FICO (NYSE:FICO) reported revenues of $190.3 million for the quarter as compared to $186.1 million reported in the prior year period, an increase of 2%. Net income for the quarter totaled $28.6 million, or $0.79 per share, versus $21.2 million, or $0.60 per share, reported in the prior year period (FICO’s fiscal Q4 2013). The company blames the low revenues on the slow-growth economy and uncertainties its customers are facing.
Revenues for the fourth quarter fiscal 2013 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 $119.2 million in the fourth quarter compared to $119.9 million in the prior year quarter, a decrease of 1%. This was due to declines in Customer Management and Marketing Solutions offset by a revenue increase in Mobility associated with the acquisition of Adeptra, Ltd.
- Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and the myFICO® business-to-consumer (B2C) service, were $46.1 million in the fourth quarter compared to $46.8 million in the prior year quarter, a decrease of 1%. The B2C revenue increased 27% and the B2B revenue decreased 8% from the prior year quarter.
- Tools revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were $25.0 million in the fourth quarter compared to $19.4 million in the prior year quarter, an increase of 29%, due to increased license sales of Model Central Solution and Blaze.
Source: FICO Earnings Release