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  • Profits Grow Faster Than Sales At Jack Henry In Fiscal Q1

    November 14, 2011 Timothy Prickett Morgan

    Jack Henry & Associates, a software and services provider for the financial sector that has a decently sized IBM i business, has turned in another good quarter of sales.

    In the quarter ended in September, which was Jack Henry’s first quarter of fiscal 2012, hardware sales, which includes Power Systems running IBM i as well as other platforms, rose by 7 percent to $15.8 million. Software license sales skyrocketed 30 percent to $12.3 million, and support and services revenues were up a more modest 5 percent but weighed in at $220.3 million. (Within the support and services segment, Jack Henry’s electronic payment services, which includes ATM, debit, and credit card processing on behalf of clients, grew by 12 percent.) All told, Jack Henry had $248.3 million in sales, up 6 percent. Net income for the quarter was up 15 percent to $36.5 million.

    “We started out our fiscal 2012 with record first quarter revenue, gross profit, and net income compared to any prior first quarter period in our history,” said Tony Wormington, Jack Henry’s president, in a statement accompanying the financial figures. “There were nice contributions from all three lines of reported revenue.”

    Jack Henry ended the quarter with $108 million in cash, and it is reasonable to expect that the company will use at least some of this war chest to make strategic acquisitions.

    RELATED STORIES

    Jack Henry ATM Deposit Solution Integrated with Core Banking Systems

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Volume 20, Number 39 -- November 14, 2011
THIS ISSUE SPONSORED BY:

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Table of Contents

  • A Radical Idea For IBM i Software Pricing
  • Soltis: We Could Learn From Japan
  • The Dreamy And Flashy Power 720 P05 Machine
  • As I See It: Finding Balance In The Living Years
  • Get Thee To The i Cloud, IBM’s Kugler Says
  • Reader Feedback On Fun With IBM i Software Pricing
  • Help Fund the Al Barsa Memorial Scholarship
  • Profits Grow Faster Than Sales At Jack Henry In Fiscal Q1
  • John Opel, Former IBM CEO, 1925-2011
  • ASNA Readies Wings Update For Next ‘palooza

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