Jack Henry reports $11.7M increase in revenue

The company announced Wednesday its results for the second-quarter of fiscal year 2006.

Revenue for the quarter, ended Dec. 31, was $147.7 million, compared to $136 million for second-quarter 2005. Gross profit was up by 20 percent from $54.7 million last year to $65.5 million, and net income increased 22 percent to $21.6 million, or 23 cents per share.

Year-to-date revenue for 2006 was $284.4 million, up from $260.1 million reported in the first half of 2005.

Also for the first six months, gross profit increased to $122 million from $105.3 million last year, and net income added $6.7 million to 2005 figures for a total of $41.1 million.

License revenue for the quarter fell to $20.8 million, a $1.4 million drop from the same quarter last year. Hardware sales also decreased $6 million from the second quarter of 2005, while support and service revenue increased by $18.8 million.

Jack Henry is a provider of integrated technology solutions and performs data processing for financial institutions. Shares of the company's stock (Nasdaq: JKHY) closed Feb. 1 at $20.42, compared to a 52-week range of $15.35 to $21.08.

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