Jack Henry Q2 Profit Surges on Robust Bank Tech Demand (JHAN)

[Para 1: The Lead] Jack Henry & Associates reports a 27.5% increase in second-quarter profit to $124.7 million, or $1.72 per share, driven by strong demand for its banking technology solutions. The company's ticker symbol is JHAN. [Para 2-3: Supporting details & Context] Revenue climbed 7.9% to $619.3 million, with service and support income up 7.1%, and processing revenue growing 9.1%. The company's narrow focus on bank technology has bolstered its competitive edge against larger peers like Fiserv and FIS. Jack Henry's deconversion revenue, a key indicator of M&A activity, surged 90-fold to $6.2 million, reflecting accelerating banking industry consolidations. Last year, Jack Henry acquired Victor Technologies, expanding its presence in the payments-as-a-service market.