FICO (NYSE: FICO) announced preliminary results for its fourth fiscal quarter ended September 30, 2013. FICO will release actual results for the fourth quarter after the market closes on October 30, 2013. Fourth quarter results are preliminary, subject to the company’s management completing its customary quarterly closing and review procedures. The company anticipates GAAP revenue for its fiscal fourth quarter in the range of $188 million to $190 million, with total fiscal 2013 revenues of $741 million to $743 million, compared to prior annual revenue guidance of $755 million to $765 million.
“While our core business remains strong, we continue to experience delays in application license sales to North American banks,” said Will Lansing, chief executive officer. “Our customers are facing uncertainties that have lengthened purchasing decisions and increased the sales cycle for large license transactions.”
The company will host a webcast on October 30, 2013 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to report its final fourth quarter fiscal 2013 results and provide various strategic and operational updates. The call can be accessed at FICO’s Web site at www.fico.com/investors. A replay of the webcast will be available through January 30, 2014.
Source: FICO Press Release