The company reported revenues of $231.0 million for the quarter as compared to $238.8 million reported in the prior year period.
“We had a very strong quarter in our Scores business, where our efforts to expand our revenue sources continue to pay off,” said Will Lansing, chief executive officer. “We also had a strong bookings quarter, posting more than $90 million for the third consecutive quarter, and continuing to build a backlog of recurring revenue.”
Revenues for the third quarter of fiscal 2017 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 $133.8 million in the third quarter, compared with $141.6 million in the prior year quarter, a decrease of 5%. This was primarily due to decreased license sales in Fraud Management Solutions.
- Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and business-to-consumer (B2C) service, were $69.5 million in the third quarter, compared to $61.1 million in the prior year quarter, an increase of 14%. B2B revenue increased 13% and B2C revenue increased 16% from the prior year quarter.
- Decision Management Software revenues, which include FICO® Blaze Advisor®, FICO® Xpress Optimization and related professional services, were $27.7 million in the third quarter compared to $36.1 million in the prior year quarter, a decrease of 23%, due primarily to decreased license revenues of Blaze Advisor.
Source: FICO Earnings Release