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Guangfa Bank Credit Card Center wins prestigious “Best Self-Service Banking Project in China” award from The Asian Banker

BEIJING, China - 9 August, 2017

HIGHLIGHTS:

  • China Guangfa Bank Credit Card Center is using FICO® Customer Communications Services (CCS) to help reduce its cost of collections and improve customer service across its credit card portfolio
  • China Guangfa Bank Credit Card Center has improved the average daily rate of repayment by 2 percent  and collected several hundred million yuan in repayments since deploying FICO CCS in March 2016
  • China Guangfa Bank Credit Card Center has won the “Best Self-Service Banking Project in China” award from The Asian Banker following the successful rollout of its Intelligent Collections Project

For more information: http://www.fico.com/en/products/fico-customer-communication-services

China Guangfa Bank Credit Card Center (CGB Credit Card Center) is using FICO® Customer Communications Services (CCS) to help reduce its cost of collections and improve customer service across its credit card portfolio.

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Revenue of $231 million vs. $239 million in prior year

SAN JOSE, Calif. – July 31, 2017 -

FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its third fiscal quarter ended June 30, 2017.

Third Quarter Fiscal 2017 GAAP Results

Net income for the quarter totaled $25.2 million, or $0.78 per share, versus $35.0 million, or $1.08 per share, reported in the prior year period. The current quarter earnings include a reduction to income tax expense of $2.7 million, or $0.08 per share, associated with the adoption of FASB Accounting Standards Update No. 2016-09 (“ASU 2016-09”). The current quarter also includes a pre-tax restructuring charge of $4.5 million, or $0.09 per share after tax.

Net cash provided by operating activities for the quarter was $72.0 million versus $85.4 million in the prior year period.

Third Quarter Fiscal 2017 Non-GAAP Results

Non-GAAP Net Income for the quarter was $37.4 million vs. $46.8 million in the prior year period. Non-GAAP EPS for the quarter was $1.16 vs. $1.45 in the prior year period. Free cash flow for the quarter was $66.8 million vs. $80.0 million in the prior year period. Free cash flow for both periods reflects the impact of ASU 2016-09. These non-GAAP financial measures are described in the financial table captioned “Non-GAAP Results” and are reconciled to the corresponding GAAP measures in the financial tables at the end of this release.

Third Quarter Fiscal 2017 GAAP Revenue

The company reported revenues of $231.0 million for the quarter as compared to $238.8 million reported in the prior year period. 

“We had a very strong quarter in our Scores business, where our efforts to expand our revenue sources continue to pay off,” said Will Lansing, chief executive officer. “We also had a strong bookings quarter, posting more than $90 million for the third consecutive quarter, and continuing to build a backlog of recurring revenue.”

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SAN JOSE, Calif.  — 27 July, 2017

HIGHLIGHTS:

  • 44 percent of US consumers rate identity theft and banking fraud as their top concern
  • 78 percent of US consumers who experienced fraud were satisfied with their bank’s response or handling of the incident.
  • FICO surveyed 1,000 US consumers over the age of 17.

For more information: http://www.fico.com/en/2017-north-america-banking-survey

FICO’s latest consumer finance trend research has revealed that 44 percent of US consumers rate identity theft and banking fraud as their top concern. This was more than double those who said their top concern was being the victim of a terrorist attack (18 percent) and twice the number who thought their own death or that of a loved one was their primary worry (22 percent).

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