OMAHA, Neb. - Transaction Systems Architects, Inc. (Nasdaq: TSAI), parent of ACI Worldwide, reported revenues of $74 million for the first quarter of fiscal 2004 ending Dec. 31, an increase of 18.4 percent over the year-earlier quarter. Net income for the quarter was $10 million, or 27 cents per diluted share.
According to a news release, revenues were comprised of software license fees of $41.2 million, maintenance fees of $21.3 million and services fees of $11.5 million.
The company's recurring revenue was $44.3 million, or 60 percent of revenue. Recurring revenue consisted of monthly license fees of $21 million, maintenance fees of $21.3 million and facilities management fees of $2 million.
During the quarter, the company added 15 new customers including eight customers for ACI, its largest business unit. ACI products licensed included BASE24-es, BASE24, ACI Commerce Gateway and ACI Proactive Risk Manager. ACI also licensed capacity upgrades to five customers and licensed 13 new applications to existing customers during the quarter, according to the release.
The company boosted its revenue estimate for fiscal 2004 from a range of $266 million to $287 million to a range of $271 million to $287 million. EPS estimate is now 65 cents to 77 cents a share.
