Jack Henry reports FY07 earnings increase

The banking technology and data-processing provider after market close Tuesday announced total revenue for fiscal year 2007 was $668.1 million, up 13 percent from $592.2 million in 2006.

Gross profit was $286.2 million, up 12 percent from $256.4 million. Net income for the year was $104.7 million, or $1.14 per diluted share, up 19 percent from $89.9 million, or 96 cents per diluted share last year.

“Our revenue growth … was primarily organic,” CEO Jack Prim said in a news release. “While our license revenue was below expectations for the quarter and fiscal year, the increase in support and services and hardware revenue continued to offset any shortfall.”

Total revenue for the fourth quarter was $181.3 million, up 12 percent from $162.3 million in fourth-quarter 2006. Net income was $29.1 million, or 32 cents per diluted share, up 19 percent from $25.4 million, or 27 cents per diluted share, in 2006.

Shares (Nasdaq: JKHY) closed Tuesday at $25.77 and were trading a cent lower as of 9:30 this morning. The stock’s 52-week range is $18.22 to $27.