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Jack Henry
🇺🇸 NASDAQ:JKHY
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OverviewEarningsDividends
•
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.

Total Revenue
$571M
Previous year: $529M
+8.0%
EPS
$1.39
Previous year: $1.46
-4.8%
Non-GAAP EBITDA
$195M
Previous year: $176M
+10.5%
Free Cash Flow
$107M
Previous year: $116M
-8.3%
Return on Avg. Equity
23.2%
Previous year: 25.7%
-9.7%
Gross Profit
$248M
Previous year: $231M
+7.5%
Cash and Equivalents
$31.5M
Previous year: $32M
-1.6%
Free Cash Flow
$150M
Previous year: $129M
+15.8%
Total Assets
$2.73B
Previous year: $2.58B
+6.0%

Jack Henry

Jack Henry

Jack Henry 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

Company Overview

Full financial data and analysis

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