Jack Henry & Associates ( NASDAQ: JKHY ) shares fell 4.4% in Tuesday after-hours trading despite closing out its fiscal year with "another quarter of record revenue, operating income, and total sales bookings," said Chair and CEO David Fross.
The company sees 2023 EPS of $5.05-5.09, missing the Wall Street estimate of $5.30.
Revenue for 2023 is expected to be $2,080M-2,087M compared with the consensus of $2.08B.
For the fourth quarter, Jack Henry's ( JKHY ) adjusted EPS of $1.10 fell short of the average analyst estimate of $1.00 but increased from $1.04 at June 30, 2021.
Revenue of $482.7M, though, surpassed the consensus of $480.3M and rose from $450.3M a year before.
Services and Support revenue climbed 7% to $279.7M Y/Y in Q4, driven by growth in cloud processing revenue and increased implementation fee revenue. Processing sales for Q4 gained to $202.9M from $188.6M in Q4 2021, helped by growth in Jack Henry digital revenue and increased card processing revenue.
Q4 operating income was $103.8M, up from $96.3M in Q4 2021.
Q4 adjusted EBITDA perked up to $144.5M from $132.4M in Q4 of last year.
Conference call on August 17 at 7:45 a.m. CT (8:45 a.m. ET).
Earlier, Jack Henry & Associates GAAP EPS of $1.10, revenue of $482.67M .
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Jack Henry & Associates stock dips on worse-than-expected 2023 bottom line guidance