Slowdown Hurts Jack Henry
Jack Henry & Associates, the provider of processing and ATM services to more than 1,000 credit
Still, fourth quarter revenues braved a 34% slide in license and hardware sales to rise 3% to $109.2 million.
For the year Jack Henry reported a 2% rise in revenues to $404.6 million, but a 16% decline in net earnings to $49.4
Operating expenses for the year increased 9%, with a majority due to a 27% rise in research and development costs.