ACI Worldwide, Inc.

Welcome to ACI Worldwide Inc. Second Quarter 2021 Financial Results Conference Call. My name is Sylvia and I'll be your operator for today's call. At this time, all participants in a listen-only mode. Later, we'll conduct a question and answer session. During the question and answer session, if you have a question, please press star, then 1 on your touchtone phone. I will now turn the call over to John Kraft. Mr. Kraft, you may begin.

Thank you, and good morning, everyone. Today's call, like all of our events, is subject to both safe harbor and forward-looking statements. You can find the full text of both statements on the first and final pages of our presentation back today, a copy of which is available on our website as well as with the SEC. On this morning's call is Ojelon Almeida, our President and CEO, and Scott Behrens, our CFO. Before I hand it over, please note ACI will be attending the Wells Fargo FinTech and Technology Services Forum and the Canaccord Annual Growth Conference, August 11 and 12, as well as the Needham Virtual FinTech and Digital Transformation Conference, August 18. With that, I'd like to turn the call over to Ojan.

Thank you, John. Hello, everyone, and thank you for joining our second quarter 2021 earnings conference call. When we last spoke in May, we discussed our strong first quarter performance and shared updates on our progress, executing on our three-pillar strategy. Today, I'm happy to report another solid quarter. In Q2, we delivered results at the higher end of our expectations, with revenue of $302 million and adjustability of 60 million. Importantly, our recurring revenue was $250 million in Q2, an increase of 7% year-over-year with positive recurring revenue growth in all three segments. I'm pleased to report increasing strength in our global sales organization. In the quarter, we recorded key wins in all three segments. These wins included an impressive list of new logos. Let me share some highlights. In our banking segment, we expanded our relationship with a major Canadian bank. We will consolidate their global wire processing and to ACI's real-time payment solutions in the cloud, creating a single, functionally rich ecosystem. We also contracted with a well-known US-based financial technology disruptor with plans to move their issuing business to the cloud. In addition, we secured the real-time payments win with the Central Bank of Indonesia. This comes after nearly two years of work and is an important win for ACI that cements our growing lead in the real-time market in Asia. In our merchant segment, we secured important wins, including a deal with a leasing fuel and travel operator to upgrade their point-of-sale operations to ACI's Omnicommerce software. Finally, in our builder segment, We signed several very large contracts, including one significant competitive win. This customer plans to use our alternative payment channels and benefit from our solution's ability to offer least-cost routing. Moving to another topic, I'm excited to announce that ACI expanded our collaboration with Microsoft, forming a global alliance to deliver best-in-class payment solutions in the cloud. The agreement will expand and accelerate ACI's cloud offerings, and will allow both companies to capitalize on growing global demand from financial institutions driving towards digital modernization. The alliance strengthens how ACI and Microsoft cooperate in key areas, including go-to-market and customer onboarding. It also creates pathways to power innovation. Our growing pipeline combined with an improving broader economy, provide us with increasing confidence that we are well positioned to drive growth and deliver strong and accelerating performance in the second half of 2021 and beyond. We remain laser-focused on continuing to build a robust pipeline that will support our long-term growth objectives. Importantly, we expect to achieve the Rule 40 in 2021 for the first year ever. We remain actively engaged in the review of our business portfolio and M&A opportunities to ensure we are maximizing short and long-term value creation to our shareholders. With that, I will turn it over to Scott to discuss the financials. Scott?