Jack Henry boosts profits in fiscal second quarter

Jack Henry & Associates Inc. (Nasdaq: JKHY) reported a 6.4% increase in profits during its fiscal second-quarter period that ended Dec. 31.

Net income for the Monett-based financial software company came to $97.8 million, up from $92 million a year earlier, according to a news release. Diluted share earnings rose to $1.34 from $1.26 per share year over year.

Revenue in the fiscal second quarter climbed 5.2% to $573.8 million from $545.7 million a year earlier.

"We continued our positive sales momentum with record sales attainment in Q2 for the second consecutive year while maintaining a robust sales pipeline for future opportunities," company President and CEO Greg Adelson said in the release. "We are seeing strong demand for our products from both new and existing clients and are making substantial progress with our technology modernization strategy."

Jack Henry's assets were $2.9 billion as of Dec. 31. The company has around 7,500 financial industry clients.

JKHY stock was trading at $174.81 as of 9:06 a.m., compared with a 52-week range of $157 to $189.63 per share.