Jack Henry & Associates, Inc. — Fiscal 2027 First Quarter Earnings Summary
Financial Performance:
- Deconversion revenue for the fiscal first quarter ended September 30, 2026, was $17.9 million.
- Deconversion revenue is excluded from non-GAAP revenue reported in quarterly and annual earnings releases.
- No other specific financial metrics such as total revenue, earnings, profit margins, or cash flow were provided in the release.
Guidance and Future Outlook:
- Based on the first-quarter results, the deconversion revenue estimate for the full fiscal year 2027 is $17.9 million.
- The release notes that deconversion revenue recognition is driven by factors outside the company's control.
Business Segments and Product Lines:
- The majority of deconversion revenue is generated when a client agrees to be acquired by another financial institution, resulting in contract termination.
- The company serves more than 7,200 clients with technology solutions for banks and credit unions.
Other Key Points:
- Jack Henry is an S&P 500 company.
- The company prioritizes openness, collaboration, and user centricity, offering an ecosystem of internally developed modern capabilities and integrations with leading fintechs.
- The company has provided technology solutions for 50 years.
- Guidance methodology for deconversion revenue estimates is detailed in the Current Report on Form 8-K filed with the SEC on August 3, 2023.
- Company
- JACK HENRY & ASSOCIATES INC
- Sector
- Technology
- Industry
- Information Technology Services