News

ACI parent's earnings up in fiscal '04

October 26, 2004

OMAHA, Neb. - Transaction Systems Architects, Inc. (Nasdaq: TSAI), parent of transaction processing software provider ACI Worldwide, reported net income of $10 million, or 26 cents per diluted share, on revenue of $69.7 million for the fourth quarter ended Sept. 30. This compares to net income of $9.1 million, or 25 cents per diluted share, for the same period last year.

For the latest quarter, revenue was comprised of software license fees of $36.2 million, maintenance fees of $21.7 million and services fees of $11.8 million. The company's recurring revenue was $43.6 million, or 63 percent of total revenue, and non-recurring revenue was $26.1 million. Recurring revenue consisted of monthly license fees of $19.6 million, maintenance fees of $21.7 million and facilities management fees of $2.3 million. 

During the quarter, the company added 21 new customers, 10 of them from ACI Worldwide, its largest business unit. Solutions licensed included BASE24, BASE24-es, ACI Proactive Risk Manager, WINPAY24, and ACI e-Courier. ACI also licensed capacity upgrades to 19 customers and licensed new applications to 17 existing customers during the fourth quarter.

For the 2004 fiscal year ended Sept. 30, the company's revenue was $292.8 million, compared to $277.3 million for fiscal 2003, an increase of 5.6 percent. Net income was $46.7 million, or $1.23 per diluted share, compared to $14.3 million, or 40 cents per diluted share, for fiscal 2003.

Net income for fiscal 2004 includes a net one-time tax benefit of $10.6 million, or 28 cents per diluted share, in the third quarter.

For fiscal 2005, the company projects revenue of $279 million to $308 million and earnings per diluted share of  79 cents to 94 cents.