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Sep 30, 2023
Jack Henry Q1 2024 Earnings Report
Jack Henry's financial performance for Q1 2024 reflected strong revenue growth driven by private cloud and processing services, offset by a decrease in GAAP operating income due to a one-time expense.
Key Takeaways
Jack Henry & Associates reported strong financial performance for the first quarter of fiscal year 2024, with GAAP revenue increasing by 8.0% and non-GAAP adjusted revenue increasing by 7.7%. The company's sales teams saw strong demand for innovative financial technology solutions.
GAAP revenue increased by 8.0% compared to the prior fiscal year quarter.
Non-GAAP adjusted revenue increased by 7.7% compared to the prior fiscal year quarter.
GAAP EPS was $1.39 per diluted share, compared to $1.46 in the prior fiscal year quarter.
The company's sales pipeline is at its highest level.
Revenue by Segment
Forward Guidance
Jack Henry provided full year fiscal 2024 guidance, assuming no acquisitions are made during the fiscal year.
Positive Outlook
- Revenue: $2,211 to $2,232 million (updated)
- Operating Margin: 21.8% to 21.9% (updated)
- EPS: $4.98 to $5.04 (updated)
- Adjusted Revenue: $2,193 to $2,214 million (updated)
- Adjusted Operating Margin: 22.2% to 22.3% (updated)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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