Monett-based Jack Henry & Associates Inc. (Nasdaq: JKHY) ended its fiscal 2012 with net income of $155 million, a 12.7 percent increase compared to profits of $137.5 million in the prior fiscal year.
The year was aided by fourth-quarter earnings of $43.3 million, an 18.5 percent increase compared to the same quarter of fiscal 2011. Earnings per diluted share were 50 cents during the quarter, an 8-cent uptick, according to an Aug. 14 company news release.
During fiscal 2012, the company recorded revenue of $1.03 billion, up from $966.9 million in fiscal 2011.
"This marks the first time we have closed a fiscal year with more than $1 billion in total revenue and company market capitalization of more than $3 billion," Jack Henry CEO Jack Prim said in the release.
Fiscal 2012 financial notes:
- Nearly 90 percent of the company's total fiscal 2012 total revenue consisted of support and services revenue. "Within this line, we continued to see strong growth in all of our electronic payment offerings with 15 percent growth in revenue for the quarter and 12 percent for the entire year compared to the same periods last year," Jack Henry President Tony Wormington said in the release.
- Cost of sales increased 6 percent to $603.4 million for the year, resulting in gross profit of $423.7 million.
- Cash and cash equivalents totaled $157.3 million at the end of the fiscal year, compared to $63.1 million as of June 30, 2011.
Jack Henry constructs integrated computer systems and processes ATM and debit card transactions for bank and credit unions, with more than 11,900 customers nationwide. As of June 30, the company's assets were $1.6 billion.
The company's shares were trading at $36.95 as of 10:06 a.m., compared to a 52-week range of $25.81 to $38.07.[[In-content Ad]]
