Open, flexible platform fuels expansion and community support across KansasMONETT, Mo., Feb. 6, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) is pleased to announce that Azura Credit Union has selected Jack Henry's Symitar® open technology platform to deliver modern services to local communities and drive future growth.Founded in 1939, Azura Credit Union now has more than $822 million in assets, 12 offices in Northeast Kansas, and more than 62,000 members.Throughout its growth, Azura has remained committe ...

Financial Data and Key Metrics Changes - The company reported non-GAAP revenue growth of 6.1% in Q2, slightly ahead of the 6% anticipated [9] - Non-GAAP operating margin was 21.5%, also slightly better than expected [9] - GAAP and non-GAAP revenue increased by 5% and 6% respectively [29] - Fully diluted GAAP earnings per share increased by 6% to $1.34 [37] Business Line Data and Key Metrics Changes - Core segment revenue increased by 6% on a non-GAAP basis, driven by organic growth in data processing and hosting [38] - Payments segment revenue also increased by 6% on a non-GAAP basis, with significant growth in card revenue and payment processing [39] - Complementary segment revenue increased by 6%, supported by a strong product mix [40] Market Data and Key Metrics Changes - The company signed fourteen new debit processing clients and two new credit clients in the quarter [16] - The number of clients on the Zelle platform reached 338, with 357 clients using RTP and 339 clients using FedNow [16] - The Bano digital platform saw growth, with nearly 1,000 retail clients and 212 business clients [18] Company Strategy and Development Direction - The company is focused on technology modernization and cloud-native solutions, with plans to deliver retail and commercial deposit core functionality in the first half of 2026 [24] - Partnerships with fintechs like Move and Visa are aimed at enhancing digital payment solutions [22][23] - The company aims to maintain a people-first culture and service excellence as key differentiators in the market [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment and sales pipeline for the second half of fiscal 2025 [26] - The company anticipates continued growth in technology spending among banks and credit unions [25] - Management noted that clients remain optimistic about the operating environment and their willingness to invest in technology [81] Other Important Information - The company achieved a core retention rate of over 99%, excluding M&A [12] - The private and public cloud offerings increased by 11%, reflecting strong growth trends [32] - The company repurchased $17 million of its shares to offset dilution from stock compensation [43] Q&A Session Summary Question: What gives confidence on the back half of revenue acceleration? - Confidence comes from strong first-half results and consistent growth metrics, including cloud and card growth [51] Question: Are there signs of increased competition at the low end of the market? - No significant changes noted; the company continues to win large institutions and renewals [54][56] Question: Is there a difference in the number of deals coming to market? - No significant changes; the company is still tracking to its traditional win rate [60][61] Question: When will revenue from the Move partnership impact growth? - Expected to have a meaningful impact in fiscal year 2026, with some small contributions in fiscal year 2025 [64] Question: What are the pricing dynamics for renewals? - Pricing compression is possible, but additional product offerings typically offset this [70][72] Question: What is the current operating environment for customers? - Customers remain optimistic, with a strong demand for products to increase deposits and loans [81] Question: What is the pace of innovation in the space? - The company is focused on digital platforms, payments, and fraud prevention as key areas of innovation [138] Question: Is there any convert merge revenue in the back half outlook? - A modest amount of convert merge revenue is expected, with more impact anticipated in fiscal year 2026 [148][150]

Jack Henry & Associates (JKHY) reported second-quarter fiscal 2025 GAAP earnings of $1.34 per share, beating the Zacks Consensus Estimate by 2.3%. The figure increased 6.3% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.JKHY’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 4.25%.Jack Henry & Associates’ revenues of $573.85 million missed the Zacks Consensus Estimate by 0.4%. The figure increased 5.2% ye ...

Jack Henry (JKHY) reported $573.85 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 5.2%. EPS of $1.34 for the same period compares to $1.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $576.2 million, representing a surprise of -0.41%. The company delivered an EPS surprise of +2.29%, with the consensus EPS estimate being $1.31.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Jack Henry (JKHY) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.29%. A quarter ago, it was expected that this payment processsing company would post earnings of $1.61 per share when it actually produced earnings of $1.63, delivering a surprise of 1.24%.Over the last four quarters, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 27, 2025 JACK HENRY & ASSOCIATES, INC. (Exact name of Registrant as specified in its Charter) (Commission File Number) Delaware 0-14112 43-1128385 (IRS Employer Identification No.) (State or other jurisdiction of incorporation) 663 Highway 60, P.O. Box 807, Monett, MO 65708 (Address of ...

Second quarter summary: GAAP revenue increased 5.2% and GAAP operating income increased 3.4% for the fiscal three months ended December 31, 2024, compared to the prior fiscal year quarter. Non-GAAP adjusted revenue increased 6.1% and non-GAAP adjusted operating income increased 7.3% for the fiscal three months ended December 31, 2024, compared to the prior fiscal year quarter.1 GAAP EPS was $1.34 per diluted share for the fiscal three months ended December 31, 2024, compared to $1.26 per diluted share in th ...

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Alliance enables banks and credit unions to better serve the payment needs of consumers and small businesses MONETT, Mo., Feb. 3, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today its collaboration with Visa, the world leader in digital payments, to offer Visa Direct through Jack Henry Rapid Transfers™. The addition of Visa Direct, which facilitates the delivery of funds directly to eligible cards, bank accounts, and wallets around the world, is part of Jack Henry's previously announced allian ...

MONETT, Mo., Jan. 27, 2025 /PRNewswire/ -- Jack Henry & Associates, Inc.® (Nasdaq: JKHY) announced today that deconversion revenue for the fiscal second quarter, ended December 31, 2024, was $0.1 million. Deconversion revenue estimates remain at $16 million for full year fiscal 2025 guidance. For more information about how guidance will be further updated for deconversion revenue estimates, please see Jack Henry's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 3, 2023 ...