Jack Henry ends fiscal year ahead in profits, revenue

Jack Henry & Associates Inc. (Nasdaq: JKHY) reported improved profits and revenue at the conclusion of its fiscal year.

During fiscal 2022, which ended June 30, the Monett-based financial software firm reported a 17% increase in net income to $362.9 million, up from $311.5 million in fiscal 2021, according to a news release. Diluted share earnings grew to $4.94 from $4.12 per share.

Revenue during the latest fiscal year was up 11% to $1.9 billion.

"As we begin the new fiscal year, our sales pipeline remains strong, and we see significant opportunities to continue growing our company," said David Foss, CEO and board chair, in the release. "As a well-rounded financial technology provider, we remain optimistic about the strength of our innovative technology solutions around digital, lending, payments, core solutions and open banking, as well as our ability to deliver outstanding service in a market that is widely expected to continue to increase technology and digital investments in the future."

As of June 30, Jack Henry's assets were $2.5 billion. The company has nearly 8,000 clients nationwide.

JKHY stock was trading at $199.31 as of 10:04 a.m., compared with a 52-week range of $147.50 to $212.62. The 52-week high was set Aug. 10.