FICO, provider of the ubiquitous credit scores, on Wednesday said fiscal third quarter net increased almost 30% to $23.2 million, despite a 3% drop in revenues.
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“Results this quarter were mixed. Revenue was disappointing, as several significant transactions pushed into Q4. Our vigilant management of expenses allowed us to nonetheless post good net income and earnings results,” said Mark Greene, FICO’s CEO.
FICO reported a 9% decline in expenses for the third quarter to $113.3 million.
For the first three quarters of its fiscal year FICO reported a 2% increase in revenues to $459.4 million, and a 3% decline in net income to $46.9 million.
