FICO (NYSE:FICO), a leading predictive analytics and decision management software company, announced its results for its second fiscal quarter ended March 31, 2019.

  • Second Quarter Fiscal 2019 GAAP Results
  • Net income for the quarter totaled $33.4 million, or $1.10 per share, versus $31.2 million, or $1.00 per share, in the prior year period.
  • Net cash provided by operating activities for the quarter was $47.8 million versus $49.2 million in the prior year period.

Second Quarter Fiscal 2019 GAAP Revenue
The company reported revenues of $278.2 million for the quarter as compared to $256.3 million reported in the prior year period.

Revenues for the second quarter of fiscal 2019 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 $141.8 million in the second quarter, compared to $146.5 million in the prior year quarter, a decrease of 3%, due primarily to reduced services revenues from implementations and decreased license sales.
  • Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and business-to-consumer (B2C) service, were $104.4 million in the second quarter, compared to $87.1 million in the prior year quarter, an increase of 20%. B2B revenue increased 27% and B2C revenue increased 5% from the prior year quarter.
  • Decision Management Software revenues, which include Blaze Advisor®, Xpress Optimization, Decision Management Platform and related professional services, were $32.0 million in the second quarter compared to $22.7 million in the prior year quarter, an increase of 41%, due primarily to increased services and license revenues related to Xpress Optimization.

Outlook 

“We had another strong quarter of both revenues and bookings,” said Will Lansing, chief executive officer. “We are pleased to be able to raise our full-year guidance.”

Revenues: US$ 1.14bn; GAAP Net Income: US$173 million; GAAP EPS US$5.75

Source: FICO Earnings Release