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Actionable news in JKHY: Jack Henry & Associates, Inc.,

Jack Henry &: Press Release Dated November 4, 2015 Exhibit

The following excerpt is from the company's SEC filing.

JKHY First Quarter Fiscal 2016 Net Income Increases 11%

Jack Henry & Associates, Inc.

Analyst & IR Contact:

Kevin D. Williams

663 Highway 60, P.O. Box 807

Chief Financial Officer

Monett, MO 65708

(417) 235-6652

FOR IMMEDIATE RELEASE

JACK HENRY & ASSOCIATES FIRST QUARTER FISCAL 2016 ENDS WITH

11% INCREASE IN NET INCOME

Monett, MO,

November 4, 2015

- Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial ser vices industry, today announced

quarter fiscal

results. Total revenue increased

compared to the prior fiscal year to

$321.6 million

and gross profit increased

$138.0 million

. Net income rose

$51.4 million

For the quarter ended

September 30, 2015

, the company generated total revenue of

$301.5 million

in the same quarter a year ago. Gross profit increased to

$126.6 million

quarter of last fiscal year. Net income in the current quarter was

per diluted share, compared to

$46.1 million

per diluted share in the same quarter a year ago.

According to Jack Prim, CEO, “We are pleased to announce another quarter of record revenue and earnings and strong organic revenue growth. On the heels of two successful fall user conferences for JHA Banking and Symitar, we are encouraged about the rest of the year."

Operating Results

License revenue for the

quarter increased to

$1.6 million

$0.5 million

quarter a year ago and was less than 1% of revenue in both periods. Support and service revenue grew in the quarter compared to the prior year, increasing

$307.7 million

of total revenue in the

quarter of fiscal

$288.2 million

of total revenue for the same period a year ago. Hardware sales in the

decreased

$12.3 million

of total revenue, from

$12.8 million

of total revenue, in the

Cost of sales for the

$183.7 million

$174.9 million

quarter this fiscal year from

last year. Gross margin was

in the same quarter last year.

Gross margin on license revenue for the

for the same quarter of fiscal

. Support and service gross margin was

, matching the

. Hardware gross margins increased for the

quarter to

for the same quarter last year.

Operating expenses increased

compared to the same quarter a year ago primarily due to increased headcount and related salaries. Selling and marketing expenses stayed at

of total revenue in the current year

quarter, totaling

$21.8 million

$21.7 million

in the prior year

quarter. Research and development expenses increased

$18.6 million

$16.8 million

of total revenue, for the

quarter in fiscal

. General and administrative costs increased

$17.1 million

$16.5 million

Operating income increased

$80.5 million

quarter...


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