Jack Henry & Associates, Inc. (JKHY) announced a notable increase in its fourth-quarter profits compared to the same period last year, surpassing analysts' expectations.
The company's net income for the quarter reached $101.1 million, translating to $1.38 per share. This is an improvement from the previous year's fourth-quarter figures of $97.8 million, or $1.34 per share.
According to data compiled by Thomson Reuters, analysts had anticipated earnings of $1.32 per share on average, excluding special items typically not considered in these estimates.
Revenue for the quarter also saw an uptick, rising by 4.7% to $559.912 million from last year's $534.634 million.
At a glance, Jack Henry & Associates, Inc. (GAAP) earnings for Q4 are as follows:
- Net Income: $101.1 million, up from $97.8 million the previous year
- Earnings Per Share (EPS): $1.38, compared to $1.34 last year
- Revenue: $559.912 million, an increase from $534.634 million the prior year
