MONETT, Mo. Jack Henry & Associates on Tuesday reported a 5% increase in second quarter net income to $40.5 million, fueled by a 9% rise in revenue for the period, despite costs related to flooding from Hurricane Sandy.
Second quarter revenue was $278.7 million, up from $255.9 million for the second quarter last year.
The company’s second quarter results would have been much stronger were it not for widespread flooding at the company’s Lyndhurst, N.J., facility due to Hurricane Sandy, for which the company recorded a $13.6 million expense.
For the first six months of the fiscal year Jack Henry reported a 9% rise in revenue to $549.7 million, and an 11% increase in net income to $83 million.