a payment systems company headquartered in Naples, Florida. ACI develops a broad line of software focused on facilitating real-time electronic payments. These products and services are used globally by banks, financial intermediaries such as third-party electronic payment processors, payment associations, switch interchanges, merchants, corporations, and a wide range of transaction-generating endpoints, including automated teller machines , merchant point of sale terminals , bank branches, mobile phones, tablet computers, corporations, and internet commerce sites.[citation needed] ACI was founded in Omaha, Nebraska as Applied Communications Inc, in 1975, to develop software for communications applications using the new NonStop computers from Tandem Computers. The founders were James Cody, Dave Willadsen, and Dennis Gates. Chuck Hackett, Charly Foglesong, and Mike May began ACI's relationship with Tandem. Early projects involved building systems to handle ATMs and front ends for core banking systems, which led to the launch of the first product, BASE24, in 1982. BASE24 was coined by a salesman to represent "Baseline Software for 24 hour-per-day system operations".[citation needed]
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue476.6MM+31%
Gross Profit294.9MM-
Cost Of Revenue181.7MM+2%
Operating Income172.3MM-
Operating Expenses122.6MM-
Net Income122.6MM-
G&A24.5MM-18%
Marketing34.5MM+17%
Amortization8.4MM-1%
Interest Expense19.8MM+0%
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