Economic Meltdown Puts Pressure on Jack Henry
May 11, 2009 Timothy Prickett Morgan
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One of the bellwethers of the financial services industry as well as the IBM midrange is Jack Henry and Associates. And as you might expect, the company’s third quarter of fiscal 2009 was not a particularly good one. But JHA did no worse than a lot of other software companies, and compared to some, it has managed to do better considering the downturn in the global economy in general and in the banking sector in particular. For the quarter ended March 31, JHA reported license sales declined by 31 percent to $12.7 million, and hardware sales (which includes Power |


