Jack Henry & Associates, Inc. (NASDAQ: JKHY) said it second quarter fiscal 2014 results showed a nine percent increase in revenue, an increase of nine percent in gross profit and a 33 percent increase in net income over the second quarter of fiscal 2013.
For the quarter ended December 31, 2013, the company generated total revenue of USD302.5m compared to USD278.7m in the same quarter a year ago. Gross profit increased to USD132.8m from USD122.2m in the second quarter of last fiscal year. Net income in the current quarter was USD54.0m, or USD0.63 per diluted share, compared to USD40.5m, or USD0.47 per diluted share in the same quarter a year ago.
Jack Henry & Associates is a provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Its website is at www.jackhenry.com.