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ACI Worldwide Inc Lowers FY 2013 Guidance

Wednesday, 7 Aug 2013 04:05pm EDT 

ACI Worldwide Inc announced that it is lowering its fiscal 2013 non-GAAP revenue guidance by 3% to a new range of $865 to $885 million due in part to certain online banking implementations that are requiring more resources and time than initially planned. Given the reduction in revenue, offset by expense management, the Company is revising its non-GAAP operating income and adjusted EBITDA ranges downward by $5 million and $10 million, respectively. The Company updated its non-GAAP operating income (EBIT) range is $165 to $175 million compared to prior guidance of $170 to $180 million and its adjusted EBITDA range is $256 to $266 million compared with $266 to $276 million previously. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $893 million, EBIT of $166 million and EBITDA of $241 million for fiscal 2013. 

Company Quote

30 Mar 2015