1) Record Financial Performance and Sales Growth - Q4 non-GAAP revenue reached $633 million, a 7% YoY increase, exceeding guidance. - Full fiscal year non-GAAP revenue was $2.5 billion, also up 7% YoY. - Non-GAAP operating margin improved to 21% in Q4 and 24% for the year, marking a 92 basis point increase YoY. - Achieved 58 competitive core wins in FY 2026, surpassing the previous record of 57, with 14 wins from institutions over $1 billion in assets.

2) Strategic Initiatives and Innovations - Continued focus on a public cloud native modernization strategy and innovative solutions, leading to higher-value trifecta deals (core, digital banking, and card). - Expanded collaboration with Google Cloud for AI-driven security capabilities, enhancing cyber resilience for clients. - Launched 22 AI-enabled products and identified over 20 additional AI capabilities for release in the next six months.

3) Operational Challenges and Headwinds - Experienced a $9 million decline in deconversion revenue due to M&A activity among financial institutions. - Anticipated increased expenses in FY 2027 from self-insured medical costs and investments in cybersecurity and infrastructure. - Q1 non-GAAP revenue growth expected to be modestly below the low end of FY 2027 guidance due to the timing of the annual client conference.

4) Guidance and Outlook for FY 2027 - FY 2027 GAAP revenue growth guidance set at 5.5% to 6.5%, with non-GAAP revenue growth expected between 6.3% and 7.3%. - Non-GAAP margin projected to expand by 20 to 40 basis points. - Strong sales pipeline and momentum in core wins suggest potential for continued growth, with expectations of 58 to 65 core wins in FY 2027.

5) Investor Engagement and Future Events - Upcoming Investor Day scheduled for September 15, 2026, to discuss strategies and innovations. - Continued focus on enhancing client relationships and showcasing new solutions at the annual Jack Henry Connect conference in October.

Bottom line: Jack Henry's robust financial performance, strategic innovations, and strong sales momentum position the company favorably for sustained growth in FY 2027, despite anticipated operational challenges. The focus on larger institutions and AI-driven solutions enhances long-term value for shareholders.