Fair Isaac Corporation
FICO Announces Strong Q4 2024 Financial Results with 16% Revenue Growth
Summary
Fair Isaac Corporation (FICO) reported its financial results for the quarter ended September 30, 2024, showing a 16% increase in revenues to $454 million compared to the prior year. The company achieved GAAP EPS of $5.44 and non-GAAP EPS of $6.54. Free cash flow was $219.4 million for the quarter. The company also provided guidance for fiscal 2025, anticipating double-digit percentage growth across all metrics.
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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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