ACI Worldwide, Inc. (NASDAQ:ACIW) Q3 2022 Results Conference Call November 2, 2022 8:00 AM ET
Company Participants
John Kraft - Senior Vice President of Finance and Strategy
Odilon Almeida - President, CEO and Director
Scott Behrens - Executive VP, CFO and CAO
Conference Call Participants
Mayank Tandon - Needham & Company
Peter Heckmann - Davidson
Joseph Vafi - Canaccord Genuity
Mark Palmer - BTIG
George Sutton - Craig-Hallum Capital
Charles Nabhan - Stephens Inc
Operator
Good morning. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the ACI Worldwide Quarter 3 Earnings 2022 Conference Call. [Operator Instructions]
Thank you. Mr. John Kraft, Senior Vice President of Finance and Strategy, you may begin your conference.
John Kraft
Thank you, and good morning, everyone. On today's call, we will discuss the company's third quarter 2022 results and financial outlook for the rest of the year. We will take your questions at the end. The slides accompanying this call and webcast can be found at aciworldwide.com under the Investor Relations tab and will remain available after the call.
Today's call is subject to safe harbor and forward-looking statements like all of our events. 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 this morning's call is Odilon Almeida, our President and CEO; and Scott Behrens, our CFO.
Before I turn it over, I'd like to say that ACI will attend the Citi 2022 Fintech Conference in New York City on November 15 and the Stephens Annual Investment Conference in Nashville on November 17.
With that, I'd like to turn the call over to Odilon.
Odilon Almeida
Thank you, John. Hello, everyone, and thank you for joining our third quarter 2022 earnings conference call. We are pleased to have delivered another quarter of revenue in line with guidance. We have demonstrated the resilience of ACI's business in a macro environment pressured by foreign exchange and inflation.
Despite the macro environment headwinds, it is significant that we can maintain our full year 2022 constant currency revenue growth in the mid-single digits after factoring in the corporate online banking divestiture. Revenue for the quarter was up 1% adjusted for FX and by divestiture adjusted EBITDA was down 36%, adjusted by FX and the divestiture.