Effective October 1, 2009, FICO implemented an organizational restructuring that consolidated the operating segment structure from four segments to three, in which the myFICO(R) business-to-consumer (B2C) service is now a component of the Scores segment and the Professional Services segment has been combined with the applicable segment to which the services relate. Fiscal 2009 revenues have been restated to reflect the new business structure. Revenues for first quarter fiscal 2010 across each of the company’s three operating segments were as follows:  

The company reported first quarter revenues of $151.5 million in fiscal 2010 versus $163.5 million reported in the prior year period. The prior year period included $5.4 million in revenue associated with the divested telecom product lines.

Applications revenues, which include the company’s preconfigured Decision Management applications and associated professional services, were $92.9 million in the first quarter compared to $95.0 million in the prior year quarter, a decrease of 2%, primarily due to the divestiture of the telecom product lines. Excluding these divested products, revenue increased by $3.3 million or 4%, primarily due to an increase in revenue from Retail Action Manager, a component of Marketing Solutions.

Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and the B2C service, were $41.5 million in the first quarter compared to $47.6 million in the prior year quarter, a decrease of 13%, primarily due to declining volumes in the B2C service and a decrease in revenues derived from credit bureau risk scores.

Tools revenues, which include Blaze Advisor(R) and Xpress Optimization, and related professional services, decreased to $17.1 million in the first quarter compared to $20.9 million in the prior year quarter, a decrease of 18%, primarily due to decreased sales of the Blaze Advisor(R) product.

Bookings for the first quarter were $59.9 million compared to $52.5 million in the same period last year. Management regards new bookings 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.      Source: Fico Earnings Release

 BIIA Newsletter March II – 2010 Issue