FICO reported revenues of $200.1 million for the quarter ended December 31st 2015 as compared to $189.5 million reported in the prior year period, an increase of 6%.
Net income for the quarter totaled $19.2 million, or $0.59 per share, versus $14.4 million, or $0.43 per share, reported in the prior year period.
Revenues for the first quarter fiscal 2016 across each of the company’s three operating segments were as follows:
- Applications revenues, which include the company’s preconfigured decision management applications and associated professional services, were $120.1 million in the first quarter compared to $115.5 million in the prior year quarter, an increase of 4%. This was due primarily to revenues from our compliance solutions attributed to the TONBELLER acquisition.
- Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and the business-to-consumer (B2C) services, were $56.0 million in the first quarter, up 27% from the prior year quarter. The B2B revenue increased 8% while the B2C revenue increased 88% from the prior year quarter.
- Tools revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were $23.9 million in the first quarter compared to $30.1 million in the prior year quarter, a decrease of 21%, due primarily to a one-time favorable settlement in the prior year related to our Blaze product for under-reported royalties.
“We’re off to a good start in 2016, as we continue to deliver both top- and bottom-line growth,” said Will Lansing, chief executive officer. “Our Scores segment is performing particularly well, as we’re seeing increased demand on both the B2B and B2C markets.”
Source: FICO Earnings Release