FL-based ACI Worldwide reported
organic revenue was up 7% in 4Q/15 and 3% for the year, (FX adjusted). Total sales bookings up 14% in the fourth quarter and 19% for the year, (FX adjusted).
Net new sales bookings (SNET) up 10% in 4Q/15 and 8% for the year (FX adjusted). Also a 60-month backlog up $162 million in 2015 to $4.3 billion, organic and (FX adjusted).
ACI says its Universal Payments support for our legacy BASE24 customers, we are increasingly confident our recent strategic moves position the Company well for long-term growth.
During the quarter new sales bookings, net of term extensions, (SNET) grew 10% after adjusting for foreign currency fluctuations. Overall bookings, including term extensions, grew 14% after adjusting for foreign currency fluctuations. This term extension growth was higher than anticipated, which resulted in higher commissions and related selling expenses, resulting in a near-term impact to profit.
GAAP revenue in Q4 was $309 million, up 6% from last year. Excluding incremental contribution from the PAY.ON acquisition and adjusting for foreign currency fluctuations, Q4 revenue increased 7% from the same quarter last year.
Q4 adjusted EBITDA of $115 million grew $8 million, or up 8%, from Q4 2014.
ACI ended the year with a 60-month backlog of $4.3 billion and a 12-month backlog of $918 million. Excluding incremental PAY.ON contribution and adjusting for foreign currency fluctuations, our 60-month backlog increased $110 million and our 12-month backlog grew $27 million from Q3 2015.
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