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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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SANTIAGO, July 20, 2017

Highlights:

  • FICO has opened an office in Santiago, which will serve as the main operations center for the Spanish-speaking countries of the Southern Cone of Latin America
  • Chile joins 23 other countries around the world where FICO has offices

Silicon Valley analytics software firm FICO is expanding its operations in Chile with the opening of its first office in Santiago. The office will serve customers in Chile, Argentina, Uruguay, Bolivia and Paraguay. FICO also has offices serving Latin America in Sao Paulo, Brazil and Miami, Florida.

FICO uses Big Data and mathematical algorithms to predict consumer behavior. Its products are used by financial services, health, insurance, telecommunications and other industries to manage risk, combat fraud, establish more profitable relationships with customers, optimize business processes and operations, and comply with strict government regulations in more than 100 countries in the world.

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