NAPLES, Fla. – ACI Worldwide, Inc., which makes software for electronic payments, reported a second quarter loss of $4.7 million on costs related to last year’s acquisition of S1 Corp.
That compares to net income of $9.8 million in the same quarter last year.
ACI logged $7.6 million in expenses in the quarter related to last year’s $540 million acquisition of S1 Corp. The deal was completed in February.
ACI’s second quarter revenue rose 32% to $149.8 million, fueled by the S1 operations. The company said its acquisition of S1 contributed $43.1 million to revenue in the quarter.
“We are very satisfied with our integration efforts of S1 during the last quarter and a half,” said ACI CEO Philip Heasley. “We delivered on the initial cost synergies of $33 million and are progressing against an additional $20 million in planned synergies related to facilities consolidation and IT infrastructure rationalization.”
For the first six months of its fiscal year ACI reported a 32% increase in revenue to $287.4 million, and a loss of $6.4 million, compared to a profit of $11.4 million for the same period last year.