Business
Jack Henry & Associates, Inc. Reports Fiscal 2021 Results
MONETT, Mo., Aug. 17, 2021 /PRNewswire/ -- Year summary: GAAP revenue increased 4% and operating income increased 5% for the fiscal year ended June 30, 2021
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"MONETT, Mo., Aug. 17, 2021 /PRNewswire/ -- \nYear summary: GAAP revenue increased 4% and operating income increased 5% for the fiscal year ended June 30, 2021 compared to the prior fiscal year. Non-GAAP adjusted revenue increased 6% and non-GAAP adjusted operating income increased 13% for the fiscal year ended June 30, 2021 compared to the prior fiscal year.1 GAAP EPS was $4.12 per diluted share for the fiscal year ended June 30, 2021, compared to $3.86 for the prior fiscal year. Cash at June 30, 2021 was $51.0 million and $213.3 million at June 30, 2020. Debt related to the revolving credit line was $100 million at June 30, 2021 and zero at June 30, 2020.Fourth quarter summary: GAAP revenue increased 10% and operating income increased 25% for the quarter compared to the prior-year quarter. Non-GAAP adjusted revenue increased 10% and non-GAAP adjusted operating income increased 25% for the quarter compared to the prior-year quarter.1 GAAP EPS was $1.04 per diluted share for the quarter, compared to $0.80 in the prior-year quarter.Full-year fiscal 2022 guidance: GAAP revenue $1,902 million to $1,911 million GAAP EPS $4.53 to $4.60 Non-GAAP revenue $1,866 million to $1,875 million2 Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, today announces results for the fourth quarter and full year of fiscal 2021 and discusses its continued response to the novel coronavirus (COVID-19) pandemic.\nAccording to David Foss, President and CEO, \"We are very pleased to report another quarter of record revenue, operating income, and total sales bookings. Among many other successes, our sales teams contracted with 13 new core clients and sold 87 new digital banking systems in the quarter. As we begin the new fiscal year, our sales pipeline remains strong, and we see significant opportunities to continue growing new and existing customer relationships through the successful execution of Jack Henry's client strategies in digital, lending, payments, and open banking. We are optimistic about the strength of our technology solutions and the ability of our teams to deliver outstanding service in a market that is widely expected to increase technology and digital investments in a recovering economy.\"\nOperating Results\nRevenue, operati...