FICO reported revenues of $160.5 million for the third quarter (ending June 30th 2012) as compared to $150.7 million reported in the prior year period, an increase of 7%. Net income for the quarter totaled $20.7 million, or $0.59 per share, versus $23.2 million, or $0.58 per share, reported in the prior year period.
Applications revenues, which include the company’s preconfigured Decision Management applications and associated professional services, were $98.3 million in the third quarter compared to $92.1 million in the prior year quarter, an increase of 7%, due primarily to increases in revenue from Customer Management solutions and Collections & Recovery 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 $41.9 million in the third quarter compared to $41.8 million in the prior year quarter. The B2B revenue increased 4% from the prior year quarter, offset by a decline in B2C.
Tools revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were $20.2 million in the third quarter compared to $16.8 million in the prior year quarter, an increase of 20%, primarily due to an increase in Blaze Advisor® and Xpress license sales during the quarter.
Source: FICO Press Release
