Services and support revenue increased 4.2% YoY, driven by double-digit growth in data processing and hosting revenues as clients migrate to private cloud and processing volumes expand.

Processing revenue increased 6.6% YoY, driven by growth in card revenue, Jack Henry digital revenue, and higher payment processing revenues from expanding volumes and new client revenue.

The company continually seeks opportunities to increase revenue while at the same time containing costs to expand margins. This indicates a strategic focus on profitability and efficiency.

The CEO and CFO concluded that the company's disclosure controls and procedures are effective to provide reasonable assurance that information is accurately reported.

There were no changes in the Company's internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

The company believes its primary competitive advantage is client service, with high levels of client satisfaction and retention measured consistently through various surveys.

The company is exposed to credit risk on credit extended to clients and interest risk on outstanding debt, and actively monitors these risks through controlled procedures involving senior management.

With $140 million outstanding debt with variable interest rates, a 1% increase in the borrowing rate would increase annual interest expense by $1.4 million.

The company is subject to various routine legal proceedings and claims arising in the ordinary course of business, but management does not expect these to have a material adverse effect on the financial statements.

The company is a well-rounded financial technology company and a leading provider of technology solutions and payment processing services primarily to community and regional financial institutions.

The quality of solutions, high service standards, and the way the company does business typically foster long-term client relationships, attract prospective clients, and have enabled the company to capture substantial market share.

Clients continue to face regulatory and operational challenges which the company's products and services address, and in these times they have an even greater need for our solutions that directly address institutional profitability, efficiency, and security.

The company continually seeks opportunities to increase revenue while at the same time containing costs to expand margins. This indicates a strategic focus on profitability and efficiency.

Cost of revenue for the first quarter of fiscal 2025 increased 6.3% over the prior fiscal year first quarter. This increase was primarily due to higher direct costs generally consistent with increases in the related lines of revenue, higher personnel costs, including an increase in employee headcount in the trailing twelve months, and increased internal licenses and fees from increased deployments and pricing.

The company conducted a voluntary separation program for certain eligible employees that included a VEDIP payment for the eligible employees who chose to participate in the program. This impacted operating expenses.

Cash used in investing activities included $42.26 million for the ongoing enhancement and development of existing and new product and service offerings.

Double-digit growth in data processing and hosting revenues as new and existing clients migrate to our private cloud and processing volumes expand.

Improvement in Jack Henry digital revenue (including Banno) from a higher number of active users and expanding volumes from existing products and the recent introduction of new add-on products.

The Board of Directors has authorized the Company to repurchase shares of its common stock, but no shares were repurchased during the first three months of fiscal 2025.

Financing activities used cash of $40.10 million for dividends paid to stockholders.

Total consolidated capital expenditures on facilities and equipment for the Company for fiscal year 2025 are expected to be approximately $68 million and have been or will be funded from our credit facilities and cash generated by operations.

The 10-Q filing does not explicitly mention any specific environmental, social, or governance (ESG) initiatives.

Clients continue to face regulatory and operational challenges which our products and services address, and in these times they have an even greater need for our solutions that directly address institutional profitability, efficiency, and security.

We believe our strong balance sheet, access to extensive lines of credit, the strength of our existing product line, and an unwavering commitment to superior client service position us well to address current and future opportunities.