ACI Worldwide, Inc. (NASDAQ:ACIW) Q1 2022 Results Conference Call May 5, 2022 8:30 AM ET
Company Participants
John Kraft - VP, IR
Odilon Almeida - President and CEO
Scott Behrens - CFO
Conference Call Participants
George Sutton - Craig-Hallum
Peter Heckmann - D.A. Davidson
Sam Salvas - Needham & Company
Pallav Saini - Canaccord Genuity
Operator
Good day, and thank you for standing by. Welcome to the ACI Q1 earnings announcement call. [Operator Instructions] Please note that today's conference is being recorded. [Operator Instructions]
It is now my pleasure to turn the call over to Mr. John Kraft, Senior Vice President of Strategy and Finance. Please go ahead.
John Kraft
Thank you, and good morning, everyone. On today's call, we will discuss the company's first quarter 2022 results and our financial outlook for the rest of the year. We will take your questions at the end. The slides that accompany 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. 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 first quarter 2022 earnings conference call. 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. Once again, we delivered results within our guidance and above consensus.
We continue to execute on the rigorous and disciplined management processes implemented in the last 2 years. It is making our business more predictable and our growth momentum clear. We recorded organic revenue growth of 13% or 14% on a constant currency basis. 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. We expect 2022 to be an inflection point for ACI. We will cement the foundation for accelerating growth towards the range of 7% to 9% by 2024 with gradual margin improvement.
I'm pleased with our operational progress and our significant financial flexibility, which support short- and long-term profitable growth. We have continued buying back ACI shares and ended the first quarter with $178 million remaining on our share repurchase authorization.