We continue to cement our annual mid-single digit organic revenue growth, while positioning the company to grow by 7% to 9% by 2024. And thank you for joining our second quarter 2022 earnings conference call. Llopis: Success comes most to those surrounded by people who want their success to continue. Personal values are shaped by the influence of people around you and your own experiences those from your past and those with whom you currently collaborate. Mr Almeida owns over 15,352 units of ACI Worldwide Inc stock worth over $4,864,736 and over the last 9 years he sold ACIW stock worth over $2,984,293. Some of them are AR for banks and intermediaries. Youre talking about the next generation RTP orchestration, right, the cloud? Who is over. | Learn more about Sesselja Ingibjrg Bardal Reynisdottir's work experience, education, connections & more by visiting their profile on LinkedIn Odilon Almeida - President and CEO. But no, nothing that would change the structural change in our licenses. Banks obviously drove the results. We continue to execute on the rigorous and disciplined management processes implemented in the last 2 years. The next-gen RTP that youre talking about, can you just give us a sense of what will be enhanced when that comes out? Now, let me turn to some latest trends and wins. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Who speaks. It proves that our three-pillar strategy: fit for growth, focus on growth and step change value creation is working, and that our continued focus and disciplined execution of this strategy is gaining traction. Miami-based ACI provides payments software services to banks, merchants and billers worldwide, and it has worked with the Federal Reserveon the central banks FedNow instant payments pilot. We continue to make our business more predictable and deliver on our commitments. With that, Id like to turn the call over to Odilon. Let Payments Dive's free newsletter keep you informed, straight from your inbox. Please go ahead. Who assists. Whos number 2. Six Characteristics of 21st Century Leaders (Interview with Odilon Mr. Odilon Almeida was first elected to the Board of Millicom in May 2015. We announced a $250 million share repurchase authorization in December with plans to use a significant portion of this in the near term. Guest Contributions The slides accompanying this call and webcast can be found at www.aciworldwide.com under the Investor Relations tab and will remain available after the call. Odilon Almeida. or. Who pays. Odilon Almeida's position at ACI Worldwide is effective March 9. I have learned their motivations are driven by a greater purpose: to excel not only for themselves, but for their families and loved ones. Six Characteristics Define 21st Century Leadership - Forbes Odilon Almeida Profiles | Facebook Todays call is subject to Safe Harbor and forward-looking statements like all of our events. That's a great question because the pipeline is all about the future. Revenue for the quarter was $340 million, up 13% or 14% on a constant currency basis from Q2 last year. Immaterial of where you are from, immersing in diverse cultural and personal norms may sometimes make it feel that accomplishing a task is impossible. Who is confidant. Almeida had served as the companys president and CEO since March 2020, his biography on ACIs website notes. This greater purpose is important immaterial of rank and file. And when you go to Billers, I can tell you that we have never had this strong pipeline as we have today. Sign Up Now! Millicom | Tigo - Leading the digital lifestyle Scott? Who is shamed. I'd say that we really saw a lot of -- there was pent-up demand, if you look at -- in particular, on the bank side on license in the early part of last year that really picked up in the second half. Thanks Odilon and good morning everyone. So I think it is more of an effort on sales effort than anything else. This year, as we said last time, we are projecting around mid-digit growth. Who steps back. ACI Worldwide Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Who will be back. Jose Odilon Almeida (Odilon) See Photos. There are many lessons to be drawn on passion from the customers we serve global workers and small businesses moving money that moves the globe. I think that is really the change that we're seeing in the company related to the culture of accountability and the culture of operational discipline. Putting the customer first, an interview Odilon Almeida The largest trade he's ever made was selling 81,008 units of ACI Worldwide Inc stock on 7 June 2018 worth over $1,701,168. He used to tell me that youd better learn to like what you have to do. I joined Western Union because it is a purpose-driven company. For him, it's integrity, accountability, diversity, and respect. March 2020 is the month in which Almeidas tenure as CEO began. We ended the quarter with $119 million in cash-on-hand, a debt balance of $1.1 billion and a net debt leverage ratio of 2.4x, which is just below our 2.5x target. Lastly, you mentioned some compelling wins in Japan, Korea, India. , The free newsletter covering the top industry headlines, Getnet Mexico and Pacto Launch Integrated Restaurant Software and Payments Solution Nationwide, Microsoft Executive to Provide AI Insights for Innovative Payments Conference Attendees, By signing up to receive our newsletter, you agree to our, Payments company ACI Worldwide has fired its CEO, Odilon Almeida, the company disclosed in a regulatory filing Tuesday. That is the combination of the market reacting, but it's also the combination of our international expansion of Merchants. In addition, ACI expects to enter into a transition services agreement with Mr. Almeida covering the remainder of November 2022,, ACI Director Mary Harman, who heads up the boards. Warsop, 56,joined ACIs board in 2015 and became non-executive chairman just five months ago in June, according to his profile on ACIs website. We recently launched ACI Smart Engage, a mobile engagement platform. Almeida: I was raised with a strong commitment to family in a culture that treated those around us as an extension of family, even if you werent a blood relative. Sure, George. I wanted to hit on one of the previous questions asked, just dive a little deeper there into some of the trends you guys are seeing in real-time payments. I wouldn't say we have any particular update. Odilon Almeida concludes that, Its important to remember that when you get caught up in day-to-day operations, like many, we tend to focus more on repairing what is wrong than optimizing what is good and strong. Odilon Almeida See Photos I'm pastor of biblical shcool New Time at Missao Oeste Do Par Lives in Manaus, Brazil Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Lives in Guarulhos Odilon Almeida See Photos Lives in Maring Odilon Almeida See Photos Odilon Almeida By PYMNTS | June 7, 2021 | Country by country, real-time payments systems are taking shape, focusing on domestic transactions. As a follow-up, I know, Scott, you give real-time numbers in your Q, but we haven't seen that yet. Nice results. Yes, just to complement George. Odilon - Baby Name Meaning, Origin, and Popularity | Nameberry So -- but I think if you look at combined Q1, Q2, first half year-over-year, that would imply -- at the low end of the range would imply a 10% revenue growth and EBITDA growth in the mid-teens. Teresinhawas born on July 14 1949, in Rio de Janeiro. And as a follow-up, I wanted to get some color on a high level on what youre seeing in terms of bank spending and how much of a priority payments is given the current macro backdrop, and what youre hearing from your conversations with your bank clients? ACI Worldwide, Inc. (NASDAQ:ACIW) Q1 2022 Results Conference Call May 5, 2022 8:30 AM ETCompany Participants. Payments company ACI Worldwide has fired its CEO, Odilon Almeida, the company disclosed in a regulatory filing Tuesday. Who has tailwind. They are excited about this new technology that we are building, and that's all about the future. Who leaves late. Whos in. Davidson. A native of Brazil, I've lived and worked in cities in the U.S., Canada and Brazil. Over the last 16 years, insiders at ACI Worldwide Inc have traded over $13,121,900 worth of ACI Worldwide Inc stock and bought 163,169 units worth $3,555,717 And given that, I would have expected that EBITDA margins to be more in line with the first quarter. And again, we will update our outlook for the impact of the sale of our corporate online banking business once it closes, which is expected to be before the end of the third quarter. Who distributes. In addition, he makes $801,335 as Pres and CEO & Director at ACI Worldwide Inc. Mr has made over 11 trades of the ACI Worldwide Inc stock since 2014, according to the Form 4 filled with the SEC. Who is hired. Who stumbles. Joe Vafi, managing director of equity research at Canaccord Genuity, called Almeidas firing a little bit of a head scratcher.. He was born in Brazil and he and his family live in Miami, FL. We continue to expect 2022 adjusted EBITDA of $400 million to $415 million, and this excludes onetime costs related to the move of our European data centers to the public cloud. Additionally, he is a former personal care director at Colgate-Palmolive and chief operating officer of Alpargatas, a Brazilian producer of footwear, apparel and sporting goods. Who has headwind. Who goes behind. So I would tell you that part of that revenue we can expect this year, but the bulk of the revenue will be next year. Mastercard cannot afford to ignore AI, CEO says, 2023 Economic Insight & Best Practices in Financial Risk Management, Why Spending Less May Be Good News for Card Companies, US, UK Households Are Cash-Stuffing to Cope With Cost-of-Living Jump, Instant Bank Payments: The Promise of a Faster Future, Money Movement, Uninterrupted: Building Resilient Payment Operations, Modernize Your Payment Stack to Increase Flexibility and Reduce Spend. He leads a company that helps businesses in the airline, gaming, digital entertainment, retail, restaurant and travel industries provide more flexible payment options to their customers. Odilon Gonalves de Almeida (deceased) - Genealogy Who repeats. The announcement follows a decline in ACI Worldwide Inc.s share price of 28% since March 2020. We are following the pipeline very close. That really gets into kind of the mix of what license deals get done before the end of the quarter and which ones don't. These results continue a string of quarters in line with our financial guidance.
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