Revenues for full year fiscal 2008 across each of the company’s four operating segments were as follows:

  • Strategy Machine Solutions revenues were $388.1 million compared to $404.9 million in the prior year, or a decrease of 4.1%, primarily due to the divestiture of the mortgage product line in the second quarter of fiscal 2007 and a decline associated with marketing solutions, fraud and analytics products, partially offset by an increase in revenues derived from customer management, and consumer products.  Scoring Solutions revenues were $156.8 million compared to $180.4 million in the prior year, or a decrease of 13.1%, primarily due to a decrease in revenues derived from risk scoring services at the credit reporting agencies and from our PreScore Service.  Professional Services revenues were $147.9 million compared to $147.5 million in the prior year, or essentially flat.  Analytic Software Tools revenues increased to $52.0 million compared to $51.4 million in the prior year, or by 1.2%, due to an increase in revenues derived from the Xpress MP product.
  • The bookings for the fourth quarter were $71.2 million compared to $93.3 million in the same period last year. Fiscal 2008 bookings were $327.3 million compared to $301.8 million for the prior year.  The company defines “bookings” as estimated future contractual revenues, including agreements with perpetual, multi-year and annual terms.  Management regards the volume of bookings achieved as one indicator of future revenues, but they are not comparable to, nor should they be substituted for, an analysis of the company’s revenues.
  • Outlook
    In light of the uncertain economic environment and limited visibility into clients’ spending intentions, the company is not providing guidance at this time. It expects to deliver FY09 guidance by the first quarter earnings call in January 2009.

Source:  Fair Isaacs Press Release

BIIA Newsletter November 2008 Issue