Jack Henry & Associates, Inc. (NASDAQ:JKHY) Q4 2023 Earnings Call Transcript

Gregory Adelson: Yes. I think I’ll add. So I think we zero-base every role that we have and we will do the exact same that we do here. So basically, looking at the role of determining its value for the future. Again, as Dave mentioned, a lot of these opportunities are going to create levels of folks that will be able to move up in the organization and we may not need to backfill that particular position. There could be opportunities where we actually move those positions over to other roles that are growing our businesses that are growing and taking those resources that way. So there’s a lot of that evaluation that’s going on as we speak and it has been mentioned, but the ideal goal is that we would have some opportunity there to improve our headcount and in some cases, less than the headcount, but we’re very diligent in that process at all times again we zero-base every single role.

Mimi Carsley: Yes. And, I would just add for just a little bit more color there. For FY ’23, headcount increased around 3% and if you take Payrailz out of it, it was a 2% growth. So while we are very selective in making investments in our people and hiring, it’s not been a large number.

Ken Suchoski: Okay, great. Thank you both.

Gregory Adelson: Sure.

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

Vance Sherard: Thank you, Anthony. We look forward to seeing many of you at upcoming multiple investor events during September. We are pleased with the quarterly results and again thank all Jack Henry associates for their efforts. We appreciate you joining us today, and Anthony, will you please provide the replay number?

Operator: The replay number for today’s call is 877-344-7529 and the access code is 7033565. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.