Jack Henry & Associates (JKHY) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the same period last year and was slightly higher than the immediately preceding quarter. The company's operating cash flow decreased year over year due to higher tax payments and timing of prepaid expenses.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the same period last year and was slightly higher than the immediately preceding quarter. The company's operating cash flow decreased year over year due to higher tax payments and timing of prepaid expenses.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$508.6M
Revenue reported for this quarter.
Quarter-over-quarter
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $482.7M | +7.2% |
| Sep 30, 2022 | $529.2M | +8.4% |
| Dec 31, 2022 | $505.3M | +2.3% |
| Mar 31, 2023 | $508.6M | +6.3% |
Revenue performance
Revenue growth was driven by ongoing business operations, with a modest sequential increase.
Quarterly comparison
Compared to the prior quarter, revenue edged higher. Versus the same quarter a year ago, revenue showed a solid increase.
What to watch
Monitor the impact of higher cash taxes and prepaid expense timing on future cash flows.