ACI Worldwide posts $4.7M net loss in 2Q

Thu, 07/26/2012 - 6:30pm
The Associated Press

ACI Worldwide Inc., which makes software for electronic payments, reported Thursday that its second-quarter net income swung to a loss, reflecting expenses for a key acquisition.

The company lost $4.7 million, or 12 cents per share, in the April-June quarter, compared with net income of $9.8 million, or 29 cents per share, in the same quarter last year.

ACI logged $7.6 million in expenses in the quarter related to its acquisition of another payments software provider, S1 Corp. ACI paid about $540 million in cash and stock for S1 in a deal completed in February.

ACI's second-quarter revenue rose 32 percent to $149.8 million from $113.4 million a year earlier. The company said its acquisition of S1 contributed $43.1 million to revenue in the quarter.

The company also offered guidance for 2012 revenue of $683 million to $693 million, down from a previous forecast of $696 million to $706 million.

ACI shares fell $2.75, or 6.3 percent, to close at $40.68. The stock has traded between $24.23 and $46.90 in the past 52 weeks.


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