Jack Henry & Associates delivered a solid QQ4 2024 and fiscal 2024, underscored by record revenue and operating income, robust new core wins, and rapid cloud adoption. Total Q4 revenue rose 5% on a GAAP basis and 6% non-GAAP, with full-year revenue up 7% on both GAAP and non-GAAP measures. The company reported a quarterly and full-year record for sales bookings, including 15 new core contracts exceeding $1 billion in assets for the fiscal year, signaling strong demand from larger financial institutions. Management attributed the outperformance to three enduring themes: (1) a highly engaged workforce delivering superior service, (2) a disciplined technology modernization program (One Jack Henry) and software expansion, and (3) continued demand for digital and payments solutions (Banno, Financial Crimes Defender, faster payments). The core business benefited from private cloud migration (73% of core clients hosted in private cloud) and ongoing private/public cloud growth (cloud offerings up 11% in Q4; 10% for the year), while Banno and card-related processing drove solid payments and complementary results. Management provided fiscal 2025 guidance implying 7-8% revenue growth and 25-40 bps of non-GAAP margin expansion, supported by continued cloud migration, software usage contracts, and cost discipline. They also signaled a modest first-quarter headwind (~100 bps margin contraction) due to seasonal maintenance and year-over-year timing, with stronger second-half momentum. The outlook reflects a positive demand environment, healthy client base, and a clear plan to accelerate margin and cash flow returns while investing in high-growth areas.