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UPDATE 1-ACI Worldwide posts loss on higher costs
May 3, 2012 / 11:26 AM / in 5 years

UPDATE 1-ACI Worldwide posts loss on higher costs

* Q1 loss/shr $0.05 vs EPS $0.05 year earlier

* Q1 rev up 32 pct

* Q1 expenses up 43.5 pct

May 3 (Reuters) - Payment systems provider ACI Worldwide Inc posted a first-quarter loss hurt by higher expenses related to the acquisition of smaller rival S1 Corp last year.

ACI reported a net loss of $1.8 million, or 5 cents per share, compared with net income of $1.6 million, or 5 cents per share, a year earlier.

Revenue rose about 32 percent to $137.6 million.

Expenses rose 43.5 percent to $139.2 million.

Shares of the company closed at $40.05 on Wednesday on Nasdaq.

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