ACI first quarter loss widens

Source: ACI Worldwide

ACI Worldwide, Inc. (NasdaqGS:ACIW), a leading international provider of software for electronic payment systems, today announced financial results for the period ending March 31, 2008.

"The first quarter witnessed a renewed investment in product development and in services personnel to manage both the migration of customers to our latest BASE24 offering as well as the implementation of the record new accounts we booked in prior quarters. We also saw the rate of increase of overall deferred revenue slow down, which would indicate that more of our deferred revenue is converting into current period GAAP earnings. The business itself reflected a steady and typical first quarter performance with a moderated pace of new sales after a healthy fourth quarter,'' said Chief Executive Officer Philip Heasley.

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