Jack Henry’s Profits Hit by Hardware Sales Slump
May 19, 2008 Timothy Prickett Morgan
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As one of the few relatively large and public companies that sells lots of hardware, software, and services into OS/400 and i5/OS shops, Jack Henry & Associates is something of a bellwhether for the i ecosystem, even if it is doing business exclusively in the financial services sector. In the fiscal third quarter of 2008, Jack Henry was able to boost sales quite a bit considering the adversity right now in the financial sector, but profits came under pressure. In the third quarter ended March 31, Jack Henry’s total revenues rose by 11 percent to $187.9 million, but gross profits |
