NAPLES — ACI Worldwide posted sales growth and narrowed its losses in the most recent quarter, even as currencies fluctuated.
The Naples-based global electronic-payment company reported a net loss of $162,000 on revenues of $232.8 million in the quarter ending March 31. That compared with a net loss of $5.8 million on revenues of $221.5 million the same quarter one year ago.
“The year is off to a strong start with quarterly revenue at the high end of expectations, despite significant foreign currency headwinds,” says Phil Heasley, president and CEO of ACI Worldwide, in a statement.
ACI Worldwide provides electronic payments and banking for more than 5,600 financial institutions, retailers, billers and processors around the world. ACI software processes $13 trillion each day in payments and securities transactions for more than 300 of the leading global retailers, and 18 of the top 20 banks worldwide.
“We continue to see broad interest in our Universal Payments offering and are happy to announce the signing of a large new customer in the transportation industry,” Heasley says in the earnings statement. “Overall, ACI remains well positioned for growth in 2015 and we have never been more optimistic regarding our long-term strategy.”
You can read a recent story about ACI Worldwide in the Business Observer here.