Jack Henry & Associates Inc at UBS Fintech Leaders Conference Transcript

Jan 23, 2024

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Sep 14, 2023 / 03:40PM GMT
Rayna Kumar - UBS Investment Bank, Research Division - Analyst

All right. Good afternoon, everyone. I am Rayna Kumar, and I lead U.S. payment processors and IT services. And today, I'm very fortunate to have CFO of Jack Henry, Mimi Carsley (inaudible) for the first time.

Questions and Answers:

Rayna Kumar - UBS Investment Bank, Research Division - Analyst

So Mimi, just to start out with, in the fourth fiscal quarter, Jack Henry booked 16 competitive core takeaways, making it 47 for the fiscal year. What's fueling the strength? Has the competitive dynamics changed? And more importantly, are you seeing any residual effects from one of your competitors which is currently struggling?

Mimi L. Carsley - Jack Henry & Associates, Inc. - CFO & Treasurer

Thanks. So yes, we just closed out a strong FY '23. We are a June 30 filer, so we just finished our year-end and kicking off FY '24. So historically, on average, we close about 50 new core wins. Now when we say core wins, we mean completely new logos to us. So

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