Software firm hits nearly $90M in profits

NAPLES — ACI Worldwide posted a jump in profits following the March sale of Community Financial Services to Fiserv.

ACI reported net income of $89.5 million on revenues of $226.1 million in the quarter ending March 31. That compares with a net loss of $162,000 on revenues of $232.8 million in the same quarter one year ago.

Headquartered in Naples, ACI manages electronic payments for more than 5,000 organizations globally. More than 1,000 of the largest financial institutions as well as 300 of the leading global retailers use ACI software to execute $14 trillion a day in payments.