Revenue of $200 million vs. $190 million in prior year
SAN JOSE, Calif. – January 28, 2016 - FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its first fiscal quarter ended December 31, 2015.
First Quarter Fiscal 2016 GAAP Results
Net income for the quarter totaled $19.2 million, or $0.59 per share, versus $14.4 million, or $0.43 per share, reported in the prior year period.
First Quarter Fiscal 2016 Non-GAAP Results
Non-GAAP net income for the quarter was $32.1 million vs. $22.6 million in the prior year period. Non-GAAP EPS for the quarter was $0.99 vs. $0.68 in the prior year period. Free cash flow for the quarter was $35.6 million vs. negative $4.9 million in the prior year period. The non-GAAP financial measures are described in the financial table captioned “Non-GAAP Results” and are reconciled to the corresponding GAAP results in the financial tables at the end of this release.
First Quarter Fiscal 2016 GAAP Revenue
The company reported revenues of $200.1 million for the quarter as compared to $189.5 million reported in the prior year period, an increase of 6%.
“We’re off to a good start in 2016, as we continue to deliver both top- and bottom-line growth,” said Will Lansing, chief executive officer. “Our Scores segment is performing particularly well, as we’re seeing increased demand on both the B2B and B2C markets.”
London — 28 January, 2016
- VITALIS and SIBTEL have created a cloud-based multi-client solution for anti-money laundering in Tunisia
- The solution is based on technology from FICO TONBELLER
- VITALIS and SIBTEL have won the first FICO Decision Management Award for Regulatory Compliance
VITALIS, in partnership with FICO, has developed and deployed an advanced anti-money laundering (AML) solution, hosted by SIBTEL in its cloud to be used by banks across Tunisia. The solution is now in daily use at four large pilot banks. SIBTEL and VITALIS have won the first FICO Decision Management Award for Regulatory Compliance with this solution.
SIBTEL, the “Societé Interbancaire de Telecompensation”, was founded in 1999 by 14 banks, including the Tunisian Central Bank. In order to help the nation’s banks comply with AML regulations, SIBTEL sought a solution that could be installed in the cloud as a managed service.
The solution integrates the Siron® Anti-Financial Crime Solutions Suite from FICO TONBELLER, the Dow Jones Watchlist for screening PEP (politically exposed persons) and the VITALIS solution for managing Swift archives. The solution was implemented with a team of two consultants in just three months.
LONDON — January 27, 2016
Bank Zachodni WBK, part of the Santander Group, will be the first bank in Poland to implement FICO® Debt Manager™ 9, the latest version of FICO’s platform for collections and recovery. A long-time user of Debt Manager, Bank Zachodni WBK plans to use the system’s new features — which include real-time responses to events, a consolidated view of the customer and support for additional data types — to maintain tight control over its collections activities, ensuring regulatory compliance and positive customer treatment while collecting more overdue debt.
Bank Zachodni WBK also uses FICO® Customer Communication Services as a supplement to its standard collections and recovery process, offering customers automated missed payment resolution via phone.