Date of Report (Date of earliest event reported): February 6, 2008

663 Highway 60, P.O. Box 807, Monett, MO 65708
(Address of principal executive offices) (zip code)

Registrant's telephone number, including area code: (417) 235-6652

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

          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.

Exhibit 99.1

Monett, MO. February 6, 2008 - Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions that performs data processing for financial institutions, today announced second quarter fiscal 2008 results with a 15% increase in revenue, an increase of 16% in gross profit and a 5% increase in net income over the second quarter of fiscal 2007. For the first six months of fiscal 2008 revenue increased 16%, with an increase of 13% in gross profit and an increase of 7% in net income over the same six months in fiscal 2007.

For the quarter ended December 31, 2007, the company generated total revenue of $192.2 million compared to $167.2 million in the same quarter a year ago. Gross profit increased to $84.8 million compared to $73.0 million in the second quarter of last fiscal year. Net income totaled $29.2 million, or $0.32 per diluted share, compared to $27.8 million, or $0.30 per diluted share in the same quarter a year ago.

For the first half of fiscal 2008, total revenue of $367.6 million was generated compared to $317.9 million for the first half of fiscal 2007. Gross profit increased to $154.3 million compared to $136.3 million during the same period last fiscal year. Net income for the first half of fiscal 2008 was $52.7 million, or $0.58 per diluted share, compared to $49.2 million, or $0.53 per diluted share for the same six months in fiscal 2007.

According to Jack Prim, CEO, "We are pleased to announce another strong quarter with new records for revenue and net income. We experienced solid growth in both our banking and credit union segments with bank revenue increasing 14% and credit union revenue increasing 18% for the quarter compared to a year ago. In addition to this strong revenue growth our gross margins remained relatively level in the bank segment at 44% while our gross margins in the credit union segment increased to 45% this year compared to 39% a year ago quarter; reflecting continued strong license fee revenue in this segment."

"Our support and services revenue continues to grow at a very strong pace of 17% for the quarter and 18% year to date compared to the prior year. All components of recurring revenue in support and services, which includes outsourcing, in-house maintenance and ATM/Debit card processing all continued to grow at nice levels," stated Tony Wormington, President. "As our support and services revenue continues to grow and our managers continue to do a good job of cost control, we are able to expand our gross margins through leverage of the existing infrastructure. Our gross margins in support and services improved by one percent for both the quarter and year to date compared to a year ago."

License revenue for the second quarter was $23.3 million, or 12% of total revenue, compared to $21.2 million, or 13% of total revenue, for the same period last year. Support and service revenue increased to $145.3 million, or 76% of total revenue in second quarter of fiscal 2008 from $124.2 million, or 74% of total revenue for the same period a year ago. Hardware sales in the second quarter of fiscal 2008 increased to $23.6 million, or 12% of total revenue, from $21.8 million, or 13% of total revenue in the second quarter of last fiscal year.

For the first half of fiscal 2008, license revenue was $36.8 million, or 10% of total revenue, compared to $36.7 million, or 12% of the total revenue a year ago. Support and service revenue comprised 77% of total revenue, or $283.7 million for the first six months of the current fiscal year compared to $239.8 million, or 75% of total revenue for the first six months of the prior fiscal year. Hardware sales for the first half of fiscal 2008 were $47.0 million compared to $41.3 million for the same period last year. Hardware revenue was 13% of total revenue to date in both fiscal 2007 and fiscal 2006.

Cost of sales for the second quarter increased to $107.4 million for the three months ended December 31, 2007 from $94.3 million for the three months ended December 31, 2006. Second quarter gross profit increased 16% to $84.8 million compared to $73.0 million a year ago. Gross margin was 44% for both quarters.

Cost of sales for the six months ended December 31, 2007 increased 17%, to $213.2 million from $181.6 million for the same period ended December 31, 2006. Gross profit for the first half of fiscal 2008 increased 13% to $154.3 million compared to $136.3 for the first half of fiscal 2006. Gross margin was 42% for the six-month period ended December 31, 2007 compared to 43% for the six-month period ended December 31, 2006.

Gross margin on license revenue for the second quarter was 92% compared to 96% a year ago. For the six months ended December 31, 2007, gross margin on license revenue was 93% compared to 96% for the same period a year ago. The decrease in gross margin on license revenue is attributable to an increase in third party software delivered in the current periods compared to those in the prior year.

Support and service gross margin increased to 39% for the second quarter of fiscal 2008 compared to 38% a year ago. Support and service gross margin also increased to 38% for the first six months of fiscal 2008 compared to 37% for the first six months in fiscal 2007. Hardware gross margins for the second quarter were 31% compared to 27% for the same quarter last year but remained steady at 28% for the first six months of fiscal 2008 and the same period a year ago.

Operating expenses increased 17% for the second quarter of fiscal 2008 compared to the same quarter a year ago primarily due to increased labor costs. Selling and marketing expenses rose 9% in the current year second quarter to $14.1 million from $13.0 million for the second quarter of fiscal 2007; however, they decreased as a percentage of total revenue from 8% a year ago to 7% in the current quarter. Research and development expenses increased 27% to $11.4 million from $9.0 million, while increasing to 6% of total revenue for the second quarter in fiscal 2008 from 5% in the second quarter of fiscal 2007. General and administrative costs increased 18% to $13.5 million or 7% of revenue, in the second quarter of fiscal year 2008, from $11.4 million, also 7% of revenue for the same quarter a year ago.

Operating expenses increased 14% for fiscal 2008 year to date compared to the same period a year ago primarily due to increased labor costs. Selling and marketing expenses rose 12% in the same period to $28.1 million from $24.9 million, while remaining at 8% of total revenue for the second quarters in fiscal 2008 and 2007. Research and development expenses increased 22% to $21.4 million or 6% of revenue for the first half of fiscal 2008 from $17.5 million, also 6% of revenue for the same period a year ago. General and administrative costs increased 9% to $23.3 million from $21.3 million; however, they decreased to 6% of total revenue for the first six months in fiscal 2008 from 7% in fiscal 2007.

Operating income increased 16% to $45.9 million, or 24% of second quarter revenue, compared to $39.6 million, also 24% of revenue in the second quarter of fiscal 2007. Provision for income taxes is 36.8% for the second quarter in fiscal 2008 compared to 30.1% last year due to the renewal of the Research and Experimentation Credit, which was retroactive to January 1, 2006. This resulted in twelve months of tax benefit from the Credit being recognized all within the second quarter of fiscal 2007. Second quarter net income totaled $29.2 million, or $0.32 per diluted share, compared to $27.8 million, or $0.30 per diluted share in the second quarter of fiscal 2007.

"The Tax Relief and Health Care Act of 2006 which was enacted in December 2006 and included the extension of the R&D Tax Credit created a large tax benefit in the second quarter of last fiscal year. The impact a year ago was approximately $.03 per diluted share which should be considered when comparing to this year's performance," stated Kevin Williams, CFO. "Our operating income increased 16% this quarter compared to a year ago, but because of the change in tax rates our provision for income taxes increased 42%, thereby explaining why our net income only increased 5%."

Operating income increased 13% to $81.7 million for the first six months of fiscal 2008 compared to $72.5 million for the same period a year ago. For the current year-to-date period, operating income was 22% of total revenues compared to 23% in the prior year's period. Provision for income taxes is 36.6% year to date fiscal 2008 compared to 33.5% year to date in fiscal 2007 due to the retroactive renewal during last year of the Research and Experimentation Credit. Year to date net income totaled $52.7 million, or $0.58 per diluted share, compared to $49.2 million, or $0.53 per diluted share in the prior year.

For the second quarter of 2008, the bank systems and services segment revenue increased 14% to $160.0 million from $139.9 million in the same quarter a year ago. The bank system and services segment gross margin was 44% for the current quarter compared to 45% a year ago. The credit union systems and services segment revenue increased 18% to $32.2 million with a gross margin of 45% for the second quarter of 2008 from revenue of $27.4 million and a gross margin of 39% in the same period a year ago. The credit union segment gross profit was higher primarily due to an increase in license revenue which has higher margins than other revenue components.

For the six months ended December 31, 2007, the bank systems and services segment revenue increased 15% to $304.5 million from $264.6 million with a gross margin of 42% for the current period compared to 44% a year ago. The credit union systems and services segment revenue increased 18% to $63.0 million for the first half of fiscal 2008, with a gross margin of 43% from revenue of $53.3 million and gross margin of 37% in the same period a year ago.

At December 31, 2007, cash, cash equivalents, and investments increased to $29.1 million from $28.8 million, the balance at December 31, 2006. Trade receivables increased 13%, or $14.8 million, to $128.1 million compared to $113.3 million a year ago. The increase in receivables generally correlates to an increase in revenue during year-to-date fiscal 2008 compared to the prior year. Deferred revenue increased $18.4 million or 14% to $148.2 million at December 31, 2007 compared to $129.8 million a year ago. Stockholders' equity grew 9% to $630.2 million at December 31, 2007, from $578.9 million a year ago.

Cash provided by operations totaled $83.4 million for the current year to date compared to $86.1 million during the first six months of last year. The following table summarizes net cash (in thousands) from operating activities:

Net cash used in investing activities for the current year was $79.7 million and included capital expenditures of $21.1 million, payment for acquisition activities of $49.0 million, and capitalized software development of $11.7 million. Cash used for investing activities in the first half of fiscal 2008 was offset by $2.1 million net proceeds from the sale of equipment and investments. In the first half of fiscal 2007, net cash used in investing activities of $60.5 million and consisted mainly of $36.0 million for payment of acquisitions, $15.5 million in capital expenditures and $10.1 million for capitalized software development. Cash used for investing activities in the first half of fiscal 2007 was offset by $1.1 million net proceeds from investments.

Financing activities used cash of $64.2 million and included a net repayment of the credit facility of $45.0 million, payment of dividends of $11.6 million and the purchase of treasury stock of $23.3 million. Cash used was offset by proceeds of $15.7 million from the exercise of stock options, sale of common stock and the excess tax benefits from stock-based compensation. For the first half of fiscal 2007, cash used in financing activities was $72.1 million and included $10.0 million for dividends paid, a net repayment of the credit facility of $25.1 million and $48.0 million for the purchase of treasury stock. Cash used was offset by $11.0 million from the exercise of stock options and the sale of common stock.

Backlog, which is a measure of future business and revenue, increased 7% from year-ago levels and increased 1% from September 2007. December 31, 2007 backlog total is $240.2 million ($61.6 million in-house and $178.6 million outsourcing). Backlog at December 31, 2006, was $225.3 million ($66.2 million in-house and $159.1 million outsourcing) and at September 30, 2007, it was $237.7 million ($64.0 million in-house and $173.7 million outsourcing).