Business
Jack Henry & Associates, Inc. Reports Second Quarter Fiscal 2022 Results
MONETT, Mo., Feb. 8, 2022 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of technology solutions and payment processing
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"MONETT, Mo., Feb. 8, 2022 /PRNewswire/ -- 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 second quarter of fiscal 2022 and discusses its continued response to the novel coronavirus (COVID-19) pandemic (page 8 below). \n\nYear to date summary:\nGAAP revenue increased 12% and operating income increased 23% for the six months ended December 31, 2021 compared to the prior-year period. Non-GAAP adjusted revenue increased 10% and non-GAAP adjusted operating income increased 15% for the six months ended December 31, 2021 compared to the prior-year period.1 GAAP EPS was $2.68 per diluted share for the six months ended December 31, 2021, compared to $2.13 per diluted share in the prior-year period. Cash at December 31, 2021 was $29.1 million and $147.8 million at December 31, 2020. Debt related to the revolving credit line was $240 million at December 31, 2021 and zero at December 31, 2020.2Second quarter summary:\nGAAP revenue increased 17% and operating income increased 34% for the quarter compared to the prior-year quarter. Non-GAAP adjusted revenue increased 11% and non-GAAP adjusted operating income increased 13% for the quarter compared to the prior-year quarter.1 GAAP EPS was $1.30 per diluted share for the quarter, compared to $0.94 per diluted share in the prior-year quarter.Full-year fiscal 2022 guidance:\nGAAP revenue $1,939 million to $1,942 million GAAP EPS $4.75 to $4.82 Non-GAAP revenue $1,889 million to $1,892 million3 \nAccording to David Foss, Board Chair and CEO, \"We are very pleased to report another quarter of record revenue and an overall strong performance for the second quarter of our fiscal year. Not only did we experience record revenue in the quarter, but our sales teams booked more business this quarter than any quarter in the history of the company. The sales organization continues to work a robust pipeline of financial institutions interested in our many best-of-breed capabilities and solutions. We are proud to be a well-rounded financial technology company that is committed to serving the needs of community and regional financial institutions in the United States. As part of that commitment, this week we will be sharing our technology modernization strateg...