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Mar 31, 2024
Jack Henry Q3 2024 Earnings Report
Jack Henry's financial performance was marked by increased GAAP and non-GAAP revenue and operating income, driven by growth in private cloud and processing services.
Key Takeaways
Jack Henry & Associates reported strong revenue growth and overall financial performance for the third quarter of fiscal year 2024. GAAP revenue increased by 5.9%, and non-GAAP adjusted revenue increased by 7.0%. The company's sales teams achieved a record third quarter for sales bookings, and the sales pipeline remains near its all-time high.
GAAP revenue increased by 5.9% and GAAP operating income increased by 3.4% compared to the prior fiscal year quarter.
Non-GAAP adjusted revenue increased by 7.0% and non-GAAP adjusted operating income increased by 8.6% compared to the prior fiscal year quarter.
GAAP EPS was $1.19 per diluted share, compared to $1.12 in the prior fiscal year quarter.
Private cloud and processing services continued to drive strong revenue growth.
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 updated: Low $2,215 million, High $2,228 million
- Operating margin: Low 21.9%, High 22.0%
- EPS updated: Low $5.15, High $5.19
- Adjusted revenue updated: Low $2,197 million, High $2,210 million
- Adjusted operating margin updated: 22.4%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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