MINNEAPOLIS – Credit scorer Fair Isaac Corp. said yesterday that lower revenues pushed down net income by 21% to $21.4 million, or 37 cents a share, for its fiscal second quarter. Revenues for the creator of the ubiquitous FICO score fell 3.5% for the quarter to $201 million. Second quarter results this year included the $1.5 million pre-tax gain from the sale of the company’s mortgage business and an associated $1.9 million increase in tax expense. For the first six months of its fiscal year Fair Isaac reported a 4% drop in net income, to $52.7 million, or 89 cents a share, and a slight decline in revenues, to $409.2 million, from $410 million for the first two quarters last year.
Processing Content
