Fair Isaac Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2024
July 31, 2024 at 04:18 pm EDT
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Fair Isaac Corporation reported earnings results for the third quarter and nine months ended June 30, 2024. For the third quarter, the company reported revenue was USD 447.85 million compared to USD 398.69 million a year ago. Revenue was USD 447.85 million compared to USD 398.69 million a year ago. Net income was USD 126.26 million compared to USD 128.76 million a year ago. Net income was USD 126.26 million compared to USD 128.76 million a year ago. Basic earnings per share from continuing operations was USD 5.12 compared to USD 5.16 a year ago. Basic earnings per share from continuing operations was USD 5.12 compared to USD 5.16 a year ago. Diluted earnings per share from continuing operations was USD 5.05 compared to USD 5.08 a year ago. Diluted earnings per share from continuing operations was USD 5.05 compared to USD 5.08 a year ago.
For the nine months, revenue was USD 1,263.72 million compared to USD 1,123.82 million a year ago. Revenue was USD 1,263.72 million compared to USD 1,123.82 million a year ago. Net income was USD 377.12 million compared to USD 327.95 million a year ago. Net income was USD 377.12 million compared to USD 327.95 million a year ago. Basic earnings per share from continuing operations was USD 15.24 compared to USD 13.1 a year ago. Basic earnings per share from continuing operations was USD 15.24 compared to USD 13.1 a year ago. Diluted earnings per share from continuing operations was USD 15.01 compared to USD 12.91 a year ago. Diluted earnings per share from continuing operations was USD 15.01 compared to USD 12.91 a year ago.
Fair Isaac Corporation (FICO) specializes in the development and marketing of online software solutions for businesses and financial institutions. Net sales break down by family of products as follows:
- consumer credit rating and risk assessment solutions (51.3%);
- decision analysis and optimization solutions (48.7%).
Net sales are distributed geographically as follows: Americas (85%), Europe/Middle East/Africa (9.4%) and Asia/Pacific (5.6%).