Record First Quarter Financial Results
Jack Henry produced record first quarter financial results with non-GAAP revenue of $636 million, up 8.7% over last year's first quarter, exceeding the anticipated 7% to 7.5% increase.
Successful Sales Performance and Cloud Migration
In Q1, Jack Henry signed 7 contracts to move existing clients to their private cloud, with the asset size of clients migrating being 60% higher over the past year. 77% of core clients are now operating in the Jack Henry private cloud.
Largest Client Conference to Date
The Jack Henry Connect conference in San Diego drew a record 2,651 clients and 91 prospects from 30 banks and credit unions, which is a major driver of new business opportunities.
Acquisition of Victor Technologies
Jack Henry acquired Victor Technologies, enhancing their payments-as-a-service capabilities and integration with SilverLake core banking system. This acquisition creates new opportunities for clients and fintechs.
Strong Growth in Banno Digital Platform
The Banno Digital Platform saw a 15% increase in registered users over the past year, with 18 new clients signed in the quarter.