Jack Henry & Associates (JKHY) Revenue — Quarter Ended Dec 31, 2023
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects typical seasonal patterns, while the year-over-year growth indicates continued business expansion.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q2
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects typical seasonal patterns, while the year-over-year growth indicates continued business expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$545.7M
Revenue reported for this quarter.
Quarter-over-quarter
-4.5%
Change from the immediately preceding quarter.
Year-over-year
+8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.2B
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 |
|---|---|---|
| Mar 31, 2023 | $508.6M | +6.3% |
| Jun 30, 2023 | $534.6M | +10.8% |
| Sep 30, 2023 | $571.4M | +8.0% |
| Dec 31, 2023 | $545.7M | +8.0% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, marking a sequential decline. However, compared to the same quarter one year earlier, revenue showed an increase.
Quarterly comparison
Revenue decreased from the prior quarter but increased from the same quarter a year ago. The trailing twelve-month revenue remained above the current quarterly figure.
What to watch
Monitor whether the sequential revenue decline continues into the next quarter or reverses.