Business
Jack Henry & Associates, Inc. Reports Fourth Quarter and Full Year Fiscal 2023 Results
Fiscal year summary: GAAP revenue increased 7% and GAAP operating income increased 1% for the fiscal year ended June 30, 2023, compared to the prior fiscal
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":" \n\nFiscal year summary:\nGAAP revenue increased 7% and GAAP operating income increased 1% for the fiscal year ended June 30, 2023, compared to the prior fiscal year.Non-GAAP adjusted revenue increased 8% and non-GAAP adjusted operating income increased 8% for the fiscal year ended June 30, 2023, compared to the prior fiscal year.1GAAP EPS was $5.02 per diluted share for the fiscal year ended June 30, 2023, compared to $4.94 in the prior fiscal year.Cash was $12 million at June 30, 2023, and $49 million at June 30, 2022.Debt related to credit facilities was $275 million at June 30, 2023, and $115 million at June 30, 2022.Fourth quarter summary:\nGAAP revenue increased 11% and GAAP operating income increased 20% for the three months ended June 30, 2023, compared to the prior year quarter.Non-GAAP adjusted revenue increased 8% and non-GAAP adjusted operating income increased 19% for the three months ended June 30, 2023, compared to the prior year quarter.1GAAP EPS was $1.34 per diluted share for the three months ended June 30, 2023, compared to $1.10 for the prior year quarter.Full year fiscal 2024 guidance:2\nGAAP\nRevenue $2,208 million to $2,229 million.Operating margin 21.6%.to 21.7%.EPS $4.92 to $4.99 per diluted share.Non-GAAP3\nAdjusted revenue $2,190 million to $2,210 million.3Adjusted operating margin 22.1% to 22.2%.3 \n\n \nMONETT, Mo., Aug. 15, 2023 /PRNewswire/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading financial technology provider, today announced results for the fiscal fourth quarter and full fiscal year ended June 30, 2023.\nAccording to David Foss, Board Chair and CEO, \"We are very pleased to report another quarter of record revenue and total sales bookings. We experienced strong growth across each of our segments and continue to see great demand for our financial technology solutions. Our sales pipeline is the highest it's ever been entering a new fiscal year, and we're continuing to innovate and deliver modern technology to community and regional financial institutions. Building on the success of our cloud-native Banno™ retail digital banking platform, we recently launched our Banno Business™ solution, and we were one of the first service providers to support the FedNow® instant payment service. As a well-rounded financial technology provider, we see significant opportunities to continue adding...