Jack Henry (JKHY) Earnings & Revenues Beat Estimates In Q4
Zacks Investment Research | Aug 25, 2019 10:02PM ET
Jack Henry & Associates, Inc. (NASDAQ:JKHY) delivered fourth-quarter fiscal 2019 earnings of 79 per share, which surpassed the Zacks Consensus Estimate by 2 cents and surged 2.6% on a sequential basis. However, the figure declined 9.2% from the year-ago quarter.
Year-over-year decline in the bottom line can primarily be attributed to customers’ preference of outsourced delivery over on-premise solutions which led to lower license and in-house implementation revenues during the reported quarter.
Revenues advanced 3.5% sequentially and 4% year over year to $.393.51 million. The figure also outpaced the Zacks Consensus Estimate of $391 million.
Further, as per the company reported, non-GAAP revenues came in $385.3 million, up 4% year over year and 3.6% from the previous quarter.
The top line was driven by solid performance of core and payments segments during the reported quarter.
Coming to the price performance, shares of Jack Henry have returned 9.7% on a year-to-date basis, underperforming the Zacks Investment Research
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