Fair Isaac Corporation
FICO Reports Q2 FY 2024 Results with Double-Digit Growth and Raised Guidance
Summary
On April 25, 2024, Fair Isaac Corporation announced its financial results for Q2 FY 2024, reporting GAAP EPS of $5.16, up from $4.00 in the prior year. The company also raised its full-year guidance. Key highlights include double-digit growth in scores and software revenues. Non-GAAP EPS was $6.14 for the quarter, and free cash flow was $61.6 million. The company will host a conference call to discuss these results.
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About Fair Isaac Corporation
Fair Isaac Corporation is a pioneering analytics company known for its Fair Isaac Credit Organization score, commonly referred to as the FICO score. This score plays an essential role in the financial services industry by assessing consumer credit risk, impacting sectors such as banking, insurance, and retail. The FICO score aids financial institutions in making informed lending decisions by quantifying a borrower's creditworthiness. Beyond credit scoring, Fair Isaac Corporation offers a range of data analytics, decision management and predictive analytics solutions designed to enhance business performance. Serving a global clientele, the company's tools are instrumental in reducing credit losses and fraud while optimizing customer interactions. Founded in 1956 with headquarters in Bozeman, Montana, Fair Isaac Corporation continues to hold significant market influence as it bridges the gap between data analytics and business decision-making processes.
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