Jack Henry reports first quarter earnings beat, reaffirms full-year outlook

MONETT, Mo. - Jack Henry & Associates, Inc. (NASDAQ:JKHY ) reported better-than-expected first quarter fiscal 2025 results, with revenue and earnings topping analyst estimates. Shares were slightly higher, up 0.8%, in after-hours trading Tuesday following the release.

The financial technology provider posted adjusted earnings per share of $1.63 for the quarter ended September 30, edging past the consensus estimate of $1.62. Revenue grew 5.2% year-over-year to $600.98 million, also exceeding expectations of $599.56 million.

"We are pleased to report another quarter of solid financial performance, which was slightly better than the outlook provided in August for FY Q1," said Greg Adelson, President and CEO of Jack Henry.

The company reaffirmed its full-year fiscal 2025 guidance, projecting revenue between $2.369 billion and $2.391 billion and earnings per share in the range of $5.78 to $5.87. Both ranges are in line with current analyst forecasts.

Jack Henry saw growth across its key segments in Q1, with core revenue up 4.9%, payments revenue increasing 6.3%, and complementary revenue rising 6.4% compared to the prior year period.

CFO Mimi Carsley noted that private cloud revenue grew over 11% and processing services continued to drive strong revenue growth at over 6%.

The company ended the quarter with $43 million in cash and $140 million in debt outstanding.

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Source: Investing.com