FICO reported quarter revenues of $155.3 million versus $156.0 million reported in the prior year period. The prior year period included $5.0 million in revenue associated with the telecom product lines, which have since been divested.  “Performance was solid across all segments of our business, despite prevailing hesitation in the U.S. economy,” said Mark Greene, chief executive officer. Net income for the quarter totaled $17.9 million, or $0.40 per share. This compares with prior-year period net income of $18.1 million, or $0.37 per share.   

Applications revenues, which include the company’s preconfigured Decision Management applications and associated professional services, were $91.4 million in the third quarter compared to $94.6 million in the prior year. Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and the myFICO(R) business-to-consumer (B2C) service, were $46.5 million in the third quarter compared to $45.3 million in the prior year quarter.   Source:  FICO Press Release

BIIA Newsletter September I – 2010 Issue