Henry Jack & Associates (JKHY) has reported 11.43 percent rise in profit for the quarter ended Mar. 31, 2017. The company has earned $60.04 million, or $0.77 a share in the quarter, compared with $53.88 million, or $0.68 a share for the same period last year.

Revenue during the quarter grew 6.18 percent to $353.77 million from $333.19 million in the previous year period. Gross margin for the quarter contracted 13 basis points over the previous year period to 41.56 percent. Total expenses were 74.92 percent of quarterly revenues, down from 76.04 percent for the same period last year. This has led to an improvement of 112 basis points in operating margin to 25.08 percent.

Operating income for the quarter was $88.73 million, compared with $79.83 million in the previous year period.

According to David Foss, president and chief executive officer, "We are happy to report another strong quarter of revenue and operating income growth, both in line with guidance provided last quarter. Our sales teams continue to have a very solid year through our third quarter and our fourth quarter has started out very well as it appears all three brands should exceed their quota targets for the fiscal year. I want to thank all of our associates for all their efforts to produce these results.