Fair Isaac Corporation Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
April 25, 2024 at 04:18 pm EDT
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Fair Isaac Corporation reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported revenue was USD 433.81 million compared to USD 380.27 million a year ago. Net income was USD 129.8 million compared to USD 101.55 million a year ago. Basic earnings per share from continuing operations was USD 5.23 compared to USD 4.04 a year ago. Diluted earnings per share from continuing operations was USD 5.16 compared to USD 4 a year ago.
For the six months, revenue was USD 815.87 million compared to USD 725.14 million a year ago. Net income was USD 250.86 million compared to USD 199.19 million a year ago. Basic earnings per share from continuing operations was USD 10.12 compared to USD 7.94 a year ago. Diluted earnings per share from continuing operations was USD 9.96 compared to USD 7.83 a year ago.
Fair Isaac Corporation (FICO) specializes in the development and marketing of online software solutions for businesses and financial institutions. Net sales break down by family of products as follows:
- consumer credit rating and risk assessment solutions (51.3%);
- decision analysis and optimization solutions (48.7%).
Net sales are distributed geographically as follows: Americas (85%), Europe/Middle East/Africa (9.4%) and Asia/Pacific (5.6%).