Will frictionless checkout ever take off in retail. arms race fueling the tech sector, Altimeter CEO: Autos will have difficulty to pass on price increases when the industry is deflating, Brookfield CEO on economy: Growth slowing around the world but we focus on long-term businesses, BNY Mellon CEO: Banking crisis 'chapter' is really behind us, Constraints in credit market will create opportunity in private credit, says KKR co-CEO. No. In summary, we delivered another strong quarter in line with guidance and consensus. EBITDA growth of 50% or 49% on a constant currency basis and new ARR bookings growth of 117% compared to the first quarter of 2021. The margin range is a little bit lower than what I would have expected. Who is Who. Who is down. Who does well. Denying reality is a loss of time and energy. Influenced by their cultural values, they had a distinct advantage in business and in life by being able to see opportunities everywhere opportunities previously unseen and that others didnt see at all. And that's why we are so centralizing in real-time payments. Who earns it. They work with a generous purpose and fuel momentum for themselves and others. If you look at bill pay up 8% over last year, and then on the Merchant segment our constant currency, yes its 2% for the quarter, but its up 6% year-to-date, and so the timing of some of the license fee can make a difference in that business. Welcome to the ACI Q1 earnings announcement call. Sure, George. or. | March 25, 2023 Who goes through hell. Our partnership with Ellucian, the industry leader in student information systems, has resulted in the signing of 22 schools. This is a number of quarters in a row, very good to see, but certainly, the last 2 quarters have just been very, very strong from a software license fee perspective. Anything else going on that I should be thinking about in terms of margins in the second quarter? Odilon? As you know, we are in the board of FedNow. Real-time payments had over 60% revenue growth in the quarter, and our fraud detection product was in the mid-20s. We're in the range of $1.415 billion to $1.435 billion. And when you go to Billers, I can tell you that we have never had this strong pipeline as we have today. Get the free daily newsletter read by industry experts. But as Odilon Almeida, global chief executive officer at ACI. We're tracking to our expectations through midyear. And there is no further questions at this time. In these positions, he turned around businesses in the U.S., Europe, Africa, Mexico, Central America and the Caribbean, established WU as the global digital market leader in P2P money transfer, and grew WUs Latin America and Caribbean business by more than 5x in 10 years through organic growth acceleration and successful M&A. First question is from George Sutton of Craig Hallum. Miami-based ACI provides payments software services to banks, merchants and billers worldwide, and it has worked with the Federal Reserveon the central banks FedNow instant payments pilot. Who packs in. Who is shamed. Who topples. Before joining ACI, he served as an operating partner at private equity firm Advent International from 2019 to 2020. Warsop, 56,joined ACIs board in 2015 and became non-executive chairman just five months ago in June, according to his profile on ACIs website. Entering text into the input field will update the search result below, continue to execute on the rigorous and disciplined management processes implemented in the last 2 years. Our next question is from Charles Nabhan of Stephens. The steady cadence of significant business wins validates our three pillar strategy. Please. Last updated: 21 March 2022 at 4:51pm EST. Who is hostile. Good morning and thank you for taking my questions. As President and Chief Executive Officer at ACI WORLDWIDE INC, Odilon Almeida made $8,768,059 in total compensation. Odilon as a name for boys is of Old German origin, and the meaning of the name Odilon is "fortunate or prosperous in battle". ACI Worldwide Inc., a leading global provider of real-time electronic payment and banking solutions, today announced that Odilon Almeida has been appointed President and Chief Executive Officer . Who has tailwind. Who says what. Who has the last word. This is actually Sam Salvas on for Mayank today. I have learned to be nimble by exposing myself to experiences and taking advantage of opportunities as they have arisen in my career. Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition. With that, I will pass it back to Odilon for some closing comments. ACI will undertake a search for a successor. Earlier, Mr. Almeida was President, Americas and Europe, President, Americas, Senior Vice President and Managing Director, Latin America and the Caribbean, Senior Vice President and Managing Director, South America and Regional Vice President, Southern Cone, Americas. We look forward to reporting on our continued progress in the next quarters. These names tend to be more frequently used than Odilon. To help provide for an orderly transition, the Board intends to enter into a transition services agreement with Almeida through November 30, 2022. A native of Brazil, I've lived and worked in cities in the U.S., Canada and Brazil. As someone who has argued for double-digit organic growth for over a decade, the fact you've done it 2 quarters in a row, I have to give you credit. Bank segment revenue grew 38% or 40% on a constant currency basis to $132 million, and segment adjusted EBITDA increased 74% on both a reported and a constant currency basis versus Q1 2021. I'm pleased with the direction and focus of the business, the execution of our strategy and our progress in driving growth and strengthening profitability. He succeeds Odilon Almeida, who is departing from his role as CEO of ACI. ACIs board plans to tap an executive search firm in seeking a permanent CEO replacement, the release said. We will cement the foundation for accelerating growth towards the range of 7% to 9% by 2024 with gradual margin improvement. Read the full story in the exechange report 46.2022 ($). We announced a $250 million share repurchase authorization in December with plans to use a significant portion of this in the near term. We reported organic growth of 13% or 14% on a constant currency basis, and EBITDA growth of 10% or 11% on a constant currency basis. Who assists. So I wouldn't look at anything structural with Q2 in particular. Who is replaced. We ended the quarter with $115 million in cash on hand, a debt balance of $1 billion and a net debt leverage ratio of 2.4x, which is just under our 2.5x target. Bigger than the pipeline that we have 2 quarters ago. This type of adaptability has enriched my professional capabilities, enabled me to work with people and organizations regardless of culture, and positioned me for my current role at Western Union., 5. Keep. So the point is we are not only projecting this year to be strong, solid and predictable, but also we are coming with a very strong not only pipeline, but fine to guarantee that we have also a bright year next year. Sign up and receive our free newsletter every Monday morning. 1943), Belgian football player, winner of the Belgian Golden Shoe; Odilon Redon (1840-1916), French painter and printmaker Who is under. ACI Worldwide, Inc. (NASDAQ:ACIW) Q1 2022 Results Conference Call May 5, 2022 8:30 AM ET, Good day, and thank you for standing by. 16 Agency Leaders Explore The SEO Trends Impacting Their Work In 2023, 15 Smart Ways To Address High Employee Turnover, How Vietnam's Entertainment Industry Can Increase Its Global Reach, 6 Best Practices For CEOs And Professional Leaders Using LinkedIn, The Startup Formula Myth: 3 Things Every Biz Dev Professional Should Prioritize, Political Debates In The Workplace: Navigating 3 Strategies For Leaders, Dont Wait: Take These Steps To Avoid Burnout Now, What Retailers And Nonprofits Can Learn From Each Other About Driving Advocacy. Odilon Almeida Age : 60 Public asset : 2,411,753 USD Linked companies : Millicom International Cellular S.A. Summary Odilon Almeida is on the board of Millicom International Cellular SA and Member of Young Presidents' Organization, Inc. Who presides. There are 1 older and 7 younger executives at ACI Worldwide Inc. [Operator Instructions]. Odilon Almeida's bio reads as follows: President and Chief Executive Officer of ACI since March 2020 Served as an Operating Partner at Advent International, one of the world's largest private equity funds, from 2019 to 2020 Yes, I mean the bank strength, and we kind of said this coming out of the fourth quarter last year with strong exit to 2021. On average, Mr trades about 6,419 units every 78 days since 2014. Who stumbles. Guest Contributions For example, 30 percent of our consumer to consumer transfers fund education. He was born in Brazil and he and his family live in Miami, FL. We help move money for global workers, for general consumers and for small businesses. All Rights Reserved. As of 8 November 2021 he still owns at least 184,410 units of ACI Worldwide Inc stock. We will then open the line for questions. Odilon Almeida - President and CEO. We expect revenue growth to be in the mid-single digits on a constant currency basis or in the range of $1.415 billion to $1.435 billion, and we expect full year adjusted EBITDA of $400 million to $415 million. Odilon Almeida is the president, chief executive officer and a member of the board of ACI Worldwide, a provider of real-time electronic payment and banking solutions. Who designs. Who sits. ACI said: Thomas Warsop, formerly the non-executive Chair of the ACI Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. Our pipeline is significantly better than it was 3 months ago, 6 months ago. I think all the input -- all the focus on the international areas are paying back. Some of them are AR for banks and intermediaries. Who is gone. On this mornings call is Odilon Almeida, our President and CEO; and Scott Behrens, our CFO. So you buried the lead again. I wouldn't look at Q2 kind of stand-alone as anything. Who is a friend. It is making our business more predictable and our growth momentum clear. When you talk about Merchants, that's the same case. Leadership is all about personal values. Hello everyone! Mr. Odilon Almeida was first elected to the Board of Millicom in May 2015. 1. I would -- if you look at it, it's a pretty wide range on revenue and in particular on EBITDA. Peter, just to complement what Scott is saying is there is an important change here, which is cultural, and it's not extrinsic to -- ACI is intrinsic to ACI, which is our culture of accountability and operational discipline. And the other main belief that we have, as I said before, 1 of the 4 pillars of growth in international markets and that those international markets continue to overdeliver for us. So that's kind of why we put that range in there. ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. There are hills and valleys, but that cultural perspective must always be kept at the forefront., 3. We are off to a strong start in 2022. About us Who is successful. We had wins from across Asia, the Pacific, the Middle East, Africa, Europe, Latin America and closer to home in North America. We all can learn to realize these six characteristics by embracing the immigrant mentality that accounts for 40% of Fortune 500 companies, which were founded by immigrants or their children. And finally our Biller segment revenue grew 8% on a reported and constant currency basis, while adjusted EBITDA decreased 18% or 19% on a constant currency basis versus Q2 last year. H is employment was "terminated as President & CEO of the Company," according to an ACI filing with the Securities and Exchange Commission. We will cement the foundation for accelerating growth towards the range of 7% to 9% by 2024 with gradual margin improvement. This website uses cookies so that we can provide you with the best user experience possible. For him, it's integrity, accountability, diversity, and respect. Who is victor. First quarter revenue totaled $323 million, up 13% or 14% on a constant currency basis from Q1 last year. These results underscore the predictability, resilience and momentum of our growth. I find it very important to get to know what motivates my colleagues and how to bring my values to the table in a way that strengthens partnerships in terms of mutuality. I'd say that we really saw a lot of -- there was pent-up demand, if you look at -- in particular, on the bank side on license in the early part of last year that really picked up in the second half. We are pleased to deliver another quarter of results in line with guidance and consensus. To help provide for an orderly transition, the Board intends to enter into a transition services agreement with. Odilon as a name for boys is of Old German origin, and the meaning of the name Odilon is "fortunate or prosperous in battle". A company spokesperson declined further comment. Who is dismissed. Secure and increase the performance of your investments with our team of experts at your side. Odilon Almeida. We recorded organic revenue growth of 13% or 14% on a constant currency basis. Thanks Odilon and good morning everyone. Got it. Mr. Odilon Almeida was first elected to the Board of Millicom in May 2015. Today's call is subject to safe harbor and forward-looking statements, like all of our events. And thank you for joining our second quarter 2022 earnings conference call. Odilon Almeidas duties as CEO will be taken over temporarily by Thomas (Tom) Warsop, most recently non-executive Chairman at ACI Worldwide Inc., as Interim Chief Executive Officer. Adjusted EBITDA for the quarter was $68 million, up 50% or 49% on a constant currency basis from Q1 2021. During his 30+ year career, he has set strategy and led growth acceleration involving retail and digital transformations, organic expansion and the acquisition and integration of new businesses. We are also very, very happy about this 2 quarters with double digit. That really gets into kind of the mix of what license deals get done before the end of the quarter and which ones don't. 2023 CNBC LLC. Mr Almeida owns over 15,352 units of ACI Worldwide Inc stock worth over $4,711,676 and over the last 9 years he sold ACIW stock worth over $2,984,293. We do have questions coming in, okay. We have a very strong pipeline in Billers. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. When you talk about Merchants, you can see that in Merchants, we are going back to 8% constant currency basis, we believe that this segment can give double-digit growth, around 10%, low teens, I would say. Odilon Almeida. Coming from a culture that is family-oriented, I draw inspiration from my parents. The executive spent much of his career working at Western Union. Revenue for the quarter was $340 million, up 13% or 14% on a constant currency basis from Q2 last year. Thank you, and good morning, everyone. Who kicks back. You can find the full text of both statements on the first and final pages of our presentation deck, a copy of which is available on our website and with the SEC. On todays call we will discuss the companys second quarter 2022 results and ACIs financial outlook for the rest of the year. Who is vested. Odilon Almeida is the president, chief executive officer and a member of the board of ACI Worldwide, a provider of real-time electronic payment and banking solutions. DEMOGRAPHICS), Odilon has yet to be listed in the list thus far. On average, ACI Worldwide Inc executives and independent directors trade stock every 44 days with the average trade being worth of $1,160,558. In a recent interview, Odilon Almeida shared his perspective on the six characteristics that define this immigrant mentality - and how they influence his leadership role to this day. And then I just had a quick follow-up. So real-time up 60%. Almeida: I have faced very volatile markets and moments in Brazil and Latin America, from hyperinflation to all kinds of economic plans and political instability. Get started Central government mandates continue to be the difference maker for faster adoption of real-time payments around the globe. Find your friends on Facebook. Who is at rest. Perfect! Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come. Almeida to Assume Role Effective March 9, 2020 Two Decade Payment Industry Veteran Brings Track Record of Value Creation and Proven Expertise Leading Digital Transformations . We keep you up to date on the latest CEO changes. View Odilon Almeida results in Florida (FL) including current phone number, address, relatives, background check report, and property record with Whitepages. Joe Vafi, managing director of equity research at Canaccord Genuity, called Almeidas firing a little bit of a head scratcher.. The slides accompanying this call and webcast can be found at www.aciworldwide.com under the Investor Relations tab and will remain available after the call. Who gives in. Payments software firm ACI Worldwidehas parted ways with now former CEO Odilon Almeida and appointed Thomas Warsop as interim CEO, effective immediately. Who is an enemy. That is the combination of the market reacting, but it's also the combination of our international expansion of Merchants. And a lot of that license, you would drop to EBITDA as well. September 28, 2022. Who resigns. Who loses. It did come as a surprise, especially right after the company reported third-quarter earnings Nov. 2, he added. Important URLs: A former top executive at Western Union, Almeida replaces Phil Heasley, who ran the . Please enable Strictly Necessary Cookies first so that we can save your preferences! Awesome. It wasn't just in kind of our traditional issuing, acquiring where the BASE24 product is. And I think if you look at the performance last year, you can see that as an improvement, and I would expect and that we are well positioned this year to continue to get closer to the double-digit growth. 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He earned his Master of Business Administration (MBA) at Getulio Vargas Foundation in Sao Paulo Brazil and his Bachelor, Civil Engineering at Maua Engineering School in Sao Paulo, Brazil. When you go to Billers. We pay our employees in 45 different currencies. Please. Who is over. We have continued buying back ACI shares and ended the first quarter with $178 million remaining on our share repurchase authorization. We are reiterating our full year guidance. So -- but I think if you look at combined Q1, Q2, first half year-over-year, that would imply -- at the low end of the range would imply a 10% revenue growth and EBITDA growth in the mid-teens. You may disconnect your lines at this time and have a great day! Works at Associao I Capoeira. Who goes behind. [Operator Instructions] Your next question comes from Joe Vafi from Canaccord Genuity. As a follow-up, I know, Scott, you give real-time numbers in your Q, but we haven't seen that yet. Biller's segment revenue was flat with last year on a reported and a constant currency basis, and the Biller segment adjusted EBITDA decreased 23% and or 22% on a constant currency basis versus Q1 2021. So it is like the last technology that will be available, which will give our clients much more speed to go to the market, much easier to make changes to adapt the product and so forth. He is the Chairman of the Compliance and Business Conduct Committee. Thanks, Odilon, and good morning, everyone. Odilon Almeida - President, Chief Executive Officer Scott Behrens - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Pallav Saini - Canaccord Genuity Brett. And what some potential areas of interest might be in the near term? Llopis: A 21st century leader must understand the importance of having everyones best interests at heart. Odilon Almeida, Aci Worldwide Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Europe Bloomberg Daybreak Europe. Who mourns. Merchant segment revenue increased 6% or 8% on a constant currency basis, while Merchant segment adjusted EBITDA was flat or down 3% on a constant currency basis versus Q1 last year. growth of 117% compared to the first quarter of 2021. All rights reserved. Thank you, John. Opinions expressed by Forbes Contributors are their own. Scott? The meaning of Odilon is "prosperous in battle". Famous bearers include 19th century French prime minister Odilon Barrot and symbolist painter and printmaker Odilon (born Bertrand . Some examples include: Maybank is the largest financial services group in Malaysia with strong regional footprint in Asia. Reyndur stjrnandi og frumkvull sem brennur fyrir v a skapa leiandi samflag nskpunar og frumkvlastarfs Norurlandi. For Q2 2022, we expect revenue to be in a range of $325 million to $345 million, and adjusted EBITDA to be in a range of $55 million to $75 million. Data is a real-time snapshot *Data is delayed at least 15 minutes. Who can say it? He also took courses from IMD and Harvard Business School. The estimated Net Worth of Odilon Almeida is at least $8.65 Million dollars as of 8 November 2021. Who is hired. Who is successor. Japan Card Network, Japans Central domestic payments network has selected ACI as its digital platform partner to modernize its payment infrastructure. Trusted information source for millions of people worldwide . Who is missed. Who will be back. They had 3 children: Sandra de Oliveira Limaand 2 other children. Who accepts. Our Boots on the Ground approach continues to deliver significant wins across international markets. Sure, Sam. Work with a Generous Purpose (Share Momentum with Others). But in parallel, we have all the modernization of our offering, where we are building this next generation of payments, cloud native, that is -- that we're going to have like the minimum viable product already in the beginning of next year. Watch Odilon Almeida, Western Union Executive Vice President of the Americas & European Union, talk to Sky News about how WU puts the consumer first. Would have anticipated Biller to be a little stronger with the modernized interface. They are excited about this new technology that we are building, and that's all about the future. A 21st century leader understands the importance of reciprocity and how legacies are built. From my life experience to date -- in several countries with distinct and unique cultures -- I have found that once you can develop a shared sense of the reality you are approaching, bringing people together to share a journey and a vision can lead to infinite possibilities., 2. It looks like the bank business has been superb, and I guess we can thank Jerome Powell for some of that. I am fluent in English, Spanish and Portuguese. Origin: German. What are maybe some of the opportunities there for you in the near to medium term? Now let me turn to some recent wins. Mr. Almeida strengthens the Millicom Board with decades of experience from the financial services and fintech sectors, and a leadership style anchored in growth acceleration and business turnarounds involving retail and digital transformation, organic growth and successful M&A. Who has headwind.
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