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Dec 31, 2023
Jack Henry Q2 2024 Earnings Report
Jack Henry's financial performance for Q2 2024 was reported, demonstrating revenue and operating income growth.
Key Takeaways
Jack Henry & Associates reported strong performance for the second quarter of fiscal year 2024, with GAAP revenue increasing by 8.0% and GAAP operating income increasing by 10.8% compared to the prior fiscal year quarter. Non-GAAP adjusted revenue increased by 8.4%, and non-GAAP adjusted operating income increased by 14.4%. GAAP EPS was $1.26 per diluted share, compared to $1.10 in the prior fiscal year quarter.
GAAP revenue increased by 8.0% and GAAP operating income increased by 10.8% for the quarter ended December 31, 2023.
Non-GAAP adjusted revenue increased by 8.4% and non-GAAP adjusted operating income increased by 14.4% for the quarter ended December 31, 2023.
GAAP EPS was $1.26 per diluted share for the quarter ended December 31, 2023, compared to $1.10 in the prior fiscal year quarter.
The company had a record second quarter for sales bookings and replenished its robust sales pipeline.
Revenue by Segment
Forward Guidance
Jack Henry provided full year fiscal 2024 guidance, updating revenue and EPS expectations.
Positive Outlook
- Revenue is expected to be between $2,215 million and $2,228 million.
- Operating margin is projected to be 21.8% to 21.9%.
- EPS is anticipated to be between $5.09 and $5.13.
- Adjusted revenue is guided to be between $2,197 million and $2,210 million.
- Adjusted operating margin is expected to be 22.3%.
Challenges Ahead
- Guidance assumes no acquisitions are made during fiscal year 2024.
- Deconversion revenue and related operating expenses are based on actual results for the six months ended December 31, 2023 and estimates for the remainder of fiscal year 2024 based on the lowest actual recent historical results.
- Excluded acquisition revenue and costs are for the first two months of the fiscal year only
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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