Jack Henry reports 2Q net income up 5%

The company announced its results Feb. 6 for the quarter ended Dec. 31.

Net income was $29.2 million, or 32 cents per share, up from $27.8 million, or 30 cents per share, a year ago. Revenue was $192.2 million, up 15 percent from $167.2 million in second-quarter 2007.

Gross profit increased 16 percent to $154.3 million.

CEO Jack Prim in a news release pointed to revenue growth in the banking and credit union segments – up 14 percent and 18 percent, respectively – and level banking gross margins and increased credit union gross margins.

Backlog increased 7 percent from a year ago and, as of Dec. 31, totaled $240.2 million.

The Monett-based company provides integrated computer systems and processes debit card transactions for financial institutions. Shares (Nasdaq: JKHY) closed Monday at $24.83, compared to a 52-week range of $22.22 to $29.24.