Business
Jack Henry & Associates, Inc. Reports Third Quarter Fiscal 2024 Results
Third quarter summary: GAAP revenue increased 5.9% and GAAP operating income increased 3.4% for the fiscal three months ended March 31, 2024, compared to the
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"\nThird quarter summary:\nGAAP revenue increased 5.9% and GAAP operating income increased 3.4% for the fiscal three months ended March 31, 2024, compared to the prior fiscal year quarter.Non-GAAP adjusted revenue increased 7.0% and non-GAAP adjusted operating income increased 8.6% for the fiscal three months ended March 31, 2024, compared to the prior fiscal year quarter.1GAAP EPS was $1.19 per diluted share for the fiscal three months ended March 31, 2024, compared to $1.12 in the prior fiscal year quarter.Fiscal year-to-date summary:\nGAAP revenue increased 7.3% and GAAP operating income increased 2.0% for the fiscal nine months ended March 31, 2024, compared to the prior fiscal year period.Non-GAAP adjusted revenue increased 7.7% and non-GAAP adjusted operating income increased 12.0% for the fiscal nine months ended March 31, 2024, compared to the prior fiscal year period.1GAAP EPS was $3.85 per diluted share for the fiscal nine months ended March 31, 2024, compared to $3.68 in the prior fiscal year period.Cash and cash equivalents were $27 million at March 31, 2024, and 2023.Debt related to credit facilities was $250 million at March 31, 2024, and $375 million at March 31, 2023.Full year fiscal 2024 guidance:2\nCurrent\nPrevious\nGAAP\nLow\nHigh\nLow\nHigh\nRevenue updated\n$2,215\n$2,228\n$2,215\n$2,228\nOperating margin\n21.9 %\n22.0 %\n21.8 %\n21.9 %\nEPS updated\n$5.15\n$5.19\n$5.09\n$5.13\nNon-GAAP3\nAdjusted revenue updated\n$2,197\n$2,210\n$2,197\n$2,210\nAdjusted operating margin updated\n22.4 %\n22.4 %\n22.3 %\n22.3 %\n\nMONETT, Mo., May 7, 2024 /PRNewswire/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading financial technology provider, today announced results for the fiscal third quarter ended March 31, 2024.\nAccording to David Foss, Board Chair and CEO, \"We are very pleased to report another quarter of strong revenue growth and overall financial performance. Our sales teams produced a record third quarter for sales bookings, and our sales pipeline remains near its all-time high. We continue to execute on our strategy to provide modern technology to help community and regional financial institutions strengthen connections with the people and businesses they serve. As a well-rounded financial technology company, we are well positioned to serve clients of all sizes through a comprehensive suite of innovat...