Business
Jack Henry & Associates, Inc. Reports Second Quarter Fiscal 2023 Results
Fiscal year-to-date summary: GAAP revenue increased 5% and GAAP operating income decreased 4% for the six months ended December 31, 2022, compared to the
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"\nFiscal year-to-date summary:\nGAAP revenue increased 5% and GAAP operating income decreased 4% for the six months ended December 31, 2022, compared to the prior-year period.Non-GAAP adjusted revenue increased 7% and non-GAAP adjusted operating income increased 3% for the six months ended December 31, 2022, compared to the prior-year period.1GAAP EPS was $2.56 per diluted share for the six months ended December 31, 2022, compared to $2.68 in the prior-year period.Cash at December 31, 2022, was $26 million and $29 million at December 31, 2021.Debt related to the revolving credit line was $275 million at December 31, 2022, and $240 million at December 31, 2021.Second quarter summary:\nGAAP revenue increased 2% and GAAP operating income decreased 15% for the three months ended December 31, 2022, compared to the prior-year period.Non-GAAP adjusted revenue increased 6% and non-GAAP adjusted operating income increased 4% for the three months ended December 31, 2022, compared to the prior-year period.1GAAP EPS was $1.10 per diluted share for the three months ended December 31, 2022, compared to $1.30 for the prior-year period.Full-year fiscal 2023 guidance:2\nGAAP revenue $2,048 million to $2,055 millionGAAP operating margin 22.8% to 22.9%GAAP EPS $4.79 to $4.83Non-GAAP revenue $2,021 million to $2,028 million3Non-GAAP operating margin 22.8% to 22.9%3\nMONETT, Mo., Feb. 7, 2023 /PRNewswire/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading financial technology provider, today announced results for the fiscal second quarter ended December 31, 2022.\nAccording to David Foss, Board Chair and CEO, \"We are very pleased to report an overall strong performance for the second quarter of our fiscal year. The sales organization continues to work a robust pipeline of financial institutions interested in our many best-of-breed capabilities and solutions. Much of that interest is being fueled by our outstanding digital banking offerings and the growing understanding of our differentiated technology modernization strategy. 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 and establishing a cloud-native ecosystem which, when applied to our digital, payments, lending, risk, and core platforms, helps our clients innovate...