The company reported fourth quarter revenues of $151.9 million in fiscal 2009 versus $178.2 million reported in the prior year period.  For fiscal year ending Sept 30th, 2009 revenues were $630.7 million versus $744.8 for the prior year period.  Revenues for fourth quarter fiscal 2009 and full year 2009 across each of the company’s four operating segments were as follows:

  • Strategy Machine® Solutions revenues were $82.9 million in the fourth quarter compared to $94.5 million in the prior year quarter, or a decrease of 12%, primarily due to the divestiture of our telecom product lines.  Total revenues were $338.7 vs. $388.1 million of the prior year.

  • Scoring Solutions revenues were $31.8 million in the fourth quarter compared to $37.3 million in the prior year quarter, or a decrease of 15%, primarily due to a decrease in revenues derived from our credit bureau risk scores. Total revenues were $131.6 vs. 156.8 million of the prior year.

  • Professional Services revenues were $25.0 million in the fourth quarter compared to $33.2 million in the prior year quarter, or a decrease of 25%, primarily due to the general decline in license sales, resulting in a corresponding decline in implementation services.  This decline is also the result of a practice of discontinuing certain lower margin consulting service engagements that was started in early fiscal 2009.  Total revenues were $111.1 vs. $147.8 million of the prior year.

Analytic Software Tools revenues decreased to $12.2 million in the fourth quarter compared to $13.2 million in the prior year quarter, or a decrease of 8%, primarily due to decreases associated with the sale of the Blaze Advisor® product.  Total revenues were $49.1 vs. $52 million of the prior year.

In light of the continuing uncertainty in the global financial markets and the limited visibility into our clients’ spending intentions, the company is not providing specific quarterly guidance. 

However, the company expects to grow year-over-year GAAP earnings per share by a high single-digit percentage in fiscal 2010 compared to fiscal 2009, with relatively flat results in the first half of the year compared to the prior year, and stronger performance in the latter half of fiscal 2010.  

Source:  Fair Isaac Press Release

BIIA Newsletter February 2010 Issue