Jack Henry Reports Mixed Q4 Results; Stocks fall by Investing.com

MONETT, Mo. – Jack Henry & Associates, Inc. (NASDAQ: ) reported fourth-quarter earnings that beat analysts’ estimates, though revenue fell short of expectations. After the release, shares of the financial technology provider fell 0.8 percent in after-hours trading.

For the fiscal fourth quarter ended June 30, Jack Henry reported adjusted earnings per share of $1.38, beating the consensus estimate of $1.32. Revenue was $559.9 million, up 4.7 percent from last year, but below analysts’ forecasts of $563.4 million.

“We are very pleased to report strong overall financial performance results for the fourth quarter and full fiscal year 2024,” said Greg Adelson, President and CEO. “We achieved record revenue and operating income in fiscal 2024, along with our highest-ever sales bookings in both the fourth quarter and the fiscal year.”

The company’s services and support revenue increased 1.5% to $316.7 million, while processing revenue increased 9.2% to $243.2 million compared to the year-ago quarter previous.

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

Despite the decline in revenue, management expressed optimism about future growth prospects, citing strong technology spending and strong demand for the company’s solutions.

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