AI English summary of an SEC filing — figures as filed
Jack Henry said GAAP revenue rose 8.0% and GAAP operating income rose 10.8% for the 3 months ended December 31, 2023, with GAAP diluted earnings per share of $1.26 compared with $1.10 a year earlier. The figures are for the period compared with $545,701 thousand and $118,967 thousand respectively.
Key points
AI summaryJack Henry said GAAP revenue rose 8.0% and GAAP operating income rose 10.8% for the 3 months ended December 31, 2023, with GAAP diluted earnings per share of $1.26 compared with $1.10 a year earlier. The figures are for the period compared with $545,701 thousand and $118,967 thousand respectively.
The company said GAAP operating income rose 1.4% for the 6 months ended December 31, 2023, while non-GAAP adjusted operating income rose 13.6%. The company cited the voluntary employee departure incentive payment (VEDIP) program expense of $16,443 thousand as a factor in higher selling, general and administrative expenses.
The company reported net cash from operating activities of $238,672 thousand for the 6 months ended December 31, 2023 ($190,711 thousand a year earlier) and free cash flow of $128,713 thousand. Share repurchases for the period totaled $20,000 thousand, and borrowings were $255 million as of December 31, 2023.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.
Jack Henry Reports GAAP Results for Quarter Ended December 31, 2023
Jack Henry said GAAP revenue rose 8.0% and GAAP operating income rose 10.8% for the 3 months ended December 31, 2023, with GAAP diluted earnings per share of $1.26 compared with $1.10 a year earlier. The figures are for the period compared with $545,701 thousand and $118,967 thousand respectively.
Source · Based on the filing body and exhibits
Operating Income Growth and VEDIP Costs for 6-Month Period
The company said GAAP operating income rose 1.4% for the 6 months ended December 31, 2023, while non-GAAP adjusted operating income rose 13.6%. The company cited the voluntary employee departure incentive payment (VEDIP) program expense of $16,443 thousand as a factor in higher selling, general and administrative expenses.
Source · Based on the filing body and exhibits
Cash Flow and Borrowings for 6-Month Period
The company reported net cash from operating activities of $238,672 thousand for the 6 months ended December 31, 2023 ($190,711 thousand a year earlier) and free cash flow of $128,713 thousand. Share repurchases for the period totaled $20,000 thousand, and borrowings were $255 million as of December 31, 2023.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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