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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 565M | 4.4% |
| Gross Profit | 237M | 11.8% |
| Cost of Revenue | 327M | 0.3% |
| Operating expense | 110M | 12.2% |
| Net Income | 101M | 16% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.92B | 5.6% |
| Total Liabilities | 1.08B | 9.2% |
| Total Equity | 1.84B | 3.5% |
| Shares Outstanding | 73M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 232M | 137.6% |
| Cash from investing | -76M | 41.3% |
| Cash from financing | -145M | 233.7% |
EPS
Financial Highlights for Jack Henry & Associates in Q2 '24
Jack Henry & Associates reported a revenue of 565M, which is a 4.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 237M, marking a 11.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 327M, a -0.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 110M, showing a 12.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 101M, showing a 16% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Jack Henry & Associates with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
