FICO (NYSE:FICO) reported revenues of US$ 190 million for its first fiscal quarter ended December 31, 2012 up 11.8% from prior year. Non-GAAP Net Income for the quarter was $31.8 million vs. $34.5 million in the prior year period. Non-GAAP EPS for the quarter was $0.88 vs. $0.94 in the prior year period. Free cash flow for the quarter was $19.0 million vs. $32.7 million in the prior year period.
- Applications revenues, which include the company’s preconfigured Decision Management applications and associated professional services, were $124.7 million in the first quarter compared to $110.2 million in the prior year quarter, an increase of 13%.
- 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 $43.4 million in the first quarter compared to $42.5 million in the prior year quarter, an increase of 2%.
- Tools revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were $21.9 million in the first quarter compared to $17.6 million in the prior year quarter, an increase of 24%, primarily due to an increase in Blaze license and professional services partially offset by a decrease in Xpress license sales during the quarter.
The revenue growth was due primarily to revenue associated with last year’s acquisition of Adeptra, Ltd. and increases in revenue from Customer Management and Marketing Solutions, partially offset by a decrease in Fraud Solutions.
Source: FICO Press Release
