Earnings Decline At FICO
MINNEAPOLIS – FICO, the developer of the ubiquitous credit score, said net income for its fiscal fourth quarter declined 8% to $15.8 million.
Fourth quarter revenues for FICO, formerly known as Fair Isaac & Co., rose 2% to $155.1 million.
Applications revenues, which include the company’s preconfigured Decision Management applications and associated professional services, were up 2% to $96.1 million, primarily due to an increase in revenue from Fraud Management solutions and Marketing Solutions.
Scores revenues, which include the company’s business-to-business scoring solutions and associated professional services, and the myFICO business-to-consumer service, were down slightly to $41.7 million in the fourth quarter.
Tools revenues, which include Blaze Advisor, Xpress Optimization and related professional services, were up 13% to $17.3 million in the fourth quarter.
For the full year FICO reported a 4% decline in revenues to $605.6 million, and a 1% decline in net income to $64.5 million.