Jack Henry & Associates Announces First Quarter 2025 Deconversion Revenue Results

Core Insights - Jack Henry & Associates, Inc. reported deconversion revenue of $3.7 million for the fiscal first quarter ending September 30, 2024, with full-year fiscal 2025 guidance remaining at $16 million [1][2] Group 1: Financial Performance - The deconversion revenue is primarily generated when a customer is acquired by another financial institution, leading to the termination of their contract with Jack Henry [2] - Jack Henry excludes deconversion revenue from its non-GAAP revenue reported in quarterly and annual earnings releases, as it does not reflect the ongoing operations of the business [2] Group 2: Company Overview - Jack Henry is a financial technology company 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]