Naples, FL-based ACI Worldwide total revenues rose 5.1% in the first quarter to $232.8 million. The figure was sharply lower than the fourth quarter’s $290.2 million.
Overall sales bookings, including term extensions, increased 23% compared to the prior year quarter. New sales bookings, net of term extensions (SNET), decreased 9% compared to the prior year quarter.
We ended Q1 with a 12-month backlog of $889 million and a 60-month backlog of $4.1 billion. After adjusting for foreign currency fluctuations, our 12-month backlog remained essentially flat and our 60-month backlog increased $30 million from Q4 2014.
Non-GAAP revenue in Q1 was $233 million, an increase of $11 million, or 5%, above the prior year quarter.
Non-GAAP operating income was $10 million for the quarter, up 45% from last year’s $7 million. Adjusted EBITDA of $37 million was up 16% from last year’s $32 million. Net EBITDA margin in Q1 2015 was 18% versus 16% margin last year, after adjusting for $31 million and $28 million of pass through interchange fees in Q1 2015 and Q1 2014, respectively.
Q1 non-GAAP net income was $2 million, or $0.02 per diluted share, versus a non-GAAP net loss of $2 million, or ($0.01) per diluted share in Q1 2014.
ACI ended the first quarter with $68 million in cash on hand.
ACI TOTAL REVENUES
Q1/14: $221.5 million
Q2/14: $228.1 million
Q3/14: $249.6 million
Q4/14: $290.2 million
Q1/15: $232.8 million
Source: ACI; CardData
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