FICO 200 135FICO reported revenues of $207.1 million for the quarter as compared to $185.5 million reported in the prior year period, an increase of 12%.  Net income for the quarter totaled $18.9 million, or $0.58 per share, versus $20.8 million, or $0.59 per share, reported in the prior year period (Quarter ending March 31st, 2015).

“We drove growth throughout all of our segments, particularly in Applications,” said Will Lansing, chief executive officer. “I’m also pleased with the strong quarter in our Consumer Scores business, and encouraged by the strength we’re seeing in our B2B Scores driven by new originations.”

FICO Fiscal Q2 2015Revenues for the second quarter fiscal 2015 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 $134.4 million in the second quarter compared to $115.6 million in the prior year quarter, an increase of 16%. This was due to increased revenues in Fraud Solutions and revenues from the TONBELLER acquisition, which contributed $3.2 million in the quarter.
  • 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 $49.9 million in the second quarter, up 4% from the prior year quarter. The B2B revenue decreased 2% compared to the prior year, which included a royalty true up, while the B2C revenue increased 24% from the prior year quarter. Excluding the prior year royalty true up, B2B revenues increased 7%.
  • Tools revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were $22.8 million in the second quarter compared to $22.0 million in the prior year quarter, an increase of 4%, due primarily to an increase in transactional and maintenance revenue.

Outlook

The company is reiterating its previously provided guidance for fiscal 2015, which is as follows: Revenues US$ 830 million to US$ 835 million.

Source:  FICO Earnings Release