Jack Henry posts higher quarterly profits, revenue

Jack Henry & Associates Inc. (Nasdaq: JKHY) posted higher profits and revenue during its fiscal third quarter that ended March 31.

The Monett-based financial software company reported in a news release yesterday that net income for the quarter rose 6.8% to $87.1 million from $81.5 million a year earlier. Diluted share earnings moved up to $1.19 from $1.12 per share.

Revenue during the quarter came to $538.6 million, a 5.9% increase from $508.6 million a year earlier.

"We are very pleased to report another quarter of strong revenue growth and overall financial performance. Our sales teams produced a record third quarter for sales bookings, and our sales pipeline remains near its all-time high," said David Foss, board chair and CEO, in the release. "We continue to execute on our strategy to provide modern technology to help community and regional financial institutions strengthen connections with the people and businesses they serve."

At the end of the fiscal third quarter, Jack Henry's assets were $2.8 billion. The company has roughly 7,500 clients in the financial industry.

JKHY shares were trading at $168.50 as of 9:28 a.m., compared with a 52-week range of $136.57 to $178.37 per share.