Jack Henry Surpasses Expectations in First Quarter Earnings, Confirms Full-Year Outlook

MONETT, Mo. - Jack Henry & Associates, Inc. (NASDAQ:JKHY) reported results that exceeded expectations for the first quarter of fiscal year 2025; revenue and earnings surpassed analyst estimates. The company's shares rose by 0.8% in after-hours trading following the announcement of the results.

The financial technology provider reported adjusted earnings of $1.63 per share for the quarter ending September 30, surpassing the consensus estimate of $1.62. Revenue increased by 5.2% year-over-year to $600.98 million, exceeding expectations of $599.56 million.

Greg Adelson, President and CEO of Jack Henry, stated, “We are pleased to report another strong financial performance quarter that is somewhat better than the outlook provided for the first quarter of fiscal year 2025 in August.”

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

Jack Henry saw growth in its core segments during the first quarter; core revenue grew by 4.9%, payment revenue by 6.3%, and complementary revenue increased by 6.4% compared to the same period last year.

CFO Mimi Carsley noted that specialized cloud revenue grew by over 11% and transaction services continued to deliver strong revenue growth exceeding 6%.

The company concluded the quarter with $43 million in cash and a debt balance of $140 million.