Jack Henry & Associates ( (JKHY) ) has released its Q4 earnings. Here is a breakdown of the information Jack Henry & Associates presented to its investors.
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Jack Henry & Associates, Inc. is a financial technology company that provides innovative solutions to banks and credit unions, enabling them to enhance their services and compete effectively in the financial sector.
In its latest earnings announcement, Jack Henry reported deconversion revenue of $20.5 million for the fiscal fourth quarter ending June 30, 2025, and a total of $33.9 million for the full fiscal year 2025. This revenue is primarily generated when clients are acquired by other financial institutions, leading to contract terminations with Jack Henry.
The company clarified that deconversion revenue is not indicative of its core business operations, which focus on providing ongoing services to clients. Therefore, this revenue is excluded from their non-GAAP revenue figures in quarterly and annual earnings reports.
Looking ahead, Jack Henry remains committed to delivering innovative financial technology solutions that empower their clients to meet the evolving needs of their account holders, while maintaining a strong focus on openness, collaboration, and user-centricity.