First-Quarter Profit Slips At FairIsaac
MINNEAPOLIS - (01/31/05) -- Fair Isaac Corp., a provider ofcredit analysis products to credit unions and banks, said last weekthat profit declined 3% percent in its fiscal first quarter due tocosts associated with acquisitions. First-quarter earnings fell to$27.9 million, or 36 cents a share, from $28.8 million, or 36 centsa share, for the same period last year. Excluding costs associatedwith acquisitions, Fair Isaac earned $33.5 million, or 43 cents pershare, in the latest quarter. Revenue rose 16% to $195.5 million,from $169.3 million for last year's first quarter, as salesincreased across segments. Fair Isaac said its professionalservices unit posted the biggest percentage increase, with revenuegrowing 31% to $19.5 million because of the acquisition of LondonBridge and Braun Consulting Inc.