Jack Henry reports mixed Q4 results; Shares dip

MONETT, Mo. - Jack Henry & Associates, Inc. (NASDAQ:JKHY ) reported fourth quarter earnings that beat analyst estimates, though revenue fell short of expectations. The financial technology provider's shares slipped 0.8% in after-hours trading following the release.

For the fiscal fourth quarter ended June 30, Jack Henry posted adjusted earnings per share of $1.38, surpassing the consensus estimate of $1.32. Revenue came in at $559.9 million, up 4.7% year-over-year but below analyst projections of $563.4 million.

"We are very pleased to report overall strong financial performance results for the fourth quarter and full 2024 fiscal year," said Greg Adelson, President and CEO. "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."

The company's services and support revenue increased 1.5% to $316.7 million, while processing revenue rose 9.2% to $243.2 million compared to the prior year quarter.

For fiscal 2025, Jack Henry forecasts earnings per share between $5.78 and $5.87, above the $5.76 consensus. The company expects revenue in the range of $2.35 billion to $2.37 billion, with the midpoint slightly below analysts' $2.37 billion estimate.

Despite the revenue miss, management expressed optimism about future growth prospects, citing robust technology spending and strong demand for the company's solutions.

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Source: Investing.com