Springfield, MO

Computerworld: JKHY ranks among Top 100 IT companies

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Monett-based Jack Henry & Associates Inc. (Nasdaq: JKHY) is among seven Missouri firms listed in Computerworld’s 2012 100 Best Places to Work in IT.

The special report in the magazine’s current issueranks Jack Henry & Associates at No. 60. Others in Missouri are St. Louis-area companies Monsanto, No. 29, Scottrade Financial Services Inc., No. 31, National Information Solutions Cooperative, No. 54, Ascension Health, No. 55, and Edward Jones, No. 83, as well as Kansas City-based Cerner Corp., No. 59.

The report, in its 19th year, considered benefits, training, retention, diversity and career development in the companies’ information technology departments.

Jack Henry, which posted net income of $36.7 million for its third quarter ending March 31, constructs integrated computer systems and processes ATM and debit card transactions for more than 11,900 bank and credit unions nationwide. 

“Flexible work arrangements are a coveted perk at this Monett, Mo.-based provider of computer systems to banks and credit unions, and include telecommuting, flexible hours and more,” Computerworld said. “Cutting-edge technology allows employees to be as securely connected at home or on the road as when they are in an office.”

The report also noted Jack Henry’s standard “jeans and T-shirt” office attire and its community service efforts, namely the volunteer labor and $81,000 donated to Joplin’s tornado relief efforts in the past year.

In the medium size category – with 4,762 employees and 274 working in information technology – Jack Henry ranked No. 19 on Computerworld’s list.

Based on questionnaires filled out by company employees and managers, Jack Henry recorded 2 percent turnover in its IT department and promoted 11 percent of the staff in 2011. Roughly 16 percent of its IT staff members are women and 7 percent are minorities. Each IT employee received five days of training and a $912 training budget last year, the company said.

No. 1 on Computerworld’s overall list is San Antonio-based financial services firm USAA, a $19 billion privately held company that offers $10,000 tuition reimbursement per year and ranked No. 4 for retention.

The publication surveyed 33,461 respondents from 100 companies it selected to determine the ranking.

Earlier this year, Jack Henry ranked as southwest Missouri’s third fastest-growing company in Springfield Business Journal’s 2012 Dynamic Dozen. The firm’s $967 million fiscal 2011 revenues represented a three-year growth rate of 30 percent.

Shares of Jack Henry closed July 10 at $34.62, compared to a 52-week range of $24.41 to $35.49.

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