Jack Henry Reports Mediocre Earnings; Shares Bid Lower (JKHY)

Jack Henry & Associates Inc. JKHY reports Q4 EPS of $0.35 versus estimates of $0.35. Jack Henry & Associates Inc. reports Q4 revenues of $227.8 million versus estimates of $220.78 million. Revenues increased 12% year over year. According to Jack Prim, CEO, "This year saw us complete three acquisitions, any one of which on its own would have represented one of the largest acquisitions in the company's history. The integration of these companies could hardly have gone better, and is substantially complete, including the most recent acquisition of iPay less than 90 days ago. These acquisitions contributed significantly to our electronic payments revenues which had total revenue of over $200 million in the fiscal year, and to our recurring revenue which is now 78% of the total revenue. We welcome the over 600 employees of these companies and the thousands of customers they serve to the JHA family." Shares of JKHY are lower in the after-hours by 2.94%.