ACI Worldwide announced 2Q/14 revenue of $255 million, up $47 million by 23% from the year ago figure while organic revenue was up 4%. Meanwhile, the 12-month backlog increased by $2 million from last quarter to $885 million, while our 60-month backlog increased by $14 million from last quarter to $3.92 billion. Net income skyrocketed to $11 million from the year ago figure of $2 million. Excluding contribution from the pending acquisition of Retail Decisions (ReD), the company is projecting revenue in a range of $1.06 to $1.08 billion for the full year.
Further projections indicate revenue of $250 to $260 million in the third quarter and excludes approximately $15 million of significant integration-related expenses and includes $2 million for the deferred revenue adjustments. The company expects the acquisition of ReD will generate approximately $18 million in revenue and $4 million in adjusted EBITDA for the remainder of 2014 and we will update our financial guidance upon closing. Lastly, our full year 2014 net new sales bookings growth is expected to be in the upper single digit range.
