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FICO Announces Earnings for Third Quarter Fiscal 2017

31 de julho de 2017

FICO Announces Earnings for Third Quarter Fiscal 2017

Notícias corporativas 31 de julho de 2017

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 US$ 25,2 million, or US$ 0,78 per share, versus US$ 35 million, or US$ 1,08 per share, reported in the prior year period. The current quarter earnings include a reduction to income tax expense of US$ 2,7 million, or US$ 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 US$ 4,5 million, or US$ 0,09 per share after tax.

Net cash provided by operating activities for the quarter was US$ 72 million versus US$ 85,4 million in the prior year period.

Third Quarter Fiscal 2017 Non-GAAP Results

Non-GAAP Net Income for the quarter was US$ 37,4 million vs. US$ 46,8 million in the prior year period. Non-GAAP EPS for the quarter was US$ 1,16 vs. US$ 1,45 in the prior year period. Free cash flow for the quarter was US$ 66,8 million vs. US$ 80 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 US$ 231 million for the quarter as compared to US$ 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 US$ 90 million for the third consecutive quarter, and continuing to build a backlog of recurring revenue."

Revenues for the third quarter of fiscal 2017 across each of the company’s three operating segments were as follows:

  • Applications revenues, which include the company’s preconfigured decision management applications and associated professional services, were US$ 133,8 million in the third quarter, compared with US$ 141,6 million in the prior year quarter, a decrease of 5%. This was primarily due to decreased license sales in Fraud Management Solutions.
  • Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and business-to-consumer (B2C) service, were US$ 69,5 million in the third quarter, compared to US$ 61,1 million in the prior year quarter, an increase of 14%. B2B revenue increased 13% and B2C revenue increased 16% from the prior year quarter.
  • Decision Management Software revenues, which include FICO® Blaze Advisor®, FICO® Xpress Optimization and related professional services, were US$ 27,7 million in the third quarter compared to US$ 36,1 million in the prior year quarter, a decrease of 23%, due primarily to decreased license revenues of Blaze Advisor.

Outlook 

The company is updating its previously provided guidance for fiscal 2017 as a result of the impact of ASU 2016-09 on the current quarter to approximately:

  Previous Fiscal 2017 Guidance Quarter 3, 2017 Impact of ASU 2016-09

New Fiscal 2017 Guidance

Revenue US$ 925 million - US$ 925 million
GAAP Net Income US$ 130 million US$ 3 million US$ 133 million
GAAP Earnings Per Share  US$ 4,03 US$ 0,08 US$ 4,11
Non-GAAP Net Income US$ 158 million - US$ 158 million
Non-GAAP Earnings Per Share US$ 4,92 - US$ 4,92

The non-GAAP financial measures are described in the financial table captioned “Reconciliation of Non-GAAP Guidance.”

Company to Host Conference Call

The company will host a webcast today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to report its third quarter fiscal 2017 results and provide various strategic and operational updates. The call can be accessed at FICO's Web site at www.FICO.com/investors. A replay of the webcast will be available through July 31, 2018.

The webcast will also be distributed through the Thomson StreetEvents Network to both institutional and individual investors. The webcast can be accessed via Thomson’s password-protected event management site, StreetEvents (www.streetevents.com).

Sobre a FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 170 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2,6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at http://www.fico.com

Join the conversation at https://twitter.com/fico & http://www.fico.com/en/blogs/

FICO and Blaze Advisor are registered trademarks of Fair Isaac Corporation in the U.S. and other countries.

Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company's Decision Management strategy and reengineering initiative, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions or in the markets we serve, and other risks described from time to time in FICO's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2016 and Form 10-Q for the quarter ended June 30, 2017. If any of these risks or uncertainties materializes, FICO's results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

Download the FICO Announces Earnings for Third Quarter Fiscal 2017

Media Contact:
Greg Jawski
Porter Novelli for FICO
+1 212-601-8248
greg.jawski@porternovelli.com
Investors/Analysts:
Steven Weber
O FICO
+1 800-213-5542
investor@fico.com

Contatos da sala de imprensa

Greg Jawski
Américas

greg.jawski@porternovelli.com
+1 212-601-8248

Darcy Sullivan
Europa, Oriente Médio e África

dsullivan@fico.com
+44 (0) 209-940-8719

Saxon Shirley
Pacífico Asiático

saxonshirley@fico.com
+65 6422-7795

Marisa Arribas
América Latina

marisaarribas@fico.com
+1 786 482 7231

Camila Placa
Brasil

camilaplaca@fico.com
+55 11 5189-8258