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Business History l Investment Cases l Financial Data

Sep 18, 2023, 6 tweets

Constellation Software's ideal VMS business?

Jack Henry & Associates

They call it "Our Gold Standard for VMS Companies." Bernard Anzarouth, CSI's CIO, wrote a memo about Jack Henry in 1999.

Jack Henry Financials:

Jack Henry Biography:

Book on Jack Henry's corporate culture:

Jack Henry's IPO prospectus:

[Profitable from Day 1]

Jack Henry had a $4M market cap in 1990.

P/Es:
4x (trailing CY)
2x (forward 1Y)
1x (forward 2Y)

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