SAN RAFAEL, Calif. Fair, Isaac & Co. said that its revenues totaled $87.1 million in the January-March, 7% more than a year earlier.
Net income was up 33%, to $14.2 million, in the quarter, the second of its fiscal year. That was 59 cents per diluted share, up from 47 cents.
Revenues for the six months that ended March 31 totaled $172.1 million, up 9%. Net income climbed 42%, to $27.7 million, or $1.15 per diluted share.
Were pleased with our second-quarter results, which were in line with our revenue plan and 1 cent better than our earnings guidance, said Tom Grudnowski, the chief executive officer.
Our most differentiated solutions, such as Strategy Science, myfico.com, Decision System, Triad, and analytic consulting, all performed well. Given the traction weve seen in our strategic offerings, we expect stronger revenue growth in the second half of our fiscal year.
The firm also announced a three-for-two stock split of its outstanding shares of common stock. Shareholders of record at the close of business May 15 will get an additional share of common stock for every two shares owned; additional shares will be distributed June 5. Cash will be paid in lieu of fractional shares.
As we continue to raise our profile through broader investor awareness, we believe the stock split will enhance liquidity in our stock, Grudnowski said.
