Jack Henry & Associates’ fiscal 2nd-quarter profit rises, helped by acquisitions in services

Jack Henry fiscal 2Q profit grows on acquisitions

SEATTLE — Jack Henry & Associates Inc., a data processing equipment and services provider for financial firms, said late Tuesday its fiscal second-quarter earnings rose 7 percent, helped by revenue from recently acquired companies.

Jack Henry’s net income for the three months ended Dec. 31 rose to $30 million, or 35 cents per share, from $28 million, or 33 cents per share, in the same period the previous year.

Analysts predicted income of 33 cents per share, according to a Thomson Reuters poll.

Revenue improved 11 percent to $210.9 million from $190.2 million. Analysts forecast revenue of $214 million.

Jack Henry’s recent acquisitions of Goldleaf Financial Solutions Inc. and Pemco Technology Services Inc. helped boost revenue in its largest business, support and services, 19 percent to $184.1 million in the quarter.

The acquisitions also resulted in operating expenses of $41.7 million, 17 percent higher than a year before.

Jack Henry is based in Moffett, Mo. Its shares slipped 33 cents to $22.43 in Wednesday afternoon trading.