ACI Worldwide Inc. (NASDAQ:ACIW) Q2 2024 Results Conference Call August 1, 2024 8:30 AM ET
Company Participants
John Kraft - Head of Strategy & Finance
Tom Warsop - CEO, President & Director
Scott Behrens - Executive VP, CFO & Chief Accounting Officer
Conference Call Participants
Pallav Saini - Canaccord Genuity
Peter Heckmann - D.A. Davidson
Charles Nabhan - Stephens
George Sutton - Craig-Hallum Capital Group
Trevor Williams - Jefferies
Jeff Cantwell - Seaport Research
Operator
Ladies and gentlemen, thank you for standing by. At this time, I would like to welcome everyone to ACI Worldwide, Inc. Second Quarter 2024 Financial Results. [Operator Instructions] Thank you.
I would now like to turn the conference over to John Kraft. Please go ahead.
John Kraft
Thank you, and good morning, everyone. On today's call, we will discuss the company's second quarter 2024 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 in our presentation deck and earnings release, both of which are available on our website and with the SEC.
On this morning's call is Tom Warsop, our President and CEO; and Scott Behrens, our CFO. Before I turn it over, I did want to mention that we will be participating in a few upcoming conferences. Canaccord Genuity's 44th Annual Growth Conference in Boston on August 13; the Seaport Financials and FinTech Virtual Conference on August 14; and the 9th annual Wells Fargo FinTech Information and Business Services Forum in Newport, Rhode Island on August 21.
With that, I'll turn the call over to Tom.
Tom Warsop
Thanks, John, and good morning, everyone. I appreciate you joining our second quarter 2024 earnings conference call. I'll start this morning with some brief comments on the quarter and then hand it over to Scott to discuss the detailed financial results and our increased expectations for the remainder of 2024. As always, we'll then open the line for your questions.
Second quarter results were ahead of expectations and of the guidance we provided earlier with total revenue up 16% year-over-year. This outperformance came from higher volumes in our Biller segment as well as increased deal activity within the Bank segment. So let me give you a little more color on each of those segments.