The company reported revenues of $308.0 million for the quarter as compared to $278.2 million reported in the prior year period.

Net income for the quarter totaled $58.3 million, or $1.94 per share, versus $33.4 million, or $1.10 per share, in the prior year period.  Net cash provided by operating activities for the quarter was $61.5 million versus $47.8 million in the prior year period.

Second Quarter Fiscal 2020 Non-GAAP Results
Non-GAAP Net Income for the quarter was $64.3 million versus $47.3 million in the prior year period. Non-GAAP EPS for the quarter was $2.14 versus $1.56 in the prior year period. Free cash flow for the quarter was $54.8 million versus $43.6 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.

“As the world struggles with the pandemic and its economic impact, we are dedicated to standing by our customers to support their decisioning during this critical time,” said Will Lansing, chief executive officer. “While we face near-term uncertainty, I’m pleased that our second quarter results were strong and that we are well positioned to manage the challenges in front of us.”

Revenues for the second quarter of fiscal 2020 across each of the company’s three operating segments were as follows:

  • Applicationsrevenues, which include the company’s preconfigured decision management applications and associated professional services, were $140.3 million in the second quarter, compared to $141.8 million in the prior year period, a decrease of 1%, due primarily to decreased license and services revenues in Collections and Recovery Solutions.
  • Scoresrevenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and business-to-consumer (B2C) service, were $129.2 million in the second quarter, compared to $104.4 million in the prior year period, an increase of 24%. B2B revenue increased 27% and B2C revenue increased 15% from the prior year period.
  • Decision Management Softwarerevenues, which include Blaze Advisor®, Xpress Optimization, Decision Management Platform and related professional services, were $38.5 million in the second quarter compared to $32.0 million in the prior year period, an increase of 20%, due primarily to increased license and SaaS subscription revenues.

Due to the lack of visibility related to the COVID-19 pandemic and recovery, the Company has withdrawn financial guidance at this time.

Source:  FICO Earnings Release