Jack Henry Unfazed by Financial Market Woes in Fiscal Q2
February 18, 2008 Timothy Prickett Morgan
Maybe sometimes it is not so bad to be a midrange company and to serve customers in credit unions and savings and loan banks. Financial application software and System i hardware vendor Jack Henry & Associates has not seen much of an effect in its fiscal second quarter financial results from the global financial services meltdown associated with bad mortgages written in the United States. Jack Henry recently reported its financial results for the second quarter of fiscal 2008, ended December 31, booking $192.2 million in sales, up 15 percent, with gross profits of $84.8 million, up 16 percent. Costs |