MINNEAPOLIS – Shares in Fair Isaac & Co., soared more than 25% yesterday after the provider of the ubiquitous FICO score reported a 56% rise in fiscal fourth quarter earnings to $24.6 million.
Fourth quarter revenues rose 3% to $160.2 million amid strong bookings, an indicator of future sales. Revenues for each of the company’s main business lines, applications, scores and tools, also increased for the quarter.
“We finished fiscal 2011 strong, meeting or exceeding our targets for revenue, net income, and free cash flow,” said Mark Greene, chief executive officer. “The combination of a disciplined operational approach – allocating capital towards product innovation, client service, and revenue-producing activities – and our strategy of bringing superior predictive analytics solutions to market ahead of our competition is bearing fruit despite tough economic conditions.”
For the full year the company reported a 2% increase in revenues to $619.7 million, and an 11% rise in net income to $71.6 million.
