Jack Henry (JKHY) Tops Q3 EPS by 1c
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Jack Henry & Associates Reports Third Quarter Results And Announces Restatement Of Financial Statements
May 6, 2015 5:06 PM EDTMONETT, Mo., May 6, 2015 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, today announced third quarter fiscal 2015 results and that previously filed financial statements will be restated due to the thorough review of revenue recognition practices as described in more detail below. The Company will restate certain previously filed financial statements and defer to future periods revenue and related direct costs previously recognized. The restatement is expected to result in deferral of approximately $172 million in gross... More
