ACI Worldwide, Inc. reported a total revenue of $1.594 billion for the fiscal year ending December 31, 2024, marking a 10% increase from $1.453 billion in 2023. The company's net income also rose significantly, reaching $203.1 million, a 67% increase compared to $121.5 million in the previous year. This growth was driven by a notable increase in license revenue, which surged by 28% to $412.3 million, and a 21% rise in services revenue, which reached $93.2 million. However, maintenance revenue saw a decline of 7%, totaling $190.8 million.
The company experienced several strategic developments during the fiscal year, including a focus on expanding its Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, which accounted for 56% of total revenue. ACI's customer base grew to over 80,000 merchants globally, and the company reported significant engagement metrics, with a notable increase in transaction volumes. The company also emphasized its commitment to enhancing its product offerings through research and development, which saw an increase in expenditure to $146.7 million, up 4% from the previous year.
Operationally, ACI Worldwide maintained a workforce of 3,103 employees as of December 31, 2024, with a diverse presence across the Americas, EMEA, and Asia Pacific. The company reported a voluntary regrettable turnover rate of 5%, which is favorable compared to industry averages. ACI's geographic expansion efforts continued, with significant revenue contributions from both domestic and international markets, particularly in the U.S., which accounted for approximately 58% of total revenue.
Looking ahead, ACI Worldwide expressed optimism about future growth, driven by increasing digital payment transaction volumes and the ongoing adoption of real-time payment solutions. The company is strategically positioned to leverage its extensive product portfolio and partnerships to capture emerging market opportunities. However, it acknowledged potential risks, including economic fluctuations and competitive pressures, which could impact its financial performance. The company remains committed to enhancing its operational efficiencies and expanding its market share in the evolving payments landscape.
About ACI WORLDWIDE, INC.
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