Fri, Nov 8, 6:44 PM (101 days ago)
For the quarter ending September 30, 2024, Jack Henry & Associates, Inc. (NASDAQ: JKHY) reported a revenue increase of 5.2% to $600,982, driven by growth in data processing, card, and digital revenues. Operating income rose 14.0% to $151,276, reflecting effective cost management despite a 2.5% rise in operating expenses. Net income grew 17.2% to $119,191, with diluted earnings per share at $1.63. The company’s cash and cash equivalents improved to $43,212, while cash from operations decreased by 26% to $116,896, primarily due to reduced receivables collection. The balance sheet remains robust with total assets of $2,928,511 and liabilities of $1,003,483. The company maintained compliance with its credit agreements, with $140,000 in outstanding variable debt. Future operations may be impacted by ongoing regulatory challenges faced by clients, yet the company’s strong service commitment and market position are expected to drive continued growth. Overall, Jack Henry's quarterly results indicate solid financial health and a positive outlook for future performance.