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Jack Henry reports $95.7 million in profits during its latest quarter.
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Jack Henry reports $95.7 million in profits during its latest quarter.

Jack Henry's quarterly earnings rise 33%

Posted online

Jack Henry & Associates Inc. (Nasdaq: JKHY) reported a 33% quarterly net income increase as revenue hit a record.

For its fiscal second quarter that ended Dec. 31, profits were $95.7 million, or $1.30 per diluted share, up from $72 million, or 94 cents per diluted share, a year earlier, according to a news release.

“We are very pleased to report another quarter of record revenue and an overall strong performance for the second quarter of our fiscal year," said David Foss, CEO and board chair of the Monett-based financial software firm, in the release. "Not only did we experience record revenue in the quarter, but our sales teams booked more business this quarter than any quarter in the history of the company.”

Revenue during the fiscal second quarter rose 17% to $493.9 million from $422.4 million a year earlier.

As of Dec. 31, Jack Henry's assets were $2.3 billion, according to the release. The company has roughly 8,000 financial industry clients.

JKHY shares were trading at $170.61 as of 9:25 a.m., compared with a 52-week range of $143.61 to $179.98.

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