Fair Isaac Corp

FICO

Equity

ISIN US3032501047 / Valor 929264

New York Stock Exchange, Inc (2024-11-21)

USD 2,337.83+1.22%

Fair Isaac Corp
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About company

Fair Isaac Corp, commonly known as FICO, is a global analytics software company that utilizes Big Data and mathematical algorithms to predict consumer behavior and provide solutions for managing risk, fighting fraud, building customer relationships, optimizing operations, and meeting government regulations. One of its most well-known products is the FICO® Score, a standard measure of consumer credit risk in the United States. Founded in 1956, FICO has been a pioneer in developing technologies such as credit scoring and predictive analytics, which have had a significant impact on industries worldwide. The company serves a wide range of industries, including financial services, healthcare, insurance, automotive, public sector, retail, telecommunications, and more, helping businesses improve decision-making processes with precision and agility.

Summarized from source with an LLMView SourceSector: Technology

Third Quarter Fiscal 2024 GAAP Results

Fair Isaac Corp reported net income of $126.3 million, or $5.05 per share, for the third quarter of fiscal 2024, compared to $128.8 million, or $5.08 per share, in the same period last year. The previous year's third quarter included a significant one-time favorable expense adjustment. Net cash provided by operating activities was $213.3 million, up from $122.6 million in the prior year period.

Third Quarter Fiscal 2024 Non-GAAP Results

For the third quarter of fiscal 2024, Fair Isaac Corp's Non-GAAP net income was $156.4 million, an increase from $143.4 million in the prior year period. Non-GAAP earnings per share (EPS) were $6.25, up from $5.66 in the previous year. Free cash flow for the quarter was $205.7 million, compared to $121.8 million in the same period last year.

Third Quarter Fiscal 2024 GAAP Revenue

Fair Isaac Corp reported revenues of $447.8 million for the third quarter of fiscal 2024, an increase from $398.7 million in the prior year period. The company experienced significant growth across its business, particularly with strong adoption of FICO 10 T and FICO Platform. Scores revenues increased by 20% to $241.4 million, while software revenues grew by 5% to $206.4 million.

Segment Performance

In the third quarter of fiscal 2024, Fair Isaac Corp's Scores segment, which includes B2B and B2C solutions, reported revenues of $241.4 million, up 20% from the prior year. B2B revenue saw a 27% increase, driven by higher unit prices, while B2C revenue decreased by 2% due to lower volumes. The Software segment reported revenues of $206.4 million, a 5% increase, mainly due to higher recurring revenue.

Updated Fiscal 2024 Guidance

Fair Isaac Corp has updated its guidance for fiscal 2024. The company now expects revenues of $1.700 billion, up from the previous guidance of $1.690 billion. GAAP net income is projected to be $500 million, with GAAP EPS of $19.90. Non-GAAP net income is expected to be $582 million, with Non-GAAP EPS of $23.16.

Summarized from source with an LLMView Source

Key figures

122%1Y

554%3Y

558%5Y

Performance

30.9%1Y

36.4%3Y

40.9%5Y

Volatility