YOUR BUSINESS AUTHORITY
Springfield, MO
Monett-based financial software firm Jack Henry & Associates Inc. (Nasdaq: JKHY) reported a dip in profits during its fiscal third quarter.
Net income was $81.5 million, a 4% decrease from $84.7 million a year earlier, according to a news release. Diluted share earnings dropped to $1.12 from $1.16 per share year over year.
"Despite the disruptions in the banking industry, we continue to experience great demand for Jack Henry financial technology solutions," Jack Henry board Chair and CEO David Foss said in the release.
Quarterly revenue rose 6% to $508.6 million from $478.3 million a year earlier. Company officials say factors leading to the decrease in net income included a higher cost of revenue and added research and development expenses.
As of March 31, Jack Henry's assets were $2.6 billion, according to the release. The company has roughly 7,700 financial industry clients.
JKHY shares were trading at $154.02 as of 9:01 a.m., compared with a 52-week range of $139.28 to $212.62 per share.
The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.
Chick N Max plans Springfield debut
Developer seeks approval of C-Street project, including Missouri Hotel renovation
Executive director hired at The Victim Center
Biblical history attraction planned at former Andy Williams theater
Photo Gallery: New Fire in the Hole debuts at Silver Dollar City