FICO Fiscal Q4 2014FICO reported revenues of $221.6 million for the quarter as compared to $190.3 million reported in the prior year period, an increase of 16%.

“We had a very strong finish to 2014, with exceptional license sales and growth across our business,” said Will Lansing, chief executive officer. “We continue to invest prudently in our strategic priorities, and are well positioned for 2015.”

Revenues for the fourth quarter fiscal 2014 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 $146.9 million in the fourth quarter compared to $119.2 million in the prior year quarter, an increase of 23%. This was due to increased license and services revenue in Banking Fraud, an increase in license revenue in Originations Solutions, and an increase in services and transactional revenue in Customer Communication Solutions.
  • 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, consistent with the prior year quarter. The B2B revenue increased 1% while the B2C revenue decreased 4% from the prior year quarter.
  • Tools revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were $28.6 million in the fourth quarter compared to$25.0 million in the prior year quarter, an increase of 14%, due primarily to increased license and services revenue of Xpress Optimization.

Net income for the quarter totaled $36.6 million, or $1.10 per share, versus $28.6 million, or $0.79 per share, reported in the prior year period. The current quarter earnings include a noncash reduction to income tax expense of $1.9 million, or $0.06 per share, associated with the resolution of a tax audit.

Non-GAAP net income for the quarter was $44.2 million vs. $35.3 million in the prior year period. Non-GAAP EPS for the quarter was $1.33 vs. $0.98 in the prior year period. Free cash flow for the quarter was $65.1 million vs. $31.5 million in the prior year period. The Non-GAAP financial measures are described in the financial table captioned “Non-GAAP Results” and are reconciled to the corresponding GAAP results in the financial tables at the end of this release.

Source:  FICO Press Release