Jack Henry wraps fiscal year with earnings boost

Jack Henry & Associates Inc. (Nasdaq: JKHY) ended its fiscal year with a boost in earnings and revenue.

The Monett-based financial software firm reported a 5% increase in fiscal 2021 earnings to $311.5 million, or $4.12 per diluted share, compared with $296.7 million, or $3.86 per diluted share a year earlier, according to a news release. Revenue during the fiscal year was up 4% to $1.8 billion.

"As we begin the new fiscal year, our sales pipeline remains strong, and we see significant opportunities to continue growing new and existing customer relationships through the successful execution of Jack Henry's client strategies in digital, lending, payments and open banking," President and CEO David Foss said in the release. "We are optimistic about the strength of our technology solutions and the ability of our teams to deliver outstanding service in a market that is widely expected to increase technology and digital investments in a recovering economy."

In the company's fiscal fourth quarter, net income was up 25% to $76.9 million on revenue of $450.3 million, a 10% increase.

As of June 30, Jack Henry's assets were $2.3 billion, according to the release. The company has roughly 8,400 clients nationwide.

JKHY shares were trading at $171.57 as of 9:22 a.m., compared with a 52-week range of $141.65 to $185.74 per share.