MINNEAPOLIS – Fair Isaac & Co., makers of the ubiquitous FICO credit score, said net income for its fiscal first quarter rose 46% to $17.7 million as some of its reorganization is starting to take effect.
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First quarter expenses were down $23 million, or 16% to $119.9 million.
The company reported first quarter revenues of $151.5 million in fiscal 2010, versus $163.5 million reported in the prior year period. The prior year period included $5.4 million in revenue associated with divested telecom product lines.
