Business
Jack Henry & Associates, Inc. Reports Fourth Quarter and Full Year Fiscal 2024 Results
Fourth quarter summary: GAAP revenue increased 4.7% and GAAP operating income increased 1.2% for the fiscal three months ended June 30, 2024, compared to the
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":" \n\nFourth quarter summary:\nGAAP revenue increased 4.7% and GAAP operating income increased 1.2% for the fiscal three months ended June 30, 2024, compared to the prior fiscal year quarter.Non-GAAP adjusted revenue increased 6.4% and non-GAAP adjusted operating income increased 5.3% for the fiscal three months ended June 30, 2024, compared to the prior fiscal year quarter.1GAAP EPS was $1.38 per diluted share for the fiscal three months ended June 30, 2024, compared to $1.34 per diluted share in the prior fiscal year quarter.Fiscal year summary:\nGAAP revenue increased 6.6% and GAAP operating income increased 1.8% for the fiscal year ended June 30, 2024, compared to the prior fiscal year.Non-GAAP adjusted revenue increased 7.4% and non-GAAP adjusted operating income increased 10.3% for the fiscal year ended June 30, 2024, compared to the prior fiscal year.1GAAP EPS was $5.23 per diluted share for the fiscal year ended June 30, 2024, compared to $5.02 per diluted share in the prior fiscal year.Cash and cash equivalents were $38 million at June 30, 2024, and $12 million at June 30, 2023.Debt outstanding related to credit facilities was $150 million at June 30, 2024, and $275 million at June 30, 2023.Full year fiscal 2025 guidance:2\nCurrent\nGAAP\nLow\nHigh\nRevenue\n$2,369\n$2,391\nOperating margin\n23.0 %\n23.2 %\nEPS\n$5.78\n$5.87\nNon-GAAP3\nAdjusted revenue\n$2,353\n$2,375\nAdjusted operating margin\n22.7 %\n22.8 %\n \n\n \nMONETT, Mo., Aug. 20, 2024 /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, 2024.\nAccording to Greg Adelson, President and CEO, \"We are very pleased to report overall strong financial performance results for the fourth quarter and full 2024 fiscal year. We produced record revenue and operating income in fiscal year 2024 along with our highest-ever sales bookings in both the fourth quarter and fiscal year. Technology spending remains robust with significant demand for our innovative solutions. Even with record sales bookings, we continued to replenish and keep our sales pipeline near its all-time high. We are well positioned for future growth as we continue to invest in innovation, execute on our strategy, and deliver for our clients and shareholders.\"\n1 See ta...