Jack Henry & Associates' Profit Surges 21%, Raises Fiscal Outlook

Jack Henry & Associates, a technology and payment processing firm, reported a 21% increase in first-quarter profit, driven by robust demand for its banking technology services. Net income for the quarter ending September 30 reached $144 million, or $1.97 per share, compared to $119.2 million, or $1.63 per share, in the same period last year. Total revenue increased 7.3% to $644.7 million. Based on these strong results, Jack Henry has raised its fiscal year revenue outlook to between $2.49 billion and $2.51 billion. The company also increased its annual profit per share guidance to a range of $6.38 to $6.49.