(Reuters) - Jack Henry forecast fiscal 2025 profit above Wall Street estimates on Tuesday, on resilient demand for the financial technology company's products and services.
Robust demand despite an uncertain economic backdrop has powered growth for financial technology and payments companies in areas such as lending, consulting, payments, and digital banking.
"We produced record revenue and operating income in fiscal year 2024 along with our highest-ever sales bookings in both the fourth quarter and fiscal year. Technology spending remains robust with significant demand," said CEO Greg Adelson in a statement.
Jack Henry sees fiscal 2025 profit per share between $5.78 and $5.87. Analysts on average had expected $5.76 per share, according to LSEG data.
The Monett, Missouri-based company, which provides software and services primarily to banks, credit unions, and other financial institutions, said revenue rose 4.7% to $559.9 million in the April-to-June period.