Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, July 30, 2010

Article Excerpt

ACI WORLDWIDE INC. $19.40, symbol ACIW on Nasdaq, makes software and provides services that help its clients process transactions that involve credit cards, debit cards, automated-teller machines, smart cards, point-of-sale terminals and inter-bank payments. The company serves more than 800 clients in 88 countries, including many of the world’s largest financial institutions. ACI’s shares rose over 5% yesterday after the company reported improved results in the latest quarter. In the three months ended June 30, 2010, ACI lost $150,000, or nil per share. That’s better than the $3.6 million, or $0.10 a share, it lost a year earlier. Cash flow per share rose sharply, to $0.28 from $0.02. Revenue rose 6%, to $92.4 million from $87.2 million. The company continues to add clients. It has also taken steps to cut its costs, including layoffs. That’s why its results improved so significantly. ACI Worldwide is still a buy. WYNDHAM WORLDWIDE, $25.53, symbol WYN on New York, reported higher-than-expected second-quarter earnings this…