- Jack Henry & Associates ( NASDAQ: JKHY ) has reiterated its fiscal year earnings guidance of $5.05 to $5.09 per share, missing Wall Street estimate of $5.10 .
- For Q1, the payment processing services company expects EPS in the range of $1.36 to $1.38 compared to consensus estimate of $1.47.
- Additionally, the firm has completed its previously announced acquisition of digital payment solutions firm Payrailz; financial terms of the transaction were not disclosed.
- This acquisition will enhance Jack Henry's ( JKHY ) payments-as-a-service strategy. The projected impact of the deal will be disclosed as part of the firm's FY23 first quarter earnings.
- Jack Henry ( JKHY ) also announced a partnership with Google Cloud to drive its modernization strategy. Through this partnership, Google Cloud will power Jack Henry's cloud-first services for banks and credit unions.
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Jack Henry & Associates reiterates FY EPS outlook