Jack Henry & Associates, Inc. (JKHY) Q3 2023 Earnings Call Transcript

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Q3 2023 Results Conference Call May 3, 2023 8:45 AM ET

Company Participants

Vance Sherard - Vice President of Investor relations

David Foss - Chairman and Chief Executive Officer

Mimi Carsley - Chief Financial Officer and Treasurer

Gregory Adelson - President and Chief Operating Officer

Conference Call Participants

Rayna Kumar - UBS

Daniel Perlin - RBC Capital Markets

David Togut - Evercore ISI

Vasundhara Govil - KBW

Peter Heckmann - D.A. Davidson

Kartik Mehta - Northcoast Research

John Davis - Raymond James

David Koning - Robert W Baird

James Faucette - Morgan Stanley

Dominick Gabriele - Oppenheimer

Mark Feldman - William Blair

Operator

Welcome to the Jack Henry’s third quarter earnings conference call. All participants will be in listen only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Mr. Vance Sherard, Vice President, Investor relations. Please go ahead.

Vance Sherard

Good morning and thank you for joining us for the Jack Henry fiscal 2023 third quarter earnings call. Joining me on the call today is David Foss, Board Chair and CEO; Mimi Carsley, CFO and Treasurer; and Greg Adelson, President and COO.

After my opening remarks, I will turn the call over to Dave for his thoughts about the state of our business, financial and sales performance for the quarter, industry comments and other key initiatives. After Dave concludes his comments, Mimi will provide additional commentary regarding the financial results and fiscal year guidance included in the press release issued yesterday that is available from the investor relations section of the Jack Henry website. We will then open the lines for Q&A.

As a reminder, this call includes certain Forward-Looking Statements, including remarks or responses to questions concerning future expectations, events, objectives, strategies, trends, or results like any statement about the future these are subject to multiple factors that could cause actual results or events to differ materially from those which we anticipate due to multiple risks and uncertainties. The Company undertakes no obligation to update or revise these statements. For a summary, these risk factors and additional information please refer to yesterday’s press release and the sections in our 10K entitled risk factors and forward-looking statements.

On this call, we will discuss certain non-GAAP financial measures, including non-GAAP revenue and non-GAAP operating income. The reconciliations for non-GAAP financial measures are in yesterday’s press release.