OMAHA, Neb. — Transaction Systems Architects Inc. (Nasdaq: TSAI), the parent company of ACI Worldwide, reported Jan. 27 that the company hit revenues of $80.6 million for the first quarter of fiscal year 2005, which ended Dec. 31, 2004. According to a news release, the quarter’s earnings were up 8.9 percent over the same period last year.
Reported earnings per diluted share were 34 cents. Operating income was $22.1 million, with a margin of 27.4 percent. Operating cash flow for the quarter hit $15 million, an increase of approximately $4 million when compared to same period last year.
TSA’s recurring earnings accounted for $42.9 million, or 53 percent, of revenue. Non-recurring earnings was $37.7 million, or 47 percent of revenue.
During the quarter, TSA added 10 new customers; ACI Worldwide, TSA’s largest business unit, added four new customers.
ACI solutions licensed during the quarter included BASE24 and ACI Proactive Risk Manager. ACI also licensed capacity upgrades to 11 customers and licensed eight new applications to existing customers during the first quarter, all of which contributed to the growth.
As a result, FY 2005 revenue expectations have been increased from a range of $279 million to $308 million to a range of $285 million to $308 million. Diluted EPS expectations increase from a range of 79 cents to 94 cents to a range of 86 cents to $1.
