Jack Henry & Associates, Inc. (JKHY) reported third-quarter fiscal 2024 earnings of $1.19 per share, which beat the Zacks Consensus Estimate by 2.6%. The bottom line increased 6.3% from the year-ago quarter’s reported figure.Revenues improved 5.9% from the year-ago quarter’s reading to $538.6 million. The figure beat the Zacks Consensus Estimate of $541.4 million.JKHY’s non-GAAP revenues were $537.7 million, up 7% from the year-ago quarter.Top-line growth was driven by increased services and support, and pr ...

Jack Henry (JKHY) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.59%. A quarter ago, it was expected that this payment processsing company would post earnings of $1.14 per share when it actually produced earnings of $1.22, delivering a surprise of 7.02%.Over the last four quarters, ...

Revenue Growth - GAAP revenue increased by 5.9% to $538.6 million for the three months ended March 31, 2024, compared to the same period last year[5]. - Non-GAAP adjusted revenue increased by 7.0% for the same period, reflecting strong growth in digital revenue, which rose by 26.1%[7]. - For the nine months ended March 31, 2024, GAAP revenue increased by 7.3% to $1.66 billion compared to the prior fiscal year[5]. - Non-GAAP adjusted revenue for the nine months increased by 7.7%, driven by a 10.0% growth in public cloud revenue[7]. - GAAP revenue for the three months ended March 31, 2024, was $538,562, representing a 5.9% increase from $508,552 in the same period of 2023[14]. - Non-GAAP adjusted revenue for the nine months ended March 31, 2024, was $1,643,825, reflecting a 7.7% growth compared to $1,526,027 in the prior year[14]. Income and Profitability - GAAP operating income increased by 3.4% to $112.1 million for the three months ended March 31, 2024[8]. - Non-GAAP adjusted operating income increased by 8.6% for the three months ended March 31, 2024[2]. - GAAP net income for the three months ended March 31, 2024, was $87,099, a 6.8% increase from $81,549 in the same period of 2023[17]. - Non-GAAP adjusted net income for the nine months ended March 31, 2024, was $291,040, which is a 15.4% increase from $252,273 in the prior year[17]. - Non-GAAP adjusted operating income for the three months ended March 31, 2024, was $112,105, an 8.6% increase from $103,260 in the same period of 2023[20]. - The company reported a non-GAAP adjusted operating margin of 20.8% for the three months ended March 31, 2024, compared to 20.6% in the same period of 2023[20]. Expenses - Research and development expenses for the three months ended March 31, 2024, totaled $35,993[20]. - Selling, general, and administrative expenses for the three months ended March 31, 2024, amounted to $62,246[20]. - The VEDIP program expense for the nine months ended March 31, 2024, was related to a voluntary separation program initiated in July 2023[16]. - Non-GAAP adjusted total operating expenses for the nine months ended March 31, 2024, were $1,268,932[24]. Cash and Debt Management - Cash and cash equivalents remained stable at $27 million as of March 31, 2024, compared to the same date in 2023[2]. - Debt related to credit facilities decreased from $375 million in March 2023 to $250 million in March 2024[2]. - Net cash from operating activities for the nine months ended March 31, 2024, was $336,242, compared to $207,031 for the same period in 2023[36]. - Free cash flow for the nine months ended March 31, 2024, was $172,883 thousand, compared to $82,098 thousand in 2023[51]. Guidance and Future Outlook - The company expects full year fiscal 2024 revenue guidance to be between $2.215 billion and $2.228 billion[1]. - GAAP operating income guidance for the fiscal year ending June 30, 2024, is projected between $486 million and $490 million, reflecting a growth of 1.1% to 1.9%[30]. - Non-GAAP adjusted operating income guidance for the same fiscal year is expected to be between $492 million and $496 million, indicating a growth of 9.6% to 10.5%[30]. - Non-GAAP adjusted revenue growth for fiscal year 2024 is projected between 7.4% and 8.0%[30]. - The sales pipeline remains near an all-time high, indicating strong future growth potential[4]. Balance Sheet Highlights - Total assets as of March 31, 2024, were $2,770,498 thousand, a 6.2% increase from $2,607,597 thousand in 2023[48]. - Stockholders' equity rose to $1,780 million at March 31, 2024, compared to $1,538 million a year earlier[36]. - The company reported a decrease in deferred revenue to $214 million at March 31, 2024, down from $226 million a year ago[36]. - Stockholders' equity increased by 15.7% to $1,779,931 thousand as of March 31, 2024, from $1,538,309 thousand in 2023[48]. Return Metrics - Return on average shareholders' equity for the trailing four quarters was 22.8% as of March 31, 2024, down from 24.4% in 2023[51]. - Average invested capital for the trailing four quarters was $1,971,621 thousand, with a return on invested capital (ROIC) of 19.2% as of March 31, 2024[51]. Interest Income - Interest income increased significantly by 171.8% to $6,499 thousand for the three months ended March 31, 2024, compared to $2,391 thousand in 2023[47].

Investors are always looking for stocks that are poised to beat at earnings season and Jack Henry & Associates, Inc. (JKHY) be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Jack Henry & Associates is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possibl ...

In its upcoming report, Jack Henry (JKHY) is predicted by Wall Street analysts to post quarterly earnings of $1.16 per share, reflecting an increase of 3.6% compared to the same period last year. Revenues are forecasted to be $542.51 million, representing a year-over-year increase of 6.7%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company ...

Jack Henry's 2024 Strategy Benchmark offers insights into concerns, opportunities, and technology priorities MONETT, Mo., April 29, 2024 /PRNewswire/ -- Growing deposits and increasing operational efficiency are top priorities for community and regional financial institutions, according to Jack Henry's sixth-annual survey of bank and credit union CEOs. "With rising deposit costs putting pressure on net interest margins, banks and credit unions have greater urgency to enhance operational efficiency, especial ...

Growing credit union benefits from open, scalable platform to support expansion throughout the state of Wyoming MONETT, Mo., April 25, 2024 /PRNewswire/ -- UniWyo Credit Union's strong relationship with Jack Henry™ (Nasdaq: JKHY) enabled it to successfully complete its merger with Reliant Federal Credit Union. UniWyo Credit Union and Reliant Federal Credit Union merged in the third quarter of 2023, collaborating on the shared mission of bettering people's lives and putting people first. The newly merged cr ...

MONETT, Mo., April 24, 2024 /PRNewswire/ -- Jack Henry & Associates, Inc.® (NASDAQ: JKHY) announced today that it will host a live webcast of its third quarter 2024 earnings conference call on May 8, 2024. The press release announcing third quarter 2024 earnings will be issued after market close on May 7, 2024. The live Webcast, which will begin at 7:45 a.m. Central (8:45 a.m. Eastern), can be accessed on the Jack Henry Web site at www.jackhenry.com. Please log on 10 minutes prior to the beginning of the ca ...

Jack Henry (JKHY) continues to experience strong customer momentum on the back of its robust technology solutions, which remain its growth drivers. Its shares have gained 2.5% in the year-to-date period, outperforming the industry’s decline of 8.1%.This is evident from the latest move of United Bank, which recently selected Jack Henry as its technology provider.This collaboration will enable United Bank to utilize Jack Henry's LoanVantage and Banno Digital Platform to enhance its lending and Community Devel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ________________ Commission file number 0-14112 JACK HENRY & ASSOCIATES, INC. (Exact name of registrant as specified in its charter) Delaware 43-112838 ...