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Jack Henry & Associates, Inc. Reports Second Quarter Fiscal 2025 Results
JKHYJack Henry(JKHY) Prnewswire·2025-02-04 21:05

Core Insights - Jack Henry & Associates, Inc. reported solid performance in the second quarter of fiscal year 2025, with record sales attainment for the second consecutive year and a robust sales pipeline for future opportunities [4][12] - The company is experiencing strong demand for its products from both new and existing clients, alongside significant progress in its technology modernization strategy [4][12] Financial Performance - For the three months ended December 31, 2024, GAAP revenue increased by 5.2% to 573.848millioncomparedto573.848 million compared to 545.701 million in the prior year [5][43] - Non-GAAP adjusted revenue for the same period increased by 6.1% to 573.779million[13]−GAAPoperatingincomeroseby3.4573.779 million [13] - GAAP operating income rose by 3.4% to 123.002 million, while non-GAAP adjusted operating income increased by 7.3% to 123.624million[13][43]−ThecompanyreportedaGAAPEPSof123.624 million [13][43] - The company reported a GAAP EPS of 1.34 for the quarter, up from 1.26intheprioryear[9][43]Year−to−DatePerformance−ForthesixmonthsendedDecember31,2024,GAAPrevenueincreasedby5.21.26 in the prior year [9][43] Year-to-Date Performance - For the six months ended December 31, 2024, GAAP revenue increased by 5.2% to 1.174829 billion compared to 1.117069billionintheprioryear[5][43]−Non−GAAPadjustedrevenueforthesameperiodincreasedby5.71.117069 billion in the prior year [5][43] - Non-GAAP adjusted revenue for the same period increased by 5.7% to 1.171063 billion [13] - GAAP operating income for the year-to-date period rose by 9.0% to 274.278million[43]SegmentPerformance−ServicesandsupportrevenueforthethreemonthsendedDecember31,2024,increasedby3.5274.278 million [43] Segment Performance - Services and support revenue for the three months ended December 31, 2024, increased by 3.5% to 323.027 million, while processing revenue increased by 7.3% to 250.821million[7][10]−ForthesixmonthsendedDecember31,2024,servicesandsupportrevenueincreasedby3.9250.821 million [7][10] - For the six months ended December 31, 2024, services and support revenue increased by 3.9% to 679.706 million, and processing revenue increased by 7.0% to 495.123million[7][10]GuidanceforFiscalYear2025−Thecompanyprovidedfull−yearfiscal2025guidance,projectingGAAPrevenuebetween495.123 million [7][10] Guidance for Fiscal Year 2025 - The company provided full-year fiscal 2025 guidance, projecting GAAP revenue between 2.369 billion and 2.391billion,withanoperatingmarginof23.02.391 billion, with an operating margin of 23.0% to 23.2% [2][29] - Non-GAAP adjusted revenue guidance is set between 2.353 billion and 2.375billion,withadjustedoperatingincomeexpectedbetween2.375 billion, with adjusted operating income expected between 533 million and 542million[29][30]BalanceSheetandCashFlow−Cashandcashequivalentswerereportedat542 million [29][30] Balance Sheet and Cash Flow - Cash and cash equivalents were reported at 26 million as of December 31, 2024, compared to 27millionayearearlier[35]−Thecompanyhad27 million a year earlier [35] - The company had 150 million in debt outstanding related to credit facilities as of December 31, 2024, down from $255 million a year earlier [35]