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 ...

Core Viewpoint - Jack Henry (JKHY) reported quarterly earnings of $1.34 per share, exceeding the Zacks Consensus Estimate of $1.31 per share, and showing an increase from $1.22 per share a year ago, indicating a positive earnings surprise of 2.29% [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - Jack Henry's revenues for the quarter ended December 2024 were $573.85 million, slightly missing the Zacks Consensus Estimate by 0.41%, but up from $545.7 million year-over-year [2] - The company has only topped consensus revenue estimates once in the last four quarters [2] Group 2: Stock Performance and Outlook - Jack Henry shares have decreased by approximately 0.3% since the beginning of the year, while the S&P 500 has gained 1.9% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $1.36 for the next quarter and $5.81 for the current fiscal year [4][7] - The Zacks Rank for Jack Henry is currently 2 (Buy), indicating expectations for the stock to outperform the market in the near future [6] Group 3: Industry Context - The Computers - IT Services industry, to which Jack Henry belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - Jack Henry & Associates, Inc. reported solid performance in the second quarter of fiscal year 2025, with record sales attainment for the second consecutive year and a robust sales pipeline for future opportunities [4][12] - The company is experiencing strong demand for its products from both new and existing clients, alongside significant progress in its technology modernization strategy [4][12] Financial Performance - For the three months ended December 31, 2024, GAAP revenue increased by 5.2% to $573.848 million compared to $545.701 million in the prior year [5][43] - Non-GAAP adjusted revenue for the same period increased by 6.1% to $573.779 million [13] - GAAP operating income rose by 3.4% to $123.002 million, while non-GAAP adjusted operating income increased by 7.3% to $123.624 million [13][43] - The company reported a GAAP EPS of $1.34 for the quarter, up from $1.26 in the prior year [9][43] Year-to-Date Performance - For the six months ended December 31, 2024, GAAP revenue increased by 5.2% to $1.174829 billion compared to $1.117069 billion in the prior year [5][43] - Non-GAAP adjusted revenue for the same period increased by 5.7% to $1.171063 billion [13] - GAAP operating income for the year-to-date period rose by 9.0% to $274.278 million [43] Segment Performance - Services and support revenue for the three months ended December 31, 2024, increased by 3.5% to $323.027 million, while processing revenue increased by 7.3% to $250.821 million [7][10] - For the six months ended December 31, 2024, services and support revenue increased by 3.9% to $679.706 million, and processing revenue increased by 7.0% to $495.123 million [7][10] Guidance for Fiscal Year 2025 - The company provided full-year fiscal 2025 guidance, projecting GAAP revenue between $2.369 billion and $2.391 billion, with an operating margin of 23.0% to 23.2% [2][29] - Non-GAAP adjusted revenue guidance is set between $2.353 billion and $2.375 billion, with adjusted operating income expected between $533 million and $542 million [29][30] Balance Sheet and Cash Flow - Cash and cash equivalents were reported at $26 million as of December 31, 2024, compared to $27 million a year earlier [35] - The company had $150 million in debt outstanding related to credit facilities as of December 31, 2024, down from $255 million a year earlier [35]

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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 ...

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 ...

Core Insights - Jack Henry & Associates, Inc. reported deconversion revenue of $0.1 million for the fiscal second quarter ending December 31, 2024, with full-year guidance for deconversion revenue estimated at $16 million [1][2] Company Overview - Jack Henry is a financial technology company listed on Nasdaq (JKHY) that connects financial institutions with their clients, emphasizing openness, collaboration, and user-centric solutions [4] - The company has been providing technology solutions for over 48 years, serving approximately 7,500 clients and enabling them to innovate and compete effectively [4]

Core Insights - Jack Henry has successfully collaborated with Corpay, Inc. to provide seamless international wire transfers for its clients, enhancing their payment capabilities [1][4] - Corpay has been the exclusive provider of international wire services for Jack Henry clients since September 2023, utilizing the jXchange™ platform for integration [2] - Corpay has onboarded over 200 clients to its platform in partnership with Peapack Private Bank & Trust, demonstrating effective communication and collaboration [3] Company Overview - Jack Henry & Associates, Inc. is a financial technology company that connects financial institutions with their clients, offering a range of modern capabilities and integration with leading fintechs [5] - Corpay, Inc. is a global corporate payments company that simplifies expense management for businesses and consumers, including vehicle-related and travel expenses [6] Partnership Benefits - The partnership between Jack Henry and Corpay aims to enhance customer experience in global payments, addressing the growing demand for reliable international payment services [4] - Corpay is developing a new user interface and additional digital wallet capabilities to further improve services for Jack Henry Wires customers [3]