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July 25, 2014

FICO Announces Earnings of USD 0,58 per Share for Third Quarter Fiscal 2014

July 25, 2014

Revenue of USD 198 million vs. USD 184 million in prior year

SAN JOSE, Calif.—July 24, 2014—FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its third fiscal quarter ended June 30, 2014.

Third Quarter Fiscal 2014 GAAP Results
Net income for the quarter totaled USD 20,5 million, or USD 0,58 per share, versus USD 19,6 million, or USD 0,54 per share, reported in the prior year period.

Third Quarter Fiscal 2014 Non-GAAP Results
Non-GAAP Net Income for the quarter was USD 29,2 million vs. USD 29,3 million in the prior year period. Non-GAAP EPS for the quarter was USD 0,83 vs. USD 0,8 in the prior year period. Free cash flow for the quarter was USD 25,3 million vs. USD 27,2 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.

Third Quarter Fiscal 2014 GAAP Revenue
The company reported revenues of USD 197,6 million for the quarter as compared to USD 183,8 million reported in the prior year period, an increase of 8 %.

"Our year-over-year revenues increased throughout our Applications business lines, as we drove solid growth in license sales and services revenue," said Will Lansing, chief executive officer. "We continue to use our strong cash flows to fund our long-term strategic initiatives and fund our share repurchase plan."

Revenues for the third quarter fiscal 2014 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 USD 129,9 million in the third quarter compared to USD 115 million in the prior year quarter, an increase of 13 %. This was due to increased license and services revenue in Banking Fraud, Marketing and Originations Solutions and an increase in transactional revenue in Mobility.
  • Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and the myFICO® business-to-consumer (B2C) service, were USD 45,3 million in the third quarter compared to USD 47,2 million in the prior year quarter, a decrease of 4 %. The B2C revenue increased 6 % while the B2B revenue decreased 7 % from the prior year quarter.
  • Tools revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were USD 22,4 million in the third quarter compared to USD 21,6 million in the prior year quarter, an increase of 4 %, due to increased license and services revenue of Blaze Advisor.

Outlook
The company is updating its previously provided guidance for fiscal 2014, which follows:

 

New Fiscal 2014
Guidance

Previous Fiscal 2014 Guidance

 Revenue

USD 773 million - USD 776 million

USD 763 million - USD 773 million

 GAAP Net Income

USD 88 million - USD 90 million

USD 91 million - USD 94 million

 GAAP Earnings Per Share

USD 2,53 - USD 2,6

USD 2,5-USD 2,6

 Non-GAAP Net Income

USD 122 million - USD 124 million

USD 125 million - USD 128 million

 Non-GAAP Earnings
 Per Share

USD 3,51 - USD 3,56

USD 3,46-USD 3,56

The Non-GAAP financial measures are described in the financial table captioned “Non-GAAP Results”.

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 2014 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 24, 2015.

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 FICO
FICO (NYSE:FICO) delivers superior predictive analytics that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with the industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharma businesses and government agencies rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com. Learn more at www.fico.com. FICO: Make every decision count.

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, 2013 and Form 10-Q for the quarter ended March 31, 2014. 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.

Fair Isaac Corporation Q3 Fiscal Year 2014 Earnings Release Financials

Contactos de la sala de prensa

Greg Jawski
Américas

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

Darcy Sullivan
Europa, Oriente Medio y África

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

Saxon Shirley
Asia Pacífico

saxonshirley@fico.com
+65 6422-7795

Marisa Arribas
Latinoamérica

marisaarribas@fico.com
+1 786 482 7231

Milla Delfino
América Latina

milladelfino@fico.com
+55 11 97673-6583