Jack Henry |amp| Assoc. revenues increase for 13th year

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Jack Henry & Associates has reported record sales and earnings for its latest fiscal year. It is the 13th consecutive year the Monett-based company has seen revenues rise. |ret||ret||tab|

In addition, Jack Henry has entered into a new venture, which will expand the services it offers.|ret||ret||tab|

For the fiscal year that ended on June 30, Jack Henry reported total revenues of $396.7 million, compared to $366.9 million the previous fiscal year.|ret||ret||tab|

The company reported earnings of $15.9 million, or 17 cents per share, on revenue of $106.1 million. That compares with earnings for the fourth quarter of 2001 of $15.5 million, or 17 cents per share, on income of $10.1 million. That was a jump of nearly 5 percent in revenue for the three-month period, while earnings rose 2.6 percent.|ret||ret||tab|

According to Terry W. Thompson, president of Jack Henry & Associates, a key component to the company's growth is acquisitions it has made. "Acquisitions have proven to be highly successful, and we are very pleased with the competitive position in our markets," Thompson said.|ret||ret||tab|

One of those acquisitions has enabled Jack Henry to expand its services and attract new clients.|ret||ret||tab|

Jack Henry's Symitar Systems division was recently chosen by FECCA, the credit union for FedEx Corp., to process data for the credit union. Jack Henry purchased Symitar Systems in 2000 and was then able to move into the credit union market.|ret||ret||tab|

FECCA serves more than 67,400 members and has more than $175 million in assets.|ret||ret||tab|

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