The company reported revenues of $259.5 million for the quarter as compared to $231.0 million reported in the prior year period. 

“We delivered another solid quarter,” said Will Lansing, chief executive officer. “We drove record revenues even as we continue our transition to more recurring revenues. We continue to execute on our strategy, and remain well positioned for the future.”

Revenues for the third quarter of fiscal 2018 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 $141.6 million in the third quarter, compared to $133.8 million in the prior year quarter, up 6% from the prior year, primarily due to increased transactional revenue in Customer Communication Services, Originations Solutions and Customer Management Solutions; as well as increased license sales in Compliance Solutions and Originations Solutions.
  • Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, as well as business-to-consumer (B2C) service, were $92.1 million in the third quarter, compared to $69.5 million in the prior year quarter, an increase of 32%. B2B revenue increased 42% and B2C revenue increased 15% from the prior year quarter.
  • Decision Management Software revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were $25.8 million in the third quarter compared to $27.7 million in the prior year quarter, a decrease of 7%, due primarily to decreased upfront license sales.

Third Quarter Fiscal 2018 GAAP Results
Net income for the quarter totaled $32.4 million, or $1.04 per share, versus $25.2 million, or $0.78 per share, reported in the prior year period.

Net cash provided by operating activities for the quarter was $85.1 million versus $72.0 million in the prior year period.

Third Quarter Fiscal 2018 Non-GAAP Results
Non-GAAP Net Income for the quarter was $47.1 million vs. $37.4 million in the prior year period. Non-GAAP EPS for the quarter was $1.51 vs. $1.16 in the prior year period. Free cash flow for the quarter was $72.0 million vs. $66.8 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.

Source:  FICO Earnings Release