YOUR BUSINESS AUTHORITY
Springfield, MO
To start fiscal 2020, Jack Henry & Associates Inc. (Nasdaq: JKHY) reported first quarter net income of $89.4 million, a 7% increase from $83.6 million a year earlier.
For the three months ended Sept. 30, the Monett-based financial industry software firm’s diluted share earnings were $1.16. That’s 8 cents above the prior year quarter, according to a news release.
"We are very pleased to report another record quarter of revenue, operating income and net income,” Jack Henry President and CEO David Foss said in the release. “Our sales teams again had a very strong quarter and demand for Jack Henry technology solutions continues to be high.”
First quarter financial notes for Jack Henry:
• Revenue climbed 12% to $438 million.
• Operating income grew 14% to $118 million.
• Provision for income taxes was $29.2 million, a 47% increase.
As of Sept. 30, Jack Henry’s assets were $2.2 billion. The company has more than 9,000 financial institution clients, according to the release.
JKHY shares hit a new 52-week high of $151.66 this morning. The 52-week low is $120.20.
Utah-based gourmet cookie chain Crumbl Cookies opened its first Springfield shop; interior design business Branson Upstaging LLC relocated; and Lauren Ashley Dance Center LLC added a second location.
Updated: Systematic Savings Bank to be acquired in $14M deal
Warby Parker store planned in Springfield
Former CoxHealth colleagues starting communications firm
Former Wentzville superintendent to get $1M in contract buyout
STL construction firm buys KC company
NPR editor resigns after writing piece critical of organization