Jack Henry & Associates Inc. (NASDAQ:JKHY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Jack Henry & Associates Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10% to $0.55 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 11.81% to $298.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jack Henry & Associates Inc. reported adjusted EPS income of $0.55 per share. By that measure, the company beat the mean analyst estimate of $0.51. It beat the average revenue estimate of $289.11 million.
Quoting Management: According to Jack Prim, CEO, “We are very pleased to announce record revenue, earnings and backlog of future business for the fourth quarter and full fiscal year. A year ago for the first time we closed the fiscal year with over $1 billion in total revenue and company market capitalization of over $3 billion. This year we followed that performance with double digit organic revenue growth and market cap of over $4 billion. We delivered a balanced performance that benefitted our shareholders, customers and employees.”
Key Stats (on next page)…