After being in the doldrums for several years FICO is growing again.  It finished its fiscal year with 9% growth buoyed by a strong quarter.

FICO (NYSE: FICO) reported revenues of $186.1 million for the quarter as compared to $160.2 million reported in the prior year period, an increase of 16%.    Net income for the quarter totaled $21.2 million, or $0.60 per share, versus $24.6 million, or $0.64 per share, reported in the prior year period. The current quarter results include $3.3 million, net of tax, or $0.09 per share, in restructuring and acquisition related costs.

Segment revenues were as follows:

  • Applications revenues (decision management applications and associated professional services were US$ 119.9 million, an increase of 23%
  • Scores revenues (B2C and B2B scoring solutions and associated professional services) were US$ 46.7 million.  B2B revenue increased by 7%, while B2C declined.
  • Tools revenues (Blaze Advisor, Xpress Optimization and related professional services) were US$19.4 million, an increase of 9%.

“We finished fiscal 2012 with solid Q4 results driven by revenue growth in our Applications and Tools businesses,” said Will Lansing, chief executive officer. “The durability of our core solutions remains important as we pursue opportunities to accelerate growth. And as always, producing consistently strong free cash flow remains a top priority.”

Full year revenues were up 9% from US$619 million to US$676 million.  Full year operating income rose from US$ 127 million to US$168 million.

Source:  FICO Press Release