ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended March 31, 2013

  ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended March
  31, 2013

OPERATING HIGHLIGHTS

  *Raising guidance due to completion of Online Resources acquisition
  *Sales bookings, net of term extensions, up 19%, or 10% excluding Online
    Resources
  *Operating free cash flow of $34 million, versus $4 million last year
  *60 month backlog now above $3 billion, including Online Resources

Business Wire

NAPLES, Fla. -- May 2, 2013

ACI Worldwide, Inc. (NASDAQ:ACIW), a leading international provider of payment
systems, today announced financial results for the period ended March 31,
2013. Management will host a conference call at 8:30 am EST to discuss these
results as well as 2013 guidance. Interested persons may access a real-time
audio broadcast of the teleconference at www.aciworldwide.com/investors or use
the following numbers for dial in participation: US/Canada: (866) 914-7436,
International/Local: +1 (817) 385-9117. Please provide your name, the
conference name ACI Worldwide, Inc. and conference code 37077453. There will
be a replay available for two weeks on (855) 859-2056 for US/Canada Dial-In
and +1 (404) 537- 3406 for International/Local Dial-In participants.

“ACI accomplished a great deal during Q1, including completing the acquisition
of Online Resources,” said Chief Executive Officer Philip Heasley. “This
transaction adds electronic bill payment to our payments capabilities, which
will help us provide highly valued functionality to our financial institution
customers. Additionally, our new sales bookings, net of term extensions were
solid, growing 19% over last year, or roughly 10% excluding Online Resources’
contribution. We are excited and confident about the remainder of 2013. Our
ability to provide increased value to our customers and growth to our
investors has never been better.”

FINANCIAL SUMMARY

Online Resources Acquisition

ACI completed the acquisition of Online Resources on March 11, 2013 and our
first phase of cost savings initiatives is substantially complete. Following
these efforts, we expect to generate $19.5 million in annual cost synergies,
of which $12 million should be realized in 2013. The acquisition adds a
full-service electronic bill payment platform to our suite of products, a fast
growing Biller Direct business and a significant base of biller connections
that can be leveraged through innovation, technology and cost efficiencies.

Updated Outlook

We are increasing our FY 2013 guidance to account for the recently completed
Online Resources acquisition. We now expect FY 2013 non-GAAP revenue to be
between $895 and $915 million, non-GAAP operating income of between $170 and
$180 million and adjusted EBITDA of between $266 million and $276 million. In
addition, we expect revenue in the first half of 2013 to represent roughly
41-42% of our full year total. While this is slightly lower than our
historical average, our strong pipeline and our visibility into the timing of
implementations provide us comfort with this full year guidance. Online
Resources’ recurring revenue will slightly moderate our historic seasonality.

Financial Results for Q1

Q1 non-GAAP revenue was $163 million, an increase of $21 million, or 15%, over
Q1 2012. GAAP revenue of $162 million was an increase of $24 million from Q1
of 2012. The increase was due to contribution from both Online Resources and a
full quarter of S1, offset by a $15 million decline in non-recurring revenue,
split between incidental capacity and “go-live” events. Monthly recurring
revenue grew to $119 million, up $30 million, or $8 million excluding Online
Resources and incremental S1 contribution. This represented 73% of total
revenue in the quarter.

New sales bookings, net of term extensions, which is the key driver of our
growth, was up 19% in the quarter, or 10% excluding the contribution from
Online Resources. Our 60-month backlog increased by $671 million, after
adjusting for foreign currency fluctuations, of which $660 million was due to
Online Resources. Our 12 month backlog increased $154 million, after adjusting
for foreign currency fluctuations, of which $138 million was due to Online
Resources.

Due primarily to the decline in non-recurring revenue, non-GAAP operating
income was $4 million, or $14 million below last year’s number. Consolidated
GAAP operating loss was $4 million for the quarter, versus a loss of $2
million last year. Adjusted EBITDA of $22 million was $9 million below last
year’s $31 million. Non-GAAP net income was $3 million, or $0.07 per diluted
share, in Q1 2013, versus non-GAAP net income per diluted share of $0.28 last
year. GAAP net loss was $2 million, or ($0.05) per diluted share, for both Q1
2013 and Q1 2012.

We ended the quarter with $112 million in cash on hand, up from $76 million as
of December 31, 2012. We ended the quarter with a debt balance of $671
million. Our consolidated billed and unbilled receivable balance declined $35
million during the quarter, excluding the addition of Online Resources.
Operating free cash flow (“OFCF”) for the quarter was $34 million, up $30
million from $4 million in Q1 of last year.

About ACI Worldwide

ACI Worldwide powers electronic payments and banking for more than 1,750
financial institutions, retailers and processors around the world. ACI
software enables $13 trillion in payments each day, processing transactions
for more than 250 of the leading global retailers, and 18 of the world’s 20
largest banks. Through our integrated suite of software products and hosted
services, we deliver a broad range of solutions for payments processing, card
and merchant management, online banking, mobile, branch and voice banking,
fraud detection, and trade finance. To learn more about ACI and the reasons
why our solutions are trusted globally, please visit www.aciworldwide.com or
on Twitter @ACI_Worldwide.

Non-GAAP Financial Measures

                                                                                                                  
ACI Worldwide, Inc.
Reconciliation of Selected GAAP Measures to Non-GAAP Measures (1)
(unaudited and in thousands, except per share data)
                                                                                                                                   
                   FOR THE THREE MONTHS ENDED MARCH 31,
                   2013          Adjustments   2013          2012          Adjustments   2012          $ Diff        %
                   GAAP                            Non-GAAP        GAAP                            Non-GAAP                        Diff
                                                                                                                                   
Revenues: (2)                                                                                                 
Total revenues     $ 161,997    $  1,134     $ 163,131    $ 137,625    $ 4,300      $ 141,925    $ 21,206     15  %
                                                                                                                                   
Expenses:
Cost of
software             5,918            -              5,918           4,932           -               4,932           986           20  %
license fees
Cost of
maintenance,         61,871           -              61,871          40,891          -               40,891          20,980        51  %
services and
hosting fees
Research and         37,149           -              37,149          30,933          -               30,933          6,216         20  %
development
Selling and          25,074           -              25,074          20,698          -               20,698          4,376         21  %
marketing
General and
administrative       25,037           (6,597 )       18,440          34,362          (14,970 )       19,392          (952    )     -5  %
(3)
Depreciation
and                 10,957       -          10,957      7,422       -           7,422       3,535      48  %
amortization
Total expenses      166,006      (6,597 )    159,409     139,238     (14,970 )    124,268     35,141     28  %
                                                                                                                                   
Operating            (4,009  )        7,731          3,722           (1,613  )       19,270          17,657          (13,935 )     -79 %
income (loss)
                                                                                                                                   
Other income
(expense):
Interest             131              -              131             249             -               249             (118    )     -47 %
income
Interest             (3,897  )        -              (3,897  )       (1,891  )       -               (1,891  )       (2,006  )     106 %
expense
Other, net          3,165        -          3,165       878         -           878         2,287      260 %
Total other
income              (601    )     -          (601    )    (764    )    -           (764    )    163        -21 %
(expense)
                                                                                                                                   
Income (loss)
before income        (4,610  )        7,731          3,121           (2,377  )       19,270          16,893          (13,772 )     -82 %
taxes
Income tax          (2,444  )     2,706      262         (555    )    6,745       6,190       (5,928  )   -96 %
expense (4)
Net income         $ (2,166  )   $  5,025     $ 2,859      $ (1,822  )   $ 12,526     $ 10,704     $ (7,844  )   -73 %
(loss)
                                                                                                                                   
Depreciation         3,764            -              3,764           2,673           -               2,673           1,091         41  %
Amortization -
acquisition          3,842            -              3,842           2,280           -               2,280           1,562         69  %
related
intangibles
Amortization -
acquisition          2,993            -              2,993           2,532           -               2,532           461           18  %
related
software
Amortization -       3,587            -              3,587           2,710           -               2,710           877           32  %
other
Stock-based          3,950            -              3,950           5,618           (2,400  )       3,218           732           23  %
compensation
                                                                                                              
Adjusted           $ 14,127     $  7,731     $ 21,858     $ 14,200     $ 16,870     $ 31,070     $ (9,212  )   -30 %
EBITDA
                                                                                                                                   
Earnings
(loss) per
share
information
Weighted
average shares
outstanding
Basic                39,465           39,582         39,582          36,707          36,707          36,707
Diluted              39,465           40,255         40,255          36,707          38,005          38,005
                                                                                                                                   
Earnings
(loss) per
share
Basic              $ (0.05   )     $  0.13         $ 0.07          $ (0.05   )     $ 0.34          $ 0.29          $ (0.22   )     -75 %
Diluted            $ (0.05   )     $  0.12         $ 0.07          $ (0.05   )     $ 0.33          $ 0.28          $ (0.21   )     -75 %

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are
not meant to be considered in isolation or as a substitute for comparable GAAP
measures, and should be read only in conjunction with our consolidated
financial statements prepared in accordance with GAAP.

(2) Adjustment for deferred revenue that would have been recognized in the
normal course of business by S1 and ORCC but was not recognized due to GAAP
purchase accounting requirements.

(3) One-time expense related to the acquisitions of ORCC and S1, including,
$1.9 million for employee related actions, $2.5 million for ORCC acquisition
fees and $2.2 million for other professional fees in 2013 and $7.4 million for
employee related actions, $2.4 million for accelerated stock compensation,
$4.1 million for S1 acquisition fees, and $1.1 million for other professional
fees in 2012.

(4) Adjustments tax effected at 35%.

To supplement our financial results presented on a GAAP basis, we use the
non-GAAP measure indicated in the tables, which exclude certain business
combination accounting entries and expenses related to the acquisition of S1
and Online Resources, as well as other significant non-cash expenses such as
depreciation, amortization and share-based compensation, that we believe are
helpful in understanding our past financial performance and our future
results. The presentation of these non-GAAP financial measures should be
considered in addition to our GAAP results and are not intended to be
considered in isolation or as a substitute for the financial information
prepared and presented in accordance with GAAP. Management generally
compensates for limitations in the use of non-GAAP financial measures by
relying on comparable GAAP financial measures and providing investors with a
reconciliation of non-GAAP financial measures only in addition to and in
conjunction with results presented in accordance with GAAP. We believe that
these non-GAAP financial measures reflect an additional way of viewing aspects
of our operations that, when viewed with our GAAP results, provide a more
complete understanding of factors and trends affecting our business. Certain
non-GAAP measures include:

  *Non-GAAP revenue: revenue plus deferred revenue that would have been
    recognized in the normal course of business by S1 and Online Resources if
    not for GAAP purchase accounting requirements. Non-GAAP revenue should be
    considered in addition to, rather than as a substitute for, revenue.
  *Non-GAAP operating income: operating income (loss) plus deferred revenue
    that would have been recognized in the normal course of business by S1 and
    Online Resources if not for GAAP purchase accounting requirements and
    one-time expense related to the acquisitions. Non-GAAP operating income
    should be considered in addition to, rather than as a substitute for,
    operating income.
  *Adjusted EBITDA: net income (loss) plus income tax expense, net interest
    income (expense), net other income (expense), depreciation, amortization
    and non-cash compensation, as well as deferred revenue that would have
    been recognized in the normal course of business by S1 and Online
    Resources if not for GAAP purchase accounting requirements and one-time
    expense related to the acquisitions. Adjusted EBITDA should be considered
    in addition to, rather than as a substitute for, operating income.

ACI is also presenting operating free cash flow, which is defined as net cash
provided by operating activities, plus net after-tax payments associated with
employee-related actions and facility disclosures, net after-tax payments
associated with acquisition related transaction costs, net after-tax payments
associated with IBM IT outsourcing transition and termination, and less
capital expenditures. Operating free cash flow is considered a non-GAAP
financial measure as defined by SEC Regulation G. We utilize this non-GAAP
financial measure, and believe it is useful to investors, as an indicator of
cash flow available for debt repayment and other investing activities, such as
capital investments and acquisitions. We utilize operating free cash flow as a
further indicator of operating performance and for planning investing
activities. Operating free cash flow should be considered in addition to,
rather than as a substitute for, net cash provided by operating activities. A
limitation of operating free cash flow is that it does not represent the total
increase or decrease in the cash balance for the period. This measure also
does not exclude mandatory debt service obligations and, therefore, does not
represent the residual cash flow available for discretionary expenditures. We
believe that operating free cash flow is useful to investors to provide
disclosures of our operating results on the same basis as that used by our
management.

Reconciliation of Operating Free Cash Flow           Quarter Ended March 31,
(millions)
                                                        2013     2012   
Net cash provided (used) by operating activities       $ 34.9       ($12.6 )
Net after-tax payments associated with                   1.5          0.6
employee-related actions
Net after-tax payments associated with lease             0.1          -
terminations
Net after-tax payments associated with acquisition       4.9          7.7
related transaction costs
Net after-tax payments associated with cash              -            10.2
settlement of S1 options
Net after-tax payments associated with IBM IT            1.9          -
Outsourcing Termination
Net after-tax payments associated with IBM IT            -            0.2
Outsourcing Transition
Less capital expenditures                               (9.0 )    (2.1   )
Operating Free Cash Flow                               $ 34.3    $ 4.0    

ACI also includes backlog estimates, which include all software license fees,
maintenance fees and services specified in executed contracts, as well as
revenues from assumed contract renewals to the extent that we believe
recognition of the related revenue will occur within the corresponding backlog
period. We have historically included assumed renewals in backlog estimates
based upon automatic renewal provisions in the executed contract and our
historic experience with customer renewal rates.

Backlog is considered a non-GAAP financial measure as defined by SEC
Regulation G. Our 60-month backlog estimate represents expected revenues from
existing customers using the following key assumptions:

  *Maintenance fees are assumed to exist for the duration of the license term
    for those contracts in which the committed maintenance term is less than
    the committed license term.
  *License and facilities management arrangements are assumed to renew at the
    end of their committed term at a rate consistent with our historical
    experiences.
  *Non-recurring license arrangements are assumed to renew as recurring
    revenue streams.
  *Foreign currency exchange rates are assumed to remain constant over the
    60-month backlog period for those contracts stated in currencies other
    than the U.S. dollar.
  *Our pricing policies and practices are assumed to remain constant over the
    60-month backlog period.

Estimates of future financial results are inherently unreliable. Our backlog
estimates require substantial judgment and are based on a number of
assumptions as described above. These assumptions may turn out to be
inaccurate or wrong, including for reasons outside of management’s control.
For example, our customers may attempt to renegotiate or terminate their
contracts for a number of reasons, including mergers, changes in their
financial condition, or general changes in economic conditions in the
customer’s industry or geographic location, or we may experience delays in the
development or delivery of products or services specified in customer
contracts which may cause the actual renewal rates and amounts to differ from
historical experiences. Changes in foreign currency exchange rates may also
impact the amount of revenue actually recognized in future periods.
Accordingly, there can be no assurance that contracts included in backlog
estimates will actually generate the specified revenues or that the actual
revenues will be generated within the corresponding 60-month period.

Backlog should be considered in addition to, rather than as a substitute for,
reported revenue and deferred revenue.

Forward-Looking Statements

This press release contains forward-looking statements based on current
expectations that involve a number of risks and uncertainties. Generally,
forward-looking statements do not relate strictly to historical or current
facts and may include words or phrases such as “believes,” “will,” “expects,”
“anticipates,” “intends,” and words and phrases of similar impact. The
forward-looking statements are made pursuant to safe harbor provisions of the
Private Securities Litigation Reform Act of 1995.

Forward-looking statements in this press release include, but are not limited
to, statements regarding: (i) expectations that Online Resources’ electronic
bill payment capabilities will be highly valued by our financial institution
customers; (ii) expectations that, following the acquisition of Online
Resources, we will be better able to provide increased value to our customers
and growth to our investors; (iii) expectations that we will generate $19.5
million in annual cost synergies, of which $12 million will be realized in
2013; (iv) expectations that revenue in the second half of 2013, as a
percentage of full year revenue, will exceed our historical average due to our
strong sales pipeline and the timing of implementations; and (v) expectations
regarding 2013 financial guidance related to revenue, operating income and
adjusted EBITDA.

All of the foregoing forward-looking statements are expressly qualified by the
risk factors discussed in our filings with the Securities and Exchange
Commission. Such factors include but are not limited to, increased
competition, the performance of our strategic product, BASE24-eps, demand for
our products, restrictions and other financial covenants in our credit
facility, consolidations and failures in the financial services industry,
customer reluctance to switch to a new vendor, the accuracy of management’s
backlog estimates, the maturity of certain products, our strategy to migrate
customers to our next generation products, ratable or deferred recognition of
certain revenue associated with customer migrations and the maturity of
certain of our products, failure to obtain renewals of customer contracts or
to obtain such renewals on favorable terms, delay or cancellation of customer
projects or inaccurate project completion estimates, volatility and disruption
of the capital and credit markets and adverse changes in the global economy,
our existing levels of debt, impairment of our goodwill or intangible assets,
litigation, future acquisitions, strategic partnerships and investments, risks
related to the expected benefits to be achieved in the transaction with Online
Resources, the complexity of our products and services and the risk that they
may contain hidden defects or be subjected to security breaches or viruses,
compliance of our products with applicable legislation, governmental
regulations and industry standards, our compliance with privacy regulations,
the protection of our intellectual property in intellectual property
litigation, the cyclical nature of our revenue and earnings and the accuracy
of forecasts due to the concentration of revenue generating activity during
the final weeks of each quarter, business interruptions or failure of our
information technology and communication systems, our offshore software
development activities, risks from operating internationally, including
fluctuations in currency exchange rates, exposure to unknown tax liabilities,
and volatility in our stock price. For a detailed discussion of these risk
factors, parties that are relying on the forward-looking statements should
review our filings with the Securities and Exchange Commission, including our
most recently filed Annual Report on Form 10-K, Registration Statement on Form
S-4, and subsequent reports on Forms 10-Q and 8-K.

                                                            
ACI WORLDWIDE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(unaudited and in thousands, except share and per share amounts)
                                                                 
                                               March 31,         December 31,
                                               2013              2012
ASSETS
Current assets
Cash and cash equivalents                      $ 112,484         $ 76,329
Billed receivables, net of allowances of         168,145           176,313
$8,834 and $8,117, respectively
Accrued receivables                              31,844            41,008
Deferred income taxes, net                       69,347            34,342
Recoverable income taxes                         4,120             5,572
Prepaid expenses                                 20,939            16,746
Other current assets                            15,147          5,816     
Total current assets                            422,026         356,126   
                                                                 
Property and equipment, net                      49,342            41,286
Software, net                                    189,810           129,314
Goodwill                                         603,669           501,141
Other intangible assets, net                     232,114           127,900
Deferred income taxes, net                       20,120            63,370
Other noncurrent assets                         40,235          31,749    
TOTAL ASSETS                                   $ 1,557,316      $ 1,250,886 
                                                                 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable                               $ 40,003          $ 33,926
Accrued employee compensation                    33,342            35,194
Current portion of term credit facility          50,000            17,500
Deferred revenue                                 148,909           139,863
Income taxes payable                             4,732             3,542
Deferred income taxes, net                       330               174
Accrued and other current liabilities           34,211          36,400    
Total current liabilities                       311,527         266,599   
                                                                 
Noncurrent liabilities
Deferred revenue                                 56,456            51,519
Note payable under term credit facility          432,500           168,750
Note payable under revolving credit              188,000           188,000
facility
Deferred income taxes, net                       13,854            14,940
Other noncurrent liabilities                    29,253          26,721    
Total liabilities                               1,031,590       716,529   
                                                                 
Commitments and contingencies
                                                                 
Stockholders' equity
Preferred stock; $0.01 par value;
5,000,000 shares authorized; no shares
issued
and outstanding at March 31, 2013 and            -                 -
December 31, 2012
Common stock; $0.005 par value; 70,000,000
shares authorized; 46,606,796
shares issued at March 31, 2013 and              232               232
December 31, 2012
Treasury stock, at cost, 6,769,149 and
7,159,023 shares at March 31, 2013
and December 31, 2012, respectively              (179,088  )       (186,784  )
Additional paid-in capital                       531,248           534,953
Retained earnings                                197,821           199,987
Accumulated other comprehensive loss            (24,487   )      (14,031   )
Total stockholders' equity                      525,726         534,357   
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     $ 1,557,316      $ 1,250,886 

                                                              
ACI WORLDWIDE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited and in thousands, except per share amounts)
                                                                   
                                                  Three Months Ended March 31,
                                                    2013          2012    
                                                                   
Revenues:
Software license fees                             $  43,520        $ 50,910
Maintenance fees                                     58,634          43,735
Services                                             23,929          22,852
Software hosting fees                               35,914        20,128  
Total revenues                                      161,997       137,625 
                                                                   
Expenses:
Cost of software license fees (1)                    5,918           4,932
Cost of maintenance, services, and hosting           61,871          40,891
fees (1)
Research and development                             37,149          30,933
Selling and marketing                                25,074          20,698
General and administrative                           25,037          34,362
Depreciation and amortization                       10,957        7,422   
Total expenses                                      166,006       139,238 
                                                                   
Operating loss                                       (4,009  )       (1,613  )
                                                                   
Other income (expense):
Interest income                                      131             249
Interest expense                                     (3,897  )       (1,891  )
Other, net                                          3,165         878     
Total other income (expense)                        (601    )      (764    )
                                                                   
Loss before income taxes                             (4,610  )       (2,377  )
Income tax benefit                                  (2,444  )      (555    )
Net loss                                          $  (2,166  )     $ (1,822  )
                                                                   
Loss per share information
Weighted average shares outstanding
Basic                                                39,465          36,707
Diluted                                              39,465          36,707
                                                                   
Loss per share
Basic                                             $  (0.05   )     $ (0.05   )
Diluted                                           $  (0.05   )     $ (0.05   )

(1) The cost of software license fees excludes charges for depreciation but
includes amortization of purchased and developed software for resale. The cost
of maintenance, services and hosting fees excludes charges for depreciation.

                                                             
ACI WORLDWIDE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited and in thousands)
                                                                  
                                                 For the Three Months Ended
                                                 March 31,
                                                  2013           2012     
Cash flows from operating activities:
Net income loss                                  $ (2,166   )     $ (1,822   )
Adjustments to reconcile net loss to net
cash flows from operating activities
Depreciation                                       3,764            2,673
Amortization                                       10,422           7,522
Provision for doubtful accounts receivable         475              805
Deferred income taxes                              (6,096   )       3,223
Stock-based compensation expense                   3,950            5,618
Excess tax benefit of stock options                (1,308   )       (1,936   )
exercised
Other                                              1,044            (1,322   )
Changes in operating assets and liabilities,
net of impact of acquisitions:
Billed and accrued receivables, net                30,671           21,988
Other current and noncurrent assets                (440     )       (2,026   )
Accounts payable                                   (9,215   )       (543     )
Accrued employee compensation                      (12,281  )       (28,412  )
Accrued liabilities                                (4,347   )       (10,181  )
Current income taxes                               4,278            (12,189  )
Deferred revenue                                   15,938           3,922
Other current and noncurrent liabilities          238            66       
Net cash flows from operating activities          34,927         (12,614  )
                                                                  
Cash flows from investing activities:
Purchases of property and equipment                (6,241   )       (1,316   )
Purchases of software and distribution             (2,764   )       (776     )
rights
Acquisition of businesses, net of cash            (264,202 )      (270,948 )
acquired
Net cash flows from investing activities          (273,207 )      (273,040 )
                                                                  
Cash flows from financing activities:
Proceeds from issuance of common stock             475              386
Proceeds from exercises of stock options           3,864            4,399
Excess tax benefit of stock options                1,308            1,936
exercised
Repurchases of common stock                        -                (6,241   )
Repurchase of restricted stock and                 (5,520   )       (2,237   )
performance shares for tax withholdings
Proceeds from revolver portion of credit           -                95,000
agreement
Proceeds from term portion of credit               300,000          200,000
agreement
Repayment of term portion of credit                (3,750   )       (3,125   )
agreement
Payments for debt issuance costs                   (9,272   )       (553     )
Payment of acquired debt                           (7,500   )       -
Payments on debt and capital leases               (838     )      (796     )
Net cash flows from financing activities          278,767        288,769  
                                                                  
Effect of exchange rate fluctuations on cash      (4,332   )      867      
Net increase in cash and cash equivalents          36,155           3,982
Cash and cash equivalents, beginning of           76,329         197,098  
period
Cash and cash equivalents, end of period         $ 112,484       $ 201,080  

Contact:

ACI Worldwide
John Kraft, 239-403-4627
Vice President, Investor Relations & Strategic Analysis
john.kraft@aciworldwide.com
 
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