AI English summary of an SEC filing — figures as filed
Jack Henry & Associates JKHYThe company said total revenue for Q2 of fiscal 2024 increased 8.0%, or $40,387 (in thousands), from the prior year period. Excluding deconversion revenue, the increase was 8.4%. The company cited growth in data processing and hosting, Jack Henry digital (including Banno), card, and remote capture and ACH revenues as the factors behind the increase.
Key points
AI summaryThe company said total revenue for Q2 of fiscal 2024 increased 8.0%, or $40,387 (in thousands), from the prior year period. Excluding deconversion revenue, the increase was 8.4%. The company cited growth in data processing and hosting, Jack Henry digital (including Banno), card, and remote capture and ACH revenues as the factors behind the increase.
Jack Henry said operating income for Q2 of fiscal 2024 increased 10.8%, or $11,591 (in thousands). Net income rose 13.9% to $91,965 (in thousands), or $1.26 per diluted share. Net income for the prior year period was $80,775 (in thousands), or $1.10 per share.
The company said net income for the 6 months ended December 31, 2023 increased 3.4% to $193,644 (in thousands), or $2.65 per diluted share. Operating expense adjustments for the same period included VEDIP program expenses of $16,443 (in thousands).
The company said operating cash flow for the first six months of fiscal 2024 increased 25% from the same period a year earlier, and that it used $113,247 (in thousands) in financing activities. As of December 31, 2023, the outstanding balance under its credit and term loan facilities was $255,000 (in thousands).
Key figures
Quarter ended December 31, 2023
- Revenue
- $546M
- Operating income
- $119M
- Net income
- $92M
- EPS
- $1.26
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q2 total revenue up 8.0%
The company said total revenue for Q2 of fiscal 2024 increased 8.0%, or $40,387 (in thousands), from the prior year period. Excluding deconversion revenue, the increase was 8.4%. The company cited growth in data processing and hosting, Jack Henry digital (including Banno), card, and remote capture and ACH revenues as the factors behind the increase.
Source · Based on the MD&A text of the filing
Q2 operating income up 10.8%, net income up 13.9%
Jack Henry said operating income for Q2 of fiscal 2024 increased 10.8%, or $11,591 (in thousands). Net income rose 13.9% to $91,965 (in thousands), or $1.26 per diluted share. Net income for the prior year period was $80,775 (in thousands), or $1.10 per share.
Source · Based on the MD&A text of the filing
6-month net income up 3.4% and VEDIP costs
The company said net income for the 6 months ended December 31, 2023 increased 3.4% to $193,644 (in thousands), or $2.65 per diluted share. Operating expense adjustments for the same period included VEDIP program expenses of $16,443 (in thousands).
Source · Based on the MD&A text of the filing
6-month cash flow and borrowing balances
The company said operating cash flow for the first six months of fiscal 2024 increased 25% from the same period a year earlier, and that it used $113,247 (in thousands) in financing activities. As of December 31, 2023, the outstanding balance under its credit and term loan facilities was $255,000 (in thousands).
Source · Based on the MD&A text of the filing
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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