Jack Henry reports flat quarterly results

Jack Henry & Associates Inc. (Nasdaq: JKHY) reported fiscal second quarter net income and revenue that was roughly flat from the same period a year earlier.

The Monett-based financial software firm posted earnings of $72 million, or 94 cents per diluted share, on revenue of $422.4 million, according to a news release.

"We continue to see very strong demand for Jack Henry technology solutions in the markets we serve," President and CEO David Foss said in the release. "Despite the ongoing impacts of the pandemic, our sales teams had a strong quarter and the sales pipeline is now very robust, which bodes well for the remainder of our sales year."

The majority of the company's employees are continuing to work from home until at least July amid the ongoing pandemic, according to the release. Business travel company officials deem nonessential also has been suspended until that time.

Jack Henry's assets were $2.3 billion as of Dec. 31. The company has roughly 8,500 clients nationwide.

JKHY shares were trading at $150.26 as of 10:34 a.m., compared with a 52-week range of $123.64 to $200.98 per share.