Jack Henry & Associates, Inc. (NASDAQ:JKHY) Q2 2024 Earnings Call Transcript

Ben Varga: Got it. That makes perfect sense. And then as we think about the growth opportunity for Banno Retail, are these wins coming from greenfield opportunities for the most part? Or are you also kind of bumping up against some of the other digital banking providers?

David Foss : Yes, absolutely. No. We have a lot of competitive takeaways from the other providers. There are some opportunities within both the core base. We’ve talked about taking it outside of the Jack Henry core base and where we’re going with that. But right now, there’s probably an equal mix of opportunities from a handful of the larger digital banking providers today that we’re winning some deals from and as well as our existing core base.

Greg Adelson: And I think it’s fair to say there is no such thing as a greenfield opportunity at any point. So, everybody has something. We’re displacing something every single time.

David Foss : Yes. That’s a fair point.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Vance Gerard for any closing remarks.

Vance Sherard : Thank you, Laura. We look forward to speaking further with many of you at investor events in the coming weeks. On behalf of the management team, I would like to express our appreciation to all the Jack Henry associates whose efforts produce these outstanding financial results. Thank you for joining us today. And Laura, will you please provide the replay number?

Operator: The replay number for today’s call is (877) 344-7529 and the access code is 9025867. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.