BY ROY ALBERT ANDRADE, K1LLER, Inc.
SAN JOSE, CALIFORNIA - FICO (NYSE: FICO) is a California-based data analytics company responsible for assisting a wide-range of different businesses in over 90 countries make informed decisions to help boost profits and has transformed entire industries across the globe. Today, FICO announced results for its first fiscal quarter ended December 31, 2017.
"We're off to a good start in 2018, as we continue to expand our recurring revenue base," said Will Lansing, chief executive officer. "Our Scores segment is performing particularly well, as we drive growth in both B2B and B2C."
First Quarter Fiscal 2018 GAAP Results
Net income for the quarter totaled $27.3 million, or $0.86 per share, versus $37.9 million, or $1.16 per share, reported in the prior year period.
First Quarter Fiscal 2018 Non-GAAP Results
Non-GAAP Net Income for the quarter was $41.1 million vs. $33.5 million in the prior year period. Non-GAAP EPS for the quarter was $1.30 vs. $1.03 in the prior year period.
First Quarter Fiscal 2018 GAAP Revenues
The company reported revenues of $235.3 million for the quarter as compared to $219.6 millionreported in the prior year period.
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 first quarter fiscal 2018. Visit FICO's web site at www.FICO.com/investors.
Shawn W. Anderson