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Jack Henry's net income was $92 million during its fiscal second quarter.
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Jack Henry's net income was $92 million during its fiscal second quarter.

Jack Henry's quarterly profits rise by nearly 14%

Posted online

Jack Henry & Associates Inc. (Nasdaq: JKHY) reported higher profits and revenue during its fiscal second quarter.

The Monett-based financial software company's net income was roughly $92 million, or $1.26 per diluted share, for the three-month period that ended Dec. 31, according to a news release. That's up 13.9% from $80.8 million, or $1.10 per diluted share, a year earlier.

Revenue during the fiscal second quarter came to $545.7 million, an 8% increase from $505.3 million a year earlier.

"We had a record second quarter for sales bookings and replenished our robust sales pipeline," board chair and CEO David Foss said in the release. "We continue to see strong interest in our broad array of innovative solutions.”

As of Dec. 31, Jack Henry's assets were $2.8 billion. The company has around 7,500 financial industry clients.

JKHY shares were trading at $167.98 as of 9:56 a.m., compared with a 52-week range of $136.57 to $174.64 per share.


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