ACIW - Earnings call transcript Q4 2019

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Operator

Thank you for standing by and welcome to the ACI Q4 Earnings Announcement Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] Thank you.

to conference like speaker to now Mr. today would hand over the your I Kraft. John you. Thank may you Sir ahead. go

John Kraft

December and you Thank Sara year quarter earnings and for ending full all joining thank our for call XX, XXXX. you the

joined President CEO Interim and Saks, CFO. and our morning Craig Behrens, I'm this our by Scott

of begin issued filed and earlier note statement included the SEC. we Before take in disclaimer today with forward-looking please our release the press

today's on call about statements forward-looking make will We XXXX including guidance.

our view risks are involved statements reflect and to uncertainties Forward-looking of and we as and under update inherently today this obligation no information.

over With that I'll Craig. turn it to

Craig Saks

Thank you for year call. John. Nonetheless, all I fourth us Good noise you earnings week's conference thank XXXX trust full joining you well aside. morning and market are for everyone. much so our this quarter

like our a announcement we discuss results, take to about first week. would I the to talk we made leadership minutes few Before last

the working which Phil announced identify in his intention to Reynolds successor. Russell to with planning potential process back retire succession to candidates continued be board November, included search firm a his Since has executive working Heasley on

sales a member following of Odilon saw XXXX. Executive will appointed X, ACI as effective process President board and you As was from focus Chief particular on Odilon supporting Almeida Officer serve he also ACI He of March has earnings. the joins Advent operating ACI's companies, a International supported with a as comprehensive growth higher most directors. partner fund’s the an recently and where business that portfolio development at initiatives

to Union's two payments of seasoned multiple has leadership growth Odilon record role value as spanning He with industries look value of with and had global distinguished a chief understanding track digital him Western getting career him are my his has Union shareholder our ACI's as experience expertise at ACI proven to achieve a experience and Odilon creation us Western culminating leading that working officer. companies growth Odilon for Advent, excited with I to strong markets of and we're business. executive goals. prospects transformation. all help in of and and strategy better countries, deep customer is and transformation segments money acceleration transfer forward navigating in to role time have creation. tremendous decades and long-term a his and and as Prior new a president XX-year know

With now that to our results. turn I'll

impacted December. As we our announced call, did principally a adjusted ACI's in customer contractors not large revenue negatively EBITDA in XXXX expected as January and that expansion were by sign

relationship signing however, as did result this expectations. to slipped as this not made well ACI. meet I Recently As new contract announce have expected to pleased other secures our a current the as contract also that to on we progress and customer renews delayed of have deals commitment the contract. XXXX signed an our am into which long-term not bookings our amendment XXXX

While growing incremental at this enables contract focus our and it future a in relationship. time, to us capacity renewal for does framework deliver includes revenue on increases this not

a towards our view mutual well as win-win. expansion future as this a step a the affirmation of positively as next very As partnership I

we for highlights in have very additional minutes. customer that and some momentum some put on position Now with and context would few will like financials share financials, us the fully Scott XXXX follow details well to and into closed a that our beyond. I XXXX our

on positive for year ACI's levels. a many was XXXX

value have a advance the We unique believe to continue and and proposition activity our amid transform Real-Time M&A business We intermediaries, any-to-any of payment billers the of we serving grow needs parts that banks, industry. our merchants.

merchants the areas. and retail payment board strength and pavements ACI's validate Real-Time, across that intelligence wins payments strategic secure to payments, continue e-commerce We leadership and

are strong. pipelines Our

continue leaders. industry solutions to be Our

confident growing about part streams revenue a recurring we and are large our our outlook. and Our are of business

substantial more growth recurring of than contribution represents EBITDA. more revenue consolidated profitability to business which and half with acquisition of increased ACI's revenue and revenue. than both an now revenues our contributes board demand our making per and and over to The important XX% terms speed In scale a acquisition to XXXX ACI XX%

On ACI grew globally. transaction these well areas e-commerce an the revenues solution represent Real-Time in in organic growth key basis particular fastest XXXX, in in growing and of which payments areas also two Strong of positioned validates endpoints areas efforts. positioning ACI is number strategy XXXX reach even opportunities an unmatched share beyond. and global of in greater payment these to our With and season and very

to and places Now ACI additional wins momentum. customer representative number in provider additional segments as accelerate opportunities via and Starting fast I'd growth We revenue growing the billing. of to biller U.S. highlighting to Real-Time pay core segment. our one business the our with this customer customer The like the including payments turn further functionality areas see paid speed subscription the in bill direct

with is together integrate the of and platform tremendous capable improved the roadmap ACI as bring best-in-class back-end continued operating end margins. Our advancing biller Speedpay front scale we

very we We cross-sell wallet In see our digital to existing our solution and retention in to of particular, base. continue patented with early among customers. are mobile base pleased biller our success strong opportunities adding our

including and utilities, we finance consumer government. electronic key QX In both bill signed payment insurance, deals new expanded in and verticals

few me examples. highlight Let a

represented multi the ever U.S. signed. contracts which ACI a was one largest the these with year of largest renewal utilities one in of the of One

deal states a Grange to signed a government provider and support signed Electric, U.S. permit and Another large in experience. leading QX, casualty to customer payment of insurance utility ACI's in mid-Atlantic the paid its electric utilize our payments. Mutual, we QX solution property segment we speed bill the signed which co-ops utilize to will the Also enhance the largest in in was one Clay

customer segment. Shifting to merchant our

world's of the and the largest continues of platform supported growing new prevention we e-commerce of the more XXXX, in in e-commerce be XX% a Our for successful fraud processed needs. We stellar brands holiday winning range business did a and XXXX needs QX, in than ACI season. to transactions globe payment supporting some across Omni-Channel

retailers solutions. secured leading and merchants e-commerce we XXXX our with In

We which better of retailer expanded a also strong in in serve very America. solutions use of customers expansion to merchant had activity QX deals convenience thousands at leading QX its renewal North fuel and a representative across stores included ACI

signed its of also as the of furniture footprint. to use e-commerce grows world's it largest ACI its stores one expand We

better global care giant ACI its selected simplify with A U.S. globally. one Also extending in sportswear ACI in technology the find to auto we the improve relationship its to retail largest payments of companies including supermarkets And of U.S. we biggest and large one giant who customers. to based processes. their many of retailers transaction signed ICA thousands solutions market super serve ACI use Sweden's a

digital payment to seek choice enable public Real-Time continues these supporting and to the organizations provider embrace of payments transformation the as For banks and cloud. intermediaries ACI modernize infrastructures, the APIs be and open

digital meet payments, intelligence complex of payment customer solving Our financial payments leading higher and needs solution payment institutions they needs. enter volumes Real-Time address the to payments, are scale and new retail markets,

a on selected launched both signed of cloud power Microsoft ACI’s QX to -- solution top Azure Microsoft their collaboration retail in XX global payments payment we In are global strategic the XXXX three running three banks of QX. support top the payments global Two in of which to banks and in platforms.

and very as to well see retail solutions in solutions new our India other to markets. and particular exciting both selling Gate logos other market In growth payment Mind is in success with growth the in continue that as investment Real-Time seize market us our into payment opportunity space. Our allowing Real-Time

row. proud second top is very ACI of our say a unaided This year for to the for an a I'm that makers server payment and preferred in was global a brand in decision strong again of payments very validation recognized Real-Time strategy.

ACI's Real-Time another segment volumes. banks in Paribas, intermediary live XXXX. recently increasing included extended of which single currently payments QX countries to one long-term solution. who corporation merged BNP the UP the customer ACI ING, countries consolidating bank sixth during BB&T commitment Some is the the we in seven U.S. and largest and quarter world's to expanded eight of banking form add banking payment a keep its transaction into largest trust payment several systems BNPP and multinational to solution. highlights high-value ACI services retail payment SunTrust is a with in signed up and the its UP also leading use In financial will Real-Time UP

three ready UP in Mexico And both and single as retail In a hub the UP UP payments use immediate systems payments the for of banking retail itself largest utilizing for consolidation of to its the Banorte, Indonesia banks payments. banks of its is of one country's strategy. payment Real-Time one open largest and rollout upcoming expanded payments

first the Middle retail of in in expanded process and Visa the payments new vendor both payment East for geographies. payments largest and certified the UP enters its use MasterCard has the by independent region it International as Network Finally,

moment underpin in industry. confidence and deals growth deals these we working exciting ACI's are on the of in the All the at all prospects in payments many our

we and Our solid XXXX strong expect revenue pipeline growth. is

resources and growing initiatives We implemented also have reallocating towards costs aimed our both several fastest solutions. at reducing

On the we adjust our continue better sales target evolving sales our marketplace. to side processes to

and teams staffed running Our are sales have QX. already ground in hit fully the

dedicated are sales positive Our billers. aligned consulting and teams customer success of a and foundation demonstrating is and with practices transformation segment performance go-to-market This solid tightly intermediaries, of provides focus needs improvement sales, future solution our approach our the results. is who customer to banks, for sales merchants already

the customer survey areas. all expand us. customers to at the by relationships in recent end likelihood renewing satisfaction the most continue, and with addition, XXXX this areas In these customer recommend significantly our team to expanding whole well approach experience to I'd important compliment and scores are in ACI increased with the including efforts relationship in In for categories also responding annual very their of the our our ongoing like of and ACI.

of are the XXXX In about have and a ahead. in off sound. growth years we optimistic start We're opportunities fundamentals summary, in a to good to lot our be

turn much. Thank provide with highlights. financial I'll And you to now call very some Scott over the that additional to

Scott Behrens

for Well, morning to highlights of thanks provide XXXX XXXX. go first Craig the and then and outlook plan through everyone. our I good

I'll be on key from starting takeaways my year. X comments with the slide

with were lower bookings. bookings Our new overall XXXX extensions higher offset term by from down

and as slip did well partially we're as on-demand XXXX. considering into mentioned business the coming of this from to of And traditional from evaluating deals Craig being is contract not large to expansion shifted going solutions. now half base use applicable our expected adjusting to other revenue evolving As more license as that metric was our resolved forward reporting which a future that this more than sign our software be

with and with of year and foreign was and backlog excluding month last revenue currency up impact saw the respectively was XX billion XX fourth growth $XXX million million Full-year $X.X up coming up strong and X% We $XX the growth year Speedpay organically. backlog for quarter. month most the of that XX revenue % over in

$XXX we was million, year. Recurring revenue XX% grew improving Speedpay by in in XX% basis up to year-over-year XXX from as XX% well of Adjusted last up by revenue, AOD year focus expanded as points business from from for as growth. total margins our the profitability EBITDA contribution on XXXX. EBITDA driven margin the the

our Turning segments. next to operating

to % was XX% net our higher. Our with improvement our margin our XX represents which XX X% the on-demand take into improve the quarter by towards highest segment few expansion to on-demand expect adjusted EBITDA infrastructure quarterly year we last year. to XX% out contribution driven built of step as fourth margin solid the targets. years net to deliver this grew our business and adjusted and ever And compared XXXX solid margin contribution Speedpay grow last hitting progress with specifically another we margin over will and for primarily continues margins scale we've Rule the continue shows EBITDA This

net of is Our $XXX million million delivered XXXX. On from grew XX%. year and $XXX EBITDA Adjusted X.XX with of times. margins slightly million $X.X in Premise free XXXX ratio operating debt a in us pro-forma to We and cash versus the billion ended flow bringing cash adjusted segment $XXX leverage

the X.X million we $XX repurchase have million or million we authorization. shares share purchased year remaining During $XX XXX and on per for share our

$X.XX between billion provided growth outlook XXXX January include on X, previously and acquired of XXXX. to total % call and to which Recall for Speedpay. on expect Turning our so our XXXX with partial next XXXX was XX for only as a results billion slide revenue XX% we represents year that May X, approximately Speedpay over $X.XX be to XXXX

in having come the growth Speedpay. expect a part will of full-year XXXX from So from contribution we

contribution contribution % similar growth EBITDA XXXX and of $XXX growth from $XXX range to in We to revenue to which EBITDA benefit adjusted a having to partial over Speedpay approximately expect in our XX a just will million million full of % XXXX versus also be a XXXX. targets XX represents year our XXXX

and and in between we million are $XX efficiencies related assessing to addition, realize continually guidance. of continued these initiatives long-term assumed our expenses commitment this Craig to reductions $XX and profitability incremental expect goals million XXXX from charges mentioned achieving from from renewal secured our at from don't and X million approximately cost operating approximately the include the expect one-time to implement This excludes this it our integration relates million in XXXX cost as any initiatives in large our we of to time. guidance long-term XX have those this Speedpay renewal impact commitment earlier but of customer we to reduction the

of bookings XXXX to X, this business QX, though I we $XXX QX bookings standard provide our help SaaS to additional XX% double-digit outlook time as a and to for basis. on assess a full million consistent did earlier XXXX be more Also new your and increase % not to do models expect over we reporting industry between million you mentioned and PaaS QX, and providing is be finally on at information applicable we're over solid slide we metric yearning QX financial as we XX out guidance $XXX an build which expect revenue grower

in XXXX. we revenue to solid deliver and in growth expect closing, So profitability

So we're that concludes questions at for time. ready my open to line prepared remarks. this Operator the

Operator

question [Operator Instructions] from Your comes first the Peter you. line of Davidson. Thank from Heckmann

You may ask question. your

Peter Heckmann

bookings and so, license year. will we deal XXXX? for maintaining related that certainly discipline congratulations and front-load How shouldn't contract gentlemen like around closed morning the it so getting don't, contract initial Good is on it deals. we slip to I'm help that sounds structured the those curious a expect while that some expansion in fee

Scott Behrens

Yes.

renewed this term they long clarify to think for what they've I already what is, the on have.

the end This the commitment secures is the this of that were of not last year. talking on at term our deal customer if we So long about expansion products.

that So to I the for from pure would say framework them but future a this revenue I just there's but it speaking term renewal long generally the time expansion. at no bet incremental committed has provides

Craig Saks

Yes.

me Let that. elaborate slightly on

each I important relevance The continues the M&A businesses players think biggest this globalized era. aptness a validate have and other the does have very together. commitment big market very long post importance growing our to and the very to and reaffirmed in question it's ACI parties was point. Well, term in and the up players the biggest to our our as mutual to

will and as that on of construct strategic us mutual renewal takes the long-term So together years. that established the It outcome. gives in question business to table so the focus a that's relationship think within a a correct helps the constructive we've and which grows growth certainty, work framework very their I and coming where grow off big we it's us

Peter Heckmann

if and license then then, That's understanding a follow-up companies was their do through Craig. could they had before of components, did guess time contract going expansion And volume Great a helpful. large own really that major five-year complete just so have contract remaining internal I where there term the those the to my acquisition expansions? a they that three complete a is to with contracts mergers make customer platform consolidation

Craig Saks

of new win add-on as business target or they they are whom markets nicely So a own different some of the they as consolidation capacity as of rates of in and of business. out to which and number when that understand new a we really want function the it them things, add-on run of when part some of their is growing their rationale is growth of all

its amount when with come expanding they those and of and just run the example conversation over would in rate capacity one renewed the the of to business the as arrangement us they above and course buy drive obviously capacity revenue. we've current new of either of buy need round events typically So a the for add-on then

Operator

line question Sutton next the from Your Craig-Hallum. George comes of from

ask question. may You

George Sutton

the a coming around XXXX achieve curious and The concept now out opportunities? are growth organic organic scale growth extensively where beyond CEO was Thank digits. and the stand. focus, real you. day was the analyst that that you A to with big we of governor's what in growth you can with look are single low what particularly to that your new XXXX given I'm focus in as really some the

Craig Saks

the So me let opportunities start there.

I we there said call So in are the think as of myriad opportunities.

the me Let Real-Time off three be marketplace. to head. really very become just highlight the trend of top in does my important continue to a

to Our affirmation our in that in brand of fantastic ability that leadership quite I as a realm. think frankly is product our participate leadership

Real-Time. about excited we're So

We continue evolve. to see opportunities

with other we but seeing thing first Real-Time opportunity Real-Time opportunity as are a with beyond in the that's significant So conjunction solutions. standalone

Two Real-Time in of we It's out tubular. we're pay that. of solution before the bill Real-Time only of direct and biller excited U.S. equation this important be becomes Real-Time an about part addition a biller and would good from the the time year expect through expedited and rolling examples as so payments a matter results of and part that are

The that a Bank, are do other wrestling what's Indonesian for a large me of place happening they that card convert are large payments account the addition Banks and multi is a historically ACI card every is by of to with and often. payment we footprints. environment powered sitting hub a to rail ACI customers quite to example to just the mentioned existing I how payment which or with franchises talking type of one an great us multi kind to about of account Real-Time our about are

the quite protects to those transition may one relationships franchises to from so start term the volumes And those that not for as expands only frankly long realm other. but

online. that continues all good. to excite E-commerce area things third is the And in is us

e-commerce macro and being forces of regard remain industry in a our bill solid. the form in growth probably some payments the and the rates of as could You

of are world be fundamentals there a the So and opportunities. that whole continue our to represent to business bunch around interesting or future

frankly four in those to our own live. we continue optimize, sale, better and quickly walls, efforts it's on our ability a it's ones of and ability down our operating more organization, sales execute processes to in impediments terms I to being customers double getting organization those think deploy our our operate, to consistent really that or quite a sales to on

that's So, your flow quickly. driven this

Scott Behrens

Yes.

add we're only we're only want I got to think the -- that, to scale. when mentioned the to is thing I add costs I at we're areas of thing at is some business looking head George, growth I it certain the to operational actually into those looking comes yes, efficiencies, the -- our high at looking of in reinvesting producing in and costs areas.

at QX you And the On EBITDA rate our look our margins on also exit ever. business had if Demand highest

high going scale that base continue fixed to a to relatively able cost pretty conversion. is revenue also improved or be we'd to to drive a top drive But So, dollar of layer to EBITDA efficiencies. where on

So, see we that see scale we're a to accelerated EBITDA. gets also start back as conversion to high another to growth, going

George Sutton

what you talked think I Azure ultimate as things, be a cost opportunities? the And of we've mention partnership and your them that not for ability and pipeline or lot did the of the doing component about a Craig, through Linux then that. a the lowers couple also in would those past of continue hardware A are changeover grow to

Craig Saks

The Azure once of and discussion. public is year. a I last that cloud And had strong we mentioned opportunity driver

grow that Microsoft. and build to with continue relationship We

to the in plan. market further the on fact, discussions those go-to next week continue Redmond and In to

cloud of the So, I the their on cloud the impact more-and-more customer our think about about as good gives very opportunity public option. public base that us know deployment you feel the

makes expand it quite existing It for to frankly is into new going customers up see also markets. to opportunity. new it open easier We some

entrance. makes new also for it It easy

the that just are payment opportunities of the global we're because entry finding a so, way woodwork have as infrastructure growing about And businesses. some coming new that it prospect takes an of think the of people barriers we out from

Operator

Vafi Canaccord. line comes Your from Joseph from next question the of

may your ask question. You

Joseph Vafi

just outlook the question I wondering morning. year. and of the for was to kind good this circling gentlemen, Hi here back first

bit. little kind down Just dying now to a back M&A with our perhaps of

down? deals that Do the and lumpiness I'm perhaps to you or ability are for in reducing given see the and potential sorry, competitor landscape guidance large the settling the -- to relative guidance lumpiness the less M&A

Scott Behrens

licensed think fee nature it While going of I may an is signing. business at have and our just of recognizing to -- to the element because license software lumpiness all of always the

sales lot of second and half in A under of our dates. renewals so, And our happen the Anniversary lot of a happen the year.

license in get That’s where be typically another fourth are we of going quarter. lumpiness fees. third inflow in the the to and Those

So, see software that I to think going we're business, on side licensed lumpiness. the of the with still

quarter-over-quarter a acquisition bring of is On inherently to but is our an with last over a predictable recurring of our sequential of basis. our lot That it revenue not become And now overall On lot more recurring much only Demand so business, our this business XX% recurring did a recurring a year, revenue brought business. Speedpay on profitability.

software And so to so, will degree I'd going the the variability. level the the bigger, due software sales our just the that renewals. timing still license that and of as to say business of lumpiness, of have timing quarterly business it'll But is side lumpiness of also On the out produce gets Demand

Joseph Vafi

in Sure, merchants of financial sounds to lot that's banks lot of landscape the it bigger lot or a get of a catalyst the side you do a U.S. level especially And perhaps on the of see or like institutions, least a here just U.S. Real-Time in are eager to there and a larger a of helpful. then being things, at at this billers adoption kind payments real-time. going the across

light really like up that Thanks. more in need capability place. place a effect involved kind the to kind is something we of can make in network it that of able you of it in it players enough kind seems market with to provide It and been and a have pervasive of

Craig Saks

which adoption U.S. bit after a urgency right. adoption then Yes. in announcement. rate little And of drives the the they FedNow Then an regulators the are market by increased that extend dynamic involved. to I've of the were talking The you seen and varies and

core we seen activity the with people trying of infrastructures and The with activate Clearing I've deploying to Zelle. have So, already House and normal

week they from announcement or so activated of last had the this core providers large Just where one banks. XXXs of

on close banks So, that mass. with effect a broader of to I in terms the critical to are big ecosystem out are we the all if more-and-more your believe network, building in the Zelle connected is players banks the big And the point that's participating point, the and metric up pretty with there. core that already tipping

that's the thing. So, one second is thing That's as start accounts first And the why then, and critical I'm that to see then reasons the bill excited build the mass going quite of from consumers actually to connected you're that pay. about the applications.

is tipping place by position getting and in of mass the the of point in of story actually going real-time participant. going greatly terms to our In that connected supported pay bill critical is the relevance to the we're support market to

in and So, real-time adoption the maturity. growth U.S. reach I the going the effects would in argue you're next see that as use aggressive of in the kick very in to and years few metric

Operator

Instructions] Your of line [Operator from Stephens. the from next Huff Brett question comes

You your may question. ask

Brett Huff

today. Good the morning, Thanks time guys. for

Craig Saks

Hi, Brett.

Brett Huff

the sure want the for I 'XX. make I to Question organic on implied just understood growth numbers. that

I $XXX the is kind which partial You Speedpay. a in contribution revenue think gave think year billion is 'XX a the what the million mid-point'ish. you stub also then or But from you outlook. And X.XXX us gave range hopefully I us of on organic

numbers from Is way a organic XXXX slightly right growth. that that I or or of remove long? so that the gets I revenue am the to positive kind think little me that getting just And about mid-point, if those

Scott Behrens

Speedpay low-to-mid But digits. be the organic you're would Yes, we organic. and the side the didn’t range out on single from right it the break

Brett Huff

Craig a helpful. process. about, it just is talked something the give there And process of what renewals a what of the specific, that that, be a take at That's the these that I was of kind driver Okay. must driven was Was these or then, better care of of look a the take may larger sense for or by think deals this sales a to way us you driver mean opportunities is I sales it. sort normal larger

sort or made And could the guys. just rearticulate changes or kind of made. have will then, Thanks, that been if two you key of three be

Craig Saks

Yes.

products -- business we've this fantastic was the frankly it few enthralled grow business the rate footprints our then growth new win. not at we've for been global and look to and by So, and to and by developments. managed And a the fantastic years quite we driven business new get that through a through been of desire more got we

So, sure desire it more. really share is to make fair that we our and get a

last the doubled we've been so, reengineering last organization for while ourselves particularly And and on year.

As we definitely being at this spaces. forward trapped not of as saw. look cash the kind ourselves we did see opportunity And the we in car

to more growth We see a in being ourselves opportunity. with

sharp And so, this is a end of spear. that

what that's So, really motivated it.

the reengineered would pipeline sales list refreshed there activities of reengineered I in call that process and In and forecasting processes. terms a management into and of things we've we huge number there's done, out

I of to the talk on alignment place and segment. of have would sale key leadership customer to done in leadership the doubling that a sales we that our

leadership I in-depth customers the thing is with and down the sales in that and alignment to the the team got really going knowledge that's important. We've really XX not help. really organization, is then your it's organization. points last just think we've about And doubled

a team is sport. ACI one Sales

and operating of to customer of make is reengineered the sure the the side with sales winning house business. the the the And integrated side house, house house sales aligned task new that product of of with the of entire house of the side side the the so, ACI success side engine marketing the and with and the we've with around

far to made we've selling. of great having months strides more far committed is to that a the XX And over six aligned last organization more

of spend if and If sat the ago, past. time last the ever more I much done our we've executive sales many not can than our you years tell meeting majority now about in compared to on we the the in you months meetings talking few in winning market

company. centric becoming for trend positive of the day-to-day And our part very that's towards a sales as on me, thinking

Operator

this at time. Presenters, question further no are may There continue. you

Craig Saks

to everybody weeks. thanks day. in. up the Have we in forward for coming look a great dialing Well, catching

Scott Behrens

Bye-bye.

Operator

this concludes today's you, conference your call. for Ladies and gentlemen, Thank participating.

You may now disconnect.

ACI Worldwide (ACIW) 27 Feb 202019 Q4 Earnings call transcript