Jack Henry & Associates Inc Q1 2024 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Tyler DuPont - BofA Securities, Research Division - Analyst : This is Tyler DuPont on for Jason. So I wanted to start on the growth side of things, looks like growth is pretty solid across dimensions, particularly on the corporate side and complementary. So I was just wondering if you can speak to kind of specifically what drove that outperformance during the quarter. And then on the other side, it looks like the payments growth was healthy but a little bit lower than what's expected on the "normalized" growth rate of 8% to 9%. So I just wanted to ask what dynamics you're seeing there and any expectations going forward.

Question: Tyler DuPont - BofA Securities, Research Division - Analyst : Okay, great. That's helpful. I appreciate it. And then just a follow-up. I want to shift gears to margins and just the dynamics you're seeing there across the business. It looks like during the quarter, margins came in ahead, or at least what we were anticipating on an adjusted basis, full year as well was raised. I'd be curious to hear more about what you're seeing that drove that uplift during the quarter and thus the full year raise. And tangentially to that as well but sort of on a separate line, given where we're sitting now, when do you anticipate Payrailz will become margin neutral to the business?