Jack Henry Sees Steady Improvement In Fiscal Q3
June 4, 2012 Timothy Prickett Morgan
Banking software and services provider Jack Henry says that as far as it can tell, the economy continues to mend among the small and midrange banks that are its dominant customers. Many of Jack Henry’s customers are users of Power Systems running the IBM i operating system, so that is good news. In the third quarter of fiscal 2012 ended in March (why do companies unnecessarily have fiscal years that don’t match calendar years?), the company’s software licensing revenues were up 15 percent, to just a hair over $15 million. Hardware sales, which have been on a downward trend for |