Jack Henry & Associates net income up 13% YoY

Jack Henry & Associates, Inc. (NASDAQ: JKHY) said its fiscal 2015 total revenue increased seen percent compared to the prior fiscal year to USD1,256.2 million and gross profit increased 9 percent to USD535.9 million.

Net income rose 13 percent compared to the prior fiscal year to USD211.2 million.

For the quarter ended June 30, 2015, the company generated total revenue of USD333.7 million compared to USD315.2 million in the same quarter a year ago. Gross profit increased to USD146.4 million from USD136.1 million in the fourth quarter of last fiscal year. Net income in the current quarter was USD60.5 million, or USD0.75 per diluted share, compared to USD52.5 million, or USD0.62 per diluted share in the same quarter a year ago.

In fiscal 2015, total revenue of USD1,256.2 million was generated compared to USD1,173.2 million in fiscal 2014. Gross profit increased to USD535.9 million compared to USD493.8 million during last fiscal year. Net income for the current year was USD211.2 million, or USD2.59 per diluted share, compared to USD186.7 million, or USD2.19 per diluted share for the prior year.

Jack Henry & Associates is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve almost 10,900 customers nationwide, and are marketed and supported through three primary brands.