UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 3, 2002
JACK HENRY & ASSOCIATES, INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-14112 43-1128385
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
663 Highway 60, P.O. Box 807, Monett, MO 65708
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(Address of principal executive offices)(zip code)
Registrant's telephone number, including area code: (417) 235-6652
Item 5. Other Events.
On October 3, 2002, Jack Henry & Associates, Inc. ("Jack Henry") issued
a press release (a copy of which is attached to this report) announcing
anticipated earnings and revenues for its first fiscal quarter of 2003 ended
September 30, 2002.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated October 3, 2002.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 3, 2002
JACK HENRY & ASSOCIATES, INC.
(Registrant)
By: /s/ Kevin D. Williams
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Kevin D. Williams
Chief Financial Officer
Exhibit 99.1
Company: Jack Henry & Associates, Inc. Analyst Contact: Kevin D. Williams
663 Highway 60, P.O. Box 807 Chief Financial Officer
Monett, MO 65708 (417) 235-6652
IR Contact: Becky Pendleton Reid
The Cereghino Group.
(206) 762-0993
For Immediate Release
JACK HENRY & ASSOCIATES PREVIEWS FISCAL 1Q03 PROFITS
Monett, MO -- October 3, 2002 -- Jack Henry & Associates, Inc. (Nasdaq:
JKHY) today reported profits for the first quarter of fiscal 2003, which
ended September 30, 2002, will fall short of the current street estimates of
$0.16 to $0.17 by three to four cents per share.
"Based on our preliminary analysis of first quarter results, we anticipate
revenues will be approximately $95 million, and earnings will be
approximately $0.12 to $0.13 per share," said Michael E. Henry, Chairman and
CEO. "The strength in our service bureau and continuing strong demand for
credit union and complementary products have helped offset the impact of the
current recession on new in-house banking software and hardware sales. In
spite of the downturn in the capital goods market, we remain profitable and
continue to generate free cash flow with no debt on our balance sheet.
These strengths, coupled with the dedication of our employees, carried us
through the difficult markets preceding the millennium and are continuing to
provide a stable base for our business in the current market environment."
In the first quarter of fiscal 2002, revenues were $92.6 million, net income
was $14.6 million, and EPS totaled $0.16 per diluted share. For the full
fiscal year, ended June 30, 2002, the company reported its thirteenth
consecutive record year with total revenues of $396.7 million and net income
of $57.1 million, or $0.62 per diluted share.
"Because our quarterly results are at the very preliminary stage, we are
unable to add further information in a conference call, and thus will not
host an analyst briefing until first quarter results are released," said
Kevin D. Williams, CFO. "We expect to issue a mid-week release and host our
regular quarterly conference call the week of October 20th."
Jack Henry & Associates, Inc. provides integrated computer systems and
processes ATM and debit card transactions for banks and credit unions. Jack
Henry markets and supports its systems throughout the United States and has
over 2,800 customers nationwide. For additional information on Jack Henry,
visit the company's web site at www.jackhenry.com.
Statements made in this news release that are not historical facts are
forward-looking information. Actual results may differ materially from
those projected in any forward-looking information. Specifically, there are
a number of factors that could cause actual results to differ materially
from those anticipated by any forward-looking information. Additional
information on these and other factors which could affect the Company's
financial results are included in its Securities and Exchange Commission
(SEC) filings on Form 10-K. Potential investors should review these
statements. Finally, there may be other factors not mentioned above or
included in the Company's SEC filings that may cause actual results to
differ materially from any forward-looking information.
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