ACI Worldwide Expects FY24 Revenue Of $1.557B-$1.591B (Prior $1.547B-$1.587B) Vs $1.563B Est
Portfolio Pulse from Benzinga Newsdesk
ACI Worldwide has raised its FY24 revenue guidance to $1.557B-$1.591B from the previous $1.547B-$1.587B, and its adjusted EBITDA guidance to $423M-$438M from $418M-$433M. For Q3 2024, the company expects revenue of $400M-$410M and adjusted EBITDA of $110M-$120M.
August 01, 2024 | 10:04 am
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POSITIVE IMPACT
ACI Worldwide has raised its FY24 revenue and adjusted EBITDA guidance, indicating stronger financial performance expectations. This positive outlook is likely to boost investor confidence and support the stock price in the short term.
The raised guidance for both revenue and adjusted EBITDA suggests that ACI Worldwide is expecting better financial performance than previously anticipated. This is a positive signal for investors, likely leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100