Glenn Llopis: A 21st century leader sees opportunities everywhere, every day, and makes the most of them. We recently launched ACI Smart Engage, a mobile engagement platform. Through this I learned to focus on outcomes and not dwell on how to get there. VP & Chief Revenue Officer. We repurchased 1.1 million shares during the quarter for $38 million and have $178 million remaining on our current repurchase authorization as of the end of March. Who is Who. This is actually Sam Salvas on for Mayank today. Our 3-pillar strategy is working. Who is welcomed. A former top executive at Western Union, Almeida replaces Phil Heasley, who ran the . Want to share a company announcement with your peers? He stabilized and accelerated the global business growth, while driving transformational growth in the digital business, establishing Western Union as the global digital leader in P2P cross border money transfer. Also, we are moving fast in merchants for real-time payments every place that we can at that kind of service. Whos number 1. Please enable Strictly Necessary Cookies first so that we can save your preferences! So I think it is more of an effort on sales effort than anything else. The largest trade he's ever made was selling 81,008 units of ACI Worldwide Inc stock on 7 June 2018 worth over $1,701,168. This greater purpose is important immaterial of rank and file. And thank you for joining our second quarter 2022 earnings conference call. Keep. I know you guys touched on it earlier in the call, but I just wanted to ask about the M&A pipeline. In his four years at the multinational beverage corporation, he served as marketing director for Brazil and chief of staff for Latin America operations. 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. (TOP BABY NAMES, 2018). And I would really emphasize the other pillar of growth. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Who is sorry. Please disable your ad-blocker and refresh. So when we talk about ARR, we are talking about the first year expected revenue after we launch that client and we have a growth of like more than 40% this year, and we are projecting very strong growth for this year. But the merchant piece of the business has been slowing and the recurring revenue slowing, and I just wanted to make sure we understood sort of what is causing that to occur? Western Union Who is fired. For him, it's integrity, accountability, diversity, and respect. Who stumbles. Mr Almeida owns over 15,352 units of ACI Worldwide Inc stock worth over $4,864,736 and over the last 9 years he sold ACIW stock worth over $2,984,293. It is hard and it is a day-to-day matter. Billers, we spent a lot of time and effort on migrating from the data center of Western Union last year. Log In. So I'm very confident about the pipeline of Billers, I'm very confident about the signing of Billers this year. It is making our business more predictable and our growth momentum clear. On this morning's call is Odilon Almeida, our President and CEO; and Scott Behrens, our CFO. Who resigns. Who is at eye level. Who is a follower. This year, we are cementing our mid-single-digit organic growth and positioning the company to deliver upper single digits by 2024. I have seen people struggle with reality and spend much time and effort to deny it. Who kicks back. Yes, this is Scott. A lot of consolidation happened. He has been a Board Member of Millicom International (NASDAQ US:TIGO; NASDAQ Stockholm: TIGO_SDB) and Chairman of its Compliance. These results underscore the predictability, resilience and momentum of our growth. 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. We repurchased a little more than 900,000 shares for $25 million during the quarter and have repurchased approximately 2 million shares for $63 million year-to-date, and we have $154 million remaining on our current repurchase authorization as of the end of June. Thank you, Scott. Mary Harman, Nominating & Corporate Governance Committee Chair, said: As ACI advances its vision to lead the real-time payments revolution, the Board determined that now is the right time to transition to a new leader focused on accelerating our technology transformation and delivering operational excellence across our business. Odilon Almeida:I hail from Sao Paulo, Brazil, and live in the US. Nice results. Who is not named. 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. I thank our ACI employees for their dedication and our partners and customers for their trust. It helps bring them into NACHA compliance while enhancing their payment offerings. Who is shamed. Odilon is a given name of French origin. 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. Almeida had served as the companys president and CEO since March 2020. . Who is over. Also, we have a very strong pipeline of ARR in banks, which is new for us with a lot of new logos that are really looking to our cloud offering. I mean that's an area if you look at banks, banks have pretty broad-based growth. South Koreas Lotte Card Co., a leading credit card conglomerate with the largest distribution and service network nationwide, has appointed ACI to build the core foundation of its credit card business. I am on this journey. Odilon Almeida See Photos I'm pastor of biblical shcool New Time at Missao Oeste Do Par Lives in Manaus, Brazil Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Odilon Almeida See Photos Lives in Guarulhos Odilon Almeida See Photos Lives in Maring Odilon Almeida See Photos Odilon Almeida Please go ahead George. On average, ACI Worldwide Inc executives and independent directors trade stock every 44 days with the average trade being worth of $1,160,558. 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. 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 net new ARR bookings in Q1 were $21 million, more than double what we signed in Q1 last year. ACI Worldwide, Inc. (NASDAQ:ACIW) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET, Odilon Almeida - President, Chief Executive Officer, John Kraft - Head of Strategy and Finance. I think all the input -- all the focus on the international areas are paying back. On todays call we will discuss the companys second quarter 2022 results and ACIs financial outlook for the rest of the year. You may now disconnect. Got a confidential news tip? 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. Is this happening to you frequently? The Middle East is taking strides towards real-time payments as national governments prioritize infrastructure modernization. Most recently, he was President, Western Union Global Money Transfer, where he headed the companys $5B consumer business in 200+ countries and territories. I think real-time payments is the star, right? Who is missed. Who is familiar. Who can say it? Keep your Immigrant Perspective (See Opportunity in Everything). We help move money for global workers, for general consumers and for small businesses. Whos obsolete. Who fights for money. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='MMERGE3';ftypes[3]='text';fnames[4]='MMERGE4';ftypes[4]='text';}(jQuery));var $mcj = jQuery.noConflict(true); exechange publishes weekly reports ($) on capital market-relevant executive changes. Thanks Odilon and good morning everyone. 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. Im pleased with the consistency of our performance and our significant financial flexibility, which support short and long term profitable growth. Log in or sign up for Facebook to connect with friends, family and people you know. ACI will undertake a search for a successor. We are expecting a good year in 2023 with the pilot. There are no other questions at this time. Now, let me turn to some latest trends and wins. Odilon Almeida - President, Chief Executive Officer Scott Behrens - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Pallav Saini - Canaccord Genuity Brett. When we went out of our Q4 earnings, we said we are continuing to see that here in the first half of this year. Who packs out. As announced by ACI Worldwide Inc. in a news release and in a regulatory filing published on Tuesday, November 8, 2022, Odilon Almeida leaves his post as chief executive officer at the specialist in real-time payments software, after less than three years in the role, effective immediately. 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. Adjusted EBITDA for the quarter was $66 million up 10% or 11% on a constant currency basis from Q2 last year, and net new ARR bookings in Q2 were $18 million, up 3% from Q2 last year and up 43% year-to-date. If you have an ad-blocker enabled you may be blocked from proceeding. [Operator Instructions]. We are not hearing that at this moment, so Ive not heard anything from banks in Middle East or in Europe or even in Europe right or in Asia or Latin America or United States about delaying investments at this point. Western Unions culture is shaped by five behaviors that guide our actions: Inspired, Connected, Driven, Game Changer and Responsible. Working to achieve this requires commitment, resilience and a sense of urgency, and as a truly global company our employees bring this to the fore every day based not only on their own diversity and passion for what they do, but that also of our customers., 4. Odilon? Thank you all for joining us today, and now we will open for Q&A. Popularity: 10337. So I would say top of mind for banks around the globe, if youre asking me about you know recession, I mean whats happening with the economy, I think my line on that is it depends on how deep it is, how last it will go. growth of 117% compared to the first quarter of 2021. View Odilon Almeida results in Florida (FL) including current phone number, address, relatives, background check report, and property record with Whitepages. 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. Who is chief. 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. Odilon as a name for boys is of Old German origin, and the meaning of the name Odilon is "fortunate or prosperous in battle". I bring with me a desire and sensibility to share the journey with my peers and direct reports. If you peel that back even further on the bank side, really thats a lot of thats being powered by real-time payments, which you know through the first half of the year is up almost 50% over last year, so a lot of strength there. Almeida: My father taught me to appreciate life and live life to the fullest. He qualifies as independent of major shareholders as well as the Company and its management according to the Swedish Code of Corporate Governance, and relevant rules of the Nasdaq Stock Market. 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Payments software firm ACI Worldwidehas parted ways with now former CEO Odilon Almeida and appointed Thomas Warsop as interim CEO, effective immediately. As President for the Americas and European Union Region, Odilon Almeida is responsible for Thank you, John. We expect 2022 to be an inflection point for ACI. Employ your Circular Vision (Anticipate the Unexpected). We are off to a strong start in 2022. In addition, he makes $801,335 as Pres and CEO & Director at ACI Worldwide Inc. Mr has made over 11 trades of the ACI Worldwide Inc stock since 2014, according to the Form 4 filled with the SEC. And then I just had a quick follow-up. POC, owned and operated by Executive Mosaic, regularly reports news on the government contracting industry and the many types of companies involved in it. EBITDA growth of 50% or 49% on a constant currency basis and new ARR bookings. 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. We see the results of these investments as we enter new markets and cross-sell to existing customers. nominating and corporate governance committee, described the CEO ouster in the press release as a needed leadership change. Almeida graduated from Maua Institute of Technology with a bachelors degree in civil engineering before completing his Master of Business Administration degree from the Getulio Vargas Foundation. Who steps down. Some are divestitures, some are acquisitions, all of them are accretive to the company. Like many who have found success in leadership positions, he embodies the six characteristics that define what it means to be a 21st century leader. I'm pleased with our operational progress and our significant financial flexibility, which support short- and long-term profitable growth. Thank you, guys. With that, I will pass it back to Odilon for some closing comments. With that, I'd like to turn the call over to Odilon. 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. Mastercard cannot afford to ignore AI, CEO says, 2023 Economic Insight & Best Practices in Financial Risk Management, Why Spending Less May Be Good News for Card Companies, US, UK Households Are Cash-Stuffing to Cope With Cost-of-Living Jump, Instant Bank Payments: The Promise of a Faster Future, Money Movement, Uninterrupted: Building Resilient Payment Operations, Modernize Your Payment Stack to Increase Flexibility and Reduce Spend. Sign up for free newsletters and get more CNBC delivered to your inbox. Turning to our segment results. Unleash your Passionate Pursuits (Strive for Excellence). Who leaves late. I think that is really the change that we're seeing in the company related to the culture of accountability and the culture of operational discipline. Who steps up. Who is confidant. He extended his education at Harvard Business School, The Wharton School and the International Institute of Management (IMD). So very, very positive about the trends with banks. Who is up. John Kraft - VP, IR. Who has a say. And as a follow-up, I wanted to get some color on a high level on what youre seeing in terms of bank spending and how much of a priority payments is given the current macro backdrop, and what youre hearing from your conversations with your bank clients? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. This is Pallav Saini on for Joe. The executive spent much of his career working at Western Union. Who is selected. It is making our business more predictable and our growth momentum clear. Joe Vafi, managing director of equity research at Canaccord Genuity, called Almeidas firing a little bit of a head scratcher.. That's a great question because the pipeline is all about the future. Who is ousted. People named Odilon Almeida Da Silva. This website uses cookies so that we can provide you with the best user experience possible.
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