Fair Isaac Corporation
FICO Announces Third Quarter Fiscal 2024 Financial Results and Updates Guidance
Summary
Fair Isaac Corporation (FICO) reported its financial results for the third quarter of fiscal 2024, showing a slight decline in GAAP net income to $126.3 million, or $5.05 per share, from $128.8 million, or $5.08 per share in the prior year. The company also reported an increase in revenues to $447.8 million from $398.7 million in the same period last year. Non-GAAP net income rose to $156.4 million, or $6.25 per share, compared to $143.4 million, or $5.66 per share in the prior year. FICO updated its fiscal 2024 guidance, raising the revenue forecast to $1.700 billion, GAAP net income to $500 million, and Non-GAAP net income to $582 million.
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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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