Jack Henry Posts Increased Revenue and Profits, Remains “Cautiously Optimistic”

by Mercator Advisory Group 0

JackHenry & Associates, Inc.

reported a12% increase in revenue for the year ended 6/30/2010, to


Software license revenue fell slightly, butwas more than offset by a 17% increase in recurring support and servicerevenue, which now includes over $200 million in electronic payments


Weare entering our fiscal 2011 with a strong balance sheet, growing recurringrevenue, an extremely focused strategy, and a cautiously optimistic outlook forthe new fiscal year. We will continue to focus both on growth oriented businessopportunities as well as continuing to maintain cost control initiatives,”said Tony Wormington, President.

According to JackPrim, CEO, “This year saw us complete three acquisitions, any oneof which on its own would have represented one of the largest acquisitions inthe company’s history. The integration of these companies could hardly havegone better, and is substantially complete, including the most recentacquisition of iPay less than 90 days ago.

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