Fair Isaac Reports HighEarnings
MINNEAPOLIS - (01/31/06) -- Fair Isaac Corp., the leadingdeveloper of credit-risk scoring applications, reported that itsfiscal first-quarter profits edged up slightly as stronger sales inits smaller segments - including credit-scoring systems - offset aslight decline in its larger segments. Net income rose 2% to $28.5million, or 43 cents a share, in the quarter ending Dec. 31,compared to the same period last year. Revenues rose almost 4% to$202.8 million for the quarter. Revenues for the first quarteracross the company's four operating units include an increase inthe scoring solutions segment to $46.2 million in the first quarterfrom $39.4 million in the year-ago quarter. The 17% jump isprimarily due to an increase in revenues derived from risk-scoringservices at credit-reporting agencies. "