Jack Henry & Associates Fiscal Year Ends With 13 Percent Increase In Net Income

Aug 16 - Jack Henry & Associates Inc. (NASDAQ: JKHY), a provider of technology solutions and payment processing services primarily for the financial services industry, has announced fiscal 2012 results. Total revenue increased 6 percent compared to the prior fiscal year to $1,027.1 million and gross profit also increased 6 percent to $423.7 million. Net income rose 13 percent compared to the prior fiscal year to $155 million.

For the quarter ended June 30, 2012, the company generated total revenue of $266.6 million compared to $249.3 million in the same quarter a year ago. Gross profit increased to $108.5 million from $104.2 million in the fourth quarter of last fiscal year. Net income in the current quarter was $43.3 million, or 50 cents per diluted share, compared to $36.6 million, or 42 cents per diluted share in the same quarter a year ago.

In fiscal 2012, total revenue was $1,027.1 million compared to $966.9 million in fiscal 2011. Gross profit increased to $423.7 million compared to $399.3 million during last fiscal year. Net income for the current year was $155.0 million, or $1.78 per diluted share, compared to $137.5 million, or $1.59 per diluted share for the prior year.

According to Jack Prim, CEO, "We are very pleased to announce record revenue, earnings and backlog of business for the fourth quarter and full fiscal year. This also marks the first time we have closed a fiscal year with over $1 billion in total revenue and company market capitalization of over $3 billion.  We look forward to continued steady progress in fiscal 2013."