Jack Henry Profit Climbs on Processing Revenues

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+
Partner Insights

Jack Henry & Associates made $47.7 million in its fiscal fourth quarter ended June 30, 9% more than a year earlier, as revenues grew in the vendor's transaction processing business.

Earnings per share of 55 cents beat the average estimate of analysts by about four cents.

The Monett, Mo., provider of core banking technology said its revenues grew nearly 12% to $298.1 million. Revenues from the payment services business which processes ATM, debit and credit transactions grew 16% to $15 million.

"A year ago for the first time we closed the fiscal year with over $1 billion in total revenue and company market capitalization of over $3 billion," said Jack Henry's chief executive, Jack Prim, in a press release issued Tuesday after the market closed. "This year we followed that performance with double digit organic revenue growth and market cap of over $4 billion. We delivered a balanced performance that benefitted our shareholders, customers and employees."

For the full fiscal year, Jack Henry's net income rose 14% to $176.6 million.

JOIN THE DISCUSSION

SEE MORE IN

'I Want a Tom O'Brien Action Figure Doll': Comments of the Week

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

(Image: Bloomberg News)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.