Jack Henry boosts fiscal year profits by 4%

Jack Henry & Associates Inc. (Nasdaq: JKHY) posted higher net income and revenue during its recently ended fiscal year.

The Monett-based financial software company reported fiscal 2024 profits of $381.8 million, a 4.1% increase from $366.6 million a year earlier, according to a news release. Diluted share earnings rose to $5.23 from $5.02 per share.

Revenue during the fiscal year, which ended June 30, was up 6.6% to $2.2 billion.

"We produced record revenue and operating income in fiscal year 2024 along with our highest-ever sales bookings in both the fourth quarter and fiscal year," President and CEO Greg Adelson said in the release. "Technology spending remains robust with significant demand for our innovative solutions. Even with record sales bookings, we continued to replenish and keep our sales pipeline near its all-time high.

"We are well positioned for future growth as we continue to invest in innovation, execute on our strategy and deliver for our clients and shareholders."

As of June 30, Jack Henry's assets were $2.9 billion. The company has roughly 7,500 financial industry clients.

JKHY shares were trading at $165.49 as of 9:03 a.m., compared with a 52-week range of $136.57 to $178.37 per share.