Jack Henry net income increases 7 cents per share

For the quarter ended Dec. 31, the financial technology provider’s net income was $27.8 million, or 30 cents per share, compared to $21.6 million, or 23 cents per share, a year before.

Revenue for the quarter was $167.2 million, up from $147.4 million the previous year. Gross profit increased to $73 million from $65.5 million last year.

For the first six months of fiscal 2007, Jack Henry’s revenue increased 12 percent to $317.9 million. Net income increased 20 percent to $49.2 million, or 53 cents per share, while gross profit increased 12 percent to $136.3 million.

Officials say overall increases can be attributed to the more than 350 bank clients who have contracted for Jack Henry’s Remote Deposit Capture, which allows banks’ commercial customers to make paper-check deposits from their offices.

Also during the second quarter was Jack Henry’s November acquisition of Atlanta-based US Banking Alliance for its financial software and advisory services. US Banking Alliance has since reached 400 clients.

On Monday, Jack Henry declared a 6.5-cent-per-share dividend, up 18 percent from its previous dividend. It is payable March 8 to stockholders of record on Feb. 20.

Shares of Jack Henry (Nasdaq: JKHY) closed Wednesday at $22.54, compared to a 52-week range of $17.40 to $23.77.