Jack Henry (NASDAQ:JKHY) reported its Q1 results, with EPS of $1.46 coming in better than the Street estimate of $1.44. Revenue was $529.2 million, compared to the Street estimate of $531.05 million.
Core/Payments/Complementary year-over-year revenue growth was 6.2%/7.0%/7.7%. Core and complementary were weaker than anticipated while corporate/other revenue made up the difference.
For fiscal 2023, the company expects EPS to be in the range of $4.90-$4.94, compared to the Street estimate of $5.03. Full-year revenue is expected in the range of $2.092-2.099 billion, compared to the Street estimate of $2.08 billion.
Although the operating margin is expected to contract year-over-year in 2023, the company expects to return to year-over-year expansion in 2024.
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