MINNEAPOLIS – Fair Isaac & Co., the maker of the ubiquitous FICO credit score, reported a strong fiscal second quarter, with net income surging 31% to $17.7 million for the period, after a restructuring that pared a fourth of its workforce last year.
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That was after revenues fell 18% to $159.3 million, after the company shed its Insurance Bill Review subsidiary.
For the first six months of its fiscal year Fair Isaac reported a 15% decline in revenues to $322.8 million, and an 11% drop in net income, to $29.9 million.
Over the last year the company has reduced its workforce by about 25%, or 620 positions.
