Jack Henry & Associates F2Q08 (Qtr End 12/31/07) Earnings Call Transcript

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2008-02-07 12:52:08.0

Tags: Jack Henry & Associates Inc.

Question-and-Answer Session

Operator

(Operator’s Instructions.) Our first question comes from Jon Maietta from Needham & Company.

Jon Maietta - Needham & Company

Hey, thanks very much. Good morning guys.

The first question I had, Jack, on the previous quarter call you had mentioned that there were some license deals that had slipped, did any of those close in this current quarter?

Jack Prim

Yes, they did. The ones that we were tracking, mostly in the credit space, just took a little longer to get done but did get those done in the quarter.

Jon Maietta - Needham & Company

Okay, and then Kevin, were there any integration charges associated with acquisitions that fell into the December quarter that we may not see in the March quarter?

Kevin Williams

Very few, Jon.

We’ve got integration down pretty much to a science, so basically we just ask our people to do a little bit more rather than adding a whole bunch of additional costs but having said that we try to capitalize everything we can as part of the purchase pricing we do on acquisition, so there shouldn’t be much impact in the December quarter that would go away in future quarter.

The biggest thing that will go away in the March quarter will be the user group fees that we had before .

Jon Maietta - Needham & Company

Got you, okay. And then the last question I had, I know it’s early days, Jack, but if you could talk a little about maybe some of the early traction in regard to the mobile banking products.

Jack Prim

Yeah. John, that’s going very well, we have 49, at this point, financial institutions that have signed up for our mobile banking offering. Again our product is designed to work with any phone, any carrier. I think we have something like, 12 carriers represented among the 49 banks. It’s been very well accepted, it goes in very easily and again, is working well with pretty much any phone, any carrier out there so we are pleased with it at this point.

Jon Maietta - Needham & Company

Okay, thanks very much.

Operator

And our next question will come from Tim Fox of Deutsche Bank.

Tim Fox - Deutsche Bank

Thank you, good morning.

Since you ended your commentary on backlog maybe I can start there Kevin, just talking a little bit from a trend line perspective, up 7%, I think that's down a bit sequentially. Can you talk a little bit about the backlog, what we should expect from a trend line perspective, is that an indication in any way that things may be tightening or is this just more of a seasonal issue?

 

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