Fintech firm Jack Henry's quarterly profit rises over 6%

Jack Henry & Associates

04/02/2025 22:01

Feb 4 (Reuters) - Jack Henry & Associates  JKHY.O 
posted a 6.4% rise in second-quarter profit on Tuesday, as
demand for its financial technology services remained robust.
    The company offers technology and payment processing
services mainly to small- and mid-size financial institutions.
Helping firms such as banks and financial institutions
accelerate their digital modernization initiatives.
    Technology is crucial for such firms to meet customer
demands for a seamless digital banking experience and to compete
effectively with fintech companies.
    Jack Henry's services and support revenue increased by 3.5%
to $323 million in the quarter ended Dec. 31, while its
processing revenue grew by 7.3% to $250.8 million.
    The company's profit rose to $97.8 million, or $1.34 per
share, in the quarter, compared with $91.9 million, or $1.26 per
share, during the same period last year.

 (Reporting by Jaiveer Singh Shekhawat in Bengalurul Editing by
Maju Samuel)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))