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Jack Henry & Associates' Profit Surges 21%, Raises Fiscal Outlook
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Heartspace News Desk
•Source: Reuters, Reuters
TL;DR
Jack Henry & Associates' first-quarter profit rose by 21% to $144 million, with total revenue increasing 7.3% to $644.7 million due to high demand for banking technology. As a result, the company raised its fiscal year revenue outlook to $2.49-$2.51 billion and its profit per share guidance to $6.38-$6.49.
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Key takeaways
- Jack Henry & Associates, a technology and payment processing firm, reported a 21% increase in first-quarter profit, driven by robust demand for its banking technology services
- Net income for the quarter ending September 30 reached $144 million, or $1
- 97 per share, compared to $119
Jack Henry & Associates, a technology and payment processing firm, reported a 21% increase in first-quarter profit, driven by robust demand for its banking technology services. Net income for the quarter ending September 30 reached $144 million, or $1.97 per share, compared to $119.2 million, or $1.63 per share, in the same period last year. Total revenue increased 7.3% to $644.7 million.
Based on these strong results, Jack Henry has raised its fiscal year revenue outlook to between $2.49 billion and $2.51 billion. The company also increased its annual profit per share guidance to a range of $6.38 to $6.49.
Related Topics
Jack Henry & Associatesfinancial technologybanking technologyprofit growthrevenuefinancial outlook
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