YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Revenue for the quarter ended March 31 was $168.9 million, compared to $145.5 million a year earlier.
Net income was $26.4 million, or 29 cents per diluted share – a 12 percent increase over $23.5 million, or 25 cents per share, last year.
The financial data-processing technology provider also reported a 13 percent increase in gross profit, which was $71.7 million, compared to $63.7 million a year before.
“While license fees were below expected levels, increases in support and service revenue more than offset any shortfall,” CEO Jack Prim said in a news release. “Our business continues to be less dependent on license fees to drive revenue growth, while still providing upside opportunities when larger license transactions do occur in a particular quarter.”
Shares of Jack Henry (Nasdaq: JKHY) closed Tuesday at $24.09, compared to a 52-week range of $17.40 to $24.93.
This story originally appeared in SBJ’s May 9 free e-news Daily Update. Click here to register.[[In-content Ad]]
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