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jack henry Jack Henry & Associates , Inc. Reports Second Quarter Fiscal 2021 Results February 8 , 2021 MONETT , Mo. , Feb. 8 , 2021 / PRNewswire / -- • Year - to - date summary : • GAAP revenue increased 2 % and operating income remained consistent for the six months ended December 31 , 2020 compared to the prior - year period . • Non - GAAP adjusted revenue increased 4 % and non - GAAP adjusted operating income increased 6 % for the six months ended December 31 , 2020 compared to the prior - year period . • GAAP EPS was $ 2.13 per diluted share for the six months ended December 31 , 2020 , compared to $ 2.10 in the prior - year period . o Cash at December 31 , 2020 was $ 147.8 million , an increase of 104 % compared to December 31 , 2019 . • Debt related to the revolving credit line and other lines of credit was zero at December 31 , 2020 and 2019 . • Second quarter summary : • GAAP revenue increased 1 % and operating income remained consistent for the quarter compared to the prior - year quarter . • Non - GAAP adjusted revenue increased 2 % and non - GAAP adjusted operating income increased 4 % for the quarter compared to the prior - year quarter . • GAAP EPS was $ 0.94 per diluted share for the quarter , compared to $ 0.94 in the prior - year quarter . • Full - year fiscal 2021 guidance : • GAAP revenue $ 1,760 million to $ 1,770 million • GAAP EPS $ 3.85 to $ 3.90 • Non - GAAP revenue $ 1,730 million to $ 1,740 million * Jack Henry & Associates , Inc. ( NASDAQ : JKHY ) , a leading provider of technology solutions and payment processing services primarily for the financial services industry , today announces results for the second quarter of fiscal 2021 and discusses its continued response to the novel coronavirus ( COVID - 19 ) pandemic . According to David Foss , President and CEO , " We are very pleased to report another solid quarter of revenue growth . We continue to see very strong demand for Jack Henry technology solutions in the markets we serve . Despite the ongoing impacts of the pandemic , our sales teams had a strong quarter and the sales pipeline is now very robust which bodes well for the remainder of our sales year . " GAAP Results for the Quarter and Year to Date Revenue for the quarter ended December 31 , 2020 increased to $ 422.4 million , which is 1 % growth over the second quarter of fiscal 2020 and includes increased outsourcing and processing revenues , partially offset by a decrease in deconversion fee revenue . The overall growth in revenue for the quarter was more than offset by an increase in costs primarily related to our card processing platform and higher personnel costs partially offset by travel expense savings as a result of COVID - 19 travel limitations ( see " COVID - 19 Impact and Response " section below ) and a gain on disposal of assets , net , resulting in operating income of $ 93.6 million compared to $ 93.7 million in the second quarter of fiscal 2020. Net income remained consistent at $ 72.0 million , or $ 0.94 per diluted share , compared to the second quarter of fiscal 2020 . For the six months ended December 31 , 2020 , revenue increased to $ 874.2 million , which is 2 % growth over the six months ended December 31 , 2019 and includes increased outsourcing and processing revenues , partially offset by a decrease in deconversion fee revenue . The overall growth in revenue for the year - to - date period was more than offset by an increase in costs primarily related to our card processing platform and higher personnel costs partially offset by travel expense savings as a result of COVID - 19 travel limitations , a gain on disposal of assets , net , and lower professional fees , resulting in operating income of $ 211.2 million compared to $ 211.9 million in the prior year - to - date period . Net income increased 1 % to $ 163.2 million , or $ 2.13 per diluted share , compared to the six months ended December 31 , 2019 due to the above factors and a decrease in effective tax rate from the prior fiscal year - to - date period . Non - GAAP Results for the Quarter and Year to Date For the quarter ended December 31 , 2020 , non - GAAP adjusted revenue increased 2 % to $ 420.2 million due to the above factors , excluding the effect of the change in deconversion fees and revenue in the prior year second quarter from our current year second quarter divestiture . Non - GAAP adjusted operating income increased 4 % to $ 89.7 million , compared to the prior fiscal year quarter due to the above factors , excluding the effect of the change in deconversion fees and related costs , the gain on disposal of assets , net , and operating income in the prior year second quarter from our current fiscal year second quarter divestiture ( see Non - GAAP Impact of Deconversion Fees , Gain on Disposal of Assets , and Operating Income from Divestitures on page 4 ) . For the six months ended December 31 , 2020 , non - GAAP adjusted revenue increased 4 % to $ 866.1 million due to the above factors , excluding the effect of the change in deconversion fees and revenue in the prior year - to - date period from our current year - to - date period divestiture . Non - GAAP adjusted operating income increased 6 % to $ 202.0 million compared to the six months ended December 31 , 2019 due to the above factors , excluding the effect of the change in deconversion fees and related costs , the gain on disposal of assets , net , and operating income in the prior year - to - date period from our current fiscal year - to - date period divestiture ( see Non - GAAP Impact of Deconversion Fees , Gain on Disposal of Assets , and Operating Income from Divestitures on page 4 ) .