MONETT, Mo. – Jack Henry & Associates reported slightly higher earnings for its fiscal third quarter – $26.6 million, or 30 cents a share, up 1% for the same period last year.
For the first three quarters earnings were up 5%, to $79.3 million.
Revenue for the third quarter rose 11%, and for the first nine months by a strong 14%.
“Our results for the quarter showed continued steady gains in revenue, particularly in support services,” CEO Jack Prim said in a prepared statement. “License and hardware continue to be a challenge to predict and this will most likely continue to be the case. However, as recurring revenue continues to increase as a percentage of the total revenue, having reached 71% for the quarter and 69% year to date, this should help to alleviate this challenge in the future.”
