MINNEAPOLIS FICO, maker of the ubiquitous credit score, reported a 22% decline in earnings for its fiscal first quarter to $23.4 million, affected by $2.2 million in restructuring and acquisition-related charges.
The company, which is in the process of relocating to Silicon Valley, reported revenue of $190.0 million for the quarter as compared to $170.3 million in the prior year period, an increase of 12%.
Revenue for the first quarter fiscal 2013 across each of the company’s three operating segments was as follows:
Applications revenue, which includes the company’s preconfigured Decision Management applications and associated professional services, was $124.7 million in the first quarter, up 13%;
Scores revenue, which includes the company’s business-to-business (B2B) scoring solutions, and the myFICO business-to-consumer (B2C) service, was $43.4 million, up 2%;
Tools revenue, which includes Blaze Advisor, Xpress Optimization and related professional services, was $21.9 million, an increase of 24%.
