ACI Worldwide, Inc. (NASDAQ:ACIW) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET
Company Representatives
Odilon Almeida - President, Chief Executive Officer
Scott Behrens - Chief Financial Officer
John Kraft - Head of Strategy and Finance
Conference Call Participants
George Sutton - Craig Hallum
Charles Nabhan - Stephens
Operator
Good day ladies and gentlemen and welcome to the ACI Worldwide, Second Quarter 2022 Conference Call. All lines have been placed on a listen-only mode and the floor will be open for your questions and comments following the presentation. [Operator Instructions].
At this time, it is my pleasure to turn the floor over to your host, John Kraft, Head of Strategy and Finance. Sir, the floor is yours.
John Kraft
Thank you and good morning everyone. On today’s call we will discuss the company’s second quarter 2022 results and ACI’s 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 www.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.
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 second quarter 2022 earnings conference call. We are pleased to deliver another quarter of results in line with guidance and consensus. These results underscore the predictability, resilience and momentum of our growth. It proves that our three-pillar strategy: fit for growth, focus on growth and step change value creation is working, and that our continued focus and disciplined execution of this strategy is gaining traction.
Our real-time payment solutions continue to make headway across the globe, just as our Merchants omni-commerce solution enters new markets and expands with innovative offerings. Our Boots on the Ground approach continues to deliver significant wins across international markets.
Work is underway on our next-generation, real-time payments cloud platform, and we expect the release of the minimum viable product in the first quarter of 2023.We expect the divestiture of our corporate online banking solutions to close in the third quarter of 2022, and our continuous rigorous review of divestitures and acquisitions opportunities to maximize shareholder value remains unchanged.