Jack Henry net income rises 10%

The financial-technology provider reported quarterly revenue of $150.6 million, compared to $137 million the same quarter a year ago.

Net income was $21.4 million, or 23 cents per share, representing a 10 percent increase from $19.4 million, or 21 cents per share, a year ago.

Gross profit saw improvement as well, increasing 12 percent to $63.3 million from $56.6 million in first-quarter fiscal 2006.

Jack Henry also has announced a regular quarterly cash dividend of 55 cents per share on common stock. The dividend is payable Dec. 5 to stockholders of record as of Nov. 16.

Shares of Jack Henry (Nasdaq: JKHY) closed Nov. 1 at $21.17, compared to a 52-week range of $17.40 to $23.77.

This story originally appeared in SBJ’s Oct. 31 free e-news Daily Update. Click here to register.