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).  Preliminary full year (fiscal 2013) are up 9% largely buoyed by recent acquisitions.

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.

“Our fiscal 2013 results reflect the uncertainties our customers are facing in the slow-growth economy, yet it’s important to recognize that despite those uncertainties, we’re making tremendous progress toward our long-term growth goals,” said Will Lansing, chief executive officer. “Analytics-driven business in the cloud is an idea whose time has come. And that’s exactly what we’re delivering to our customers, not only in banking and financial services, but increasingly in other industries where the leading players are grappling with challenges and opportunities associated with Big Data.”FICO Revenue  Fiscal Q4 13

The company also released preliminary results for the full fiscal year of 2013 (year ending Sept. 30th 2013).  Total revenues were US$ 743.4 million versus US$676.4 million (up 9.9%).  Segment results:

  • Applications revenues, which include the company’s preconfigured Decision Management applications and associated professional services were US$576 million versus US$424.6 million prior year
  • Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services were US$180.8 million vs. US$175.6 million prior year
  • Tools revenues were US$86.5 million vs. US$76.1 million prior year

FICO Q1 Q2  Q3 Q4 2013Based on previous reporting definition segment results were as follows:

  • Transactional and Maintenance revenues were US$514.3 million vs. US$466.1 million prior year
  • Professional Services revenues were US$135.1 million versus US$124.9 million prior year
  • Licenses revenues were US$93.9 million versus US$85.2 million from prior year

Source:  FICO Earnings Release