Earnings Climb At Jack Henry

Register now

MONETT, Mo. - (04/21/05) -- Credit union outsourcer Jack Henry& Associates said Thursday several corporate acquisitionshelped boost its fiscal third quarter earnings by 19%, to $19.4million, or 21 cents a share. Third quarter revenue advanced 12% to$134.4 million. For the first three quarters of its fiscal yearJack Henry reported a 16% rise in revenues to $394.4 million, and a20% increase in net income to $53.8 million, or 58 cents a share.Over the past year Jack Henry has gone on an acquisition binge,with deals for TWS Systems; the SERsynergy division of SERSolutions; Optinfo; Verinex Technologies; Select PaymentProcessing; and Banc Insurance Services.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER