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MarketScreener Homepage  >  Equities  >  Nasdaq  >  ACI Worldwide, Inc.    ACIW

ACI WORLDWIDE, INC.

(ACIW)
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ACI Worldwide : launches public cloud collaboration with Microsoft Azure

11/20/2019 | 01:46pm EST

ACI Worldwide announced an agreement with Microsoft Corp. to collaborate on using public cloud infrastructure to store data from banks, fintechs and other financial companies. 

Per the agreement, ACI will license its Universal Payments technology to customers for implementation powered by Microsoft Azure cloud computing service. ACI said its on-premises customers will benefit from enhanced security, as well as reduction in long-term capital expenditure, adopting a scalable model for cloud-based infrastructure.

"A key theme we keep hearing from clients is that they are looking for ACI to make the journey to the cloud easy for them, and our partnership with Microsoft is a key part of this journey," Ciaran Chu, payments cloud lead at ACI Worldwide, told Mobile Payments Today via email. "We have a number of mutual clients who will gain value in their journey to the cloud through the ACI and Microsoft collaboration."

Chu said that ACI's first global Tier 1 bank went live with the Azure collaboration last week and a second client is on schedule to go live during the first half of 2020. 

Cover image: iStock

Copyright © 2019 Networld Media. All rights reserved., source Industry News

Stocks mentioned in the article
ChangeLast1st jan.
ACI WORLDWIDE, INC. -0.11% 33.14 Delayed Quote.-12.52%
MICROSOFT CORPORATION 0.64% 215.23 Delayed Quote.35.62%
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More news
Financials (USD)
Sales 2020 1 262 M - -
Net income 2020 46,5 M - -
Net Debt 2020 1 107 M - -
P/E ratio 2020 85,3x
Yield 2020 -
Capitalization 3 869 M 3 869 M -
EV / Sales 2020 3,94x
Capi. / Sales 2021 2,89x
Nbr of Employees 4 018
Free-Float 81,3%
Chart ACI WORLDWIDE, INC.
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ACI Worldwide, Inc. Technical Analysis Chart | ACIW | US0044981019 | MarketScreener
Technical analysis trends ACI WORLDWIDE, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 38,57 $
Last Close Price 33,14 $
Spread / Highest target 20,7%
Spread / Average Target 16,4%
Spread / Lowest Target 5,61%
EPS Revisions
Managers
NameTitle
Odilon Almeida President, Chief Executive Officer & Director
David A. Poe Chairman
Scott William Behrens Chief Financial & Accounting Officer, Senior EVP
Charles E. Peters Independent Director
Thomas W. Warsop Independent Director
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