MONETT, Mo. – Jack Henry & Associates reported a 17% rise in its fiscal first quarter earnings yesterday to $26.3 million, even while revenues declined slightly.
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The main reason was that expenses fell 2% to $107.9 million for the first quarter.
Revenues declined less than 1% to $182.3 million for the period, compared to the first quarter last year.
First quarter highlights included the acquisition of Goldleaf Financial Solutions. Jack Henry also announced last week it has agreed to acquire PEMCO Technologies, a provider of electronic funds transfer services to credit unions.
