The company said total revenue for the quarter ended December 31, 2023 was $382.1 million, up 11% from a year earlier. Operating income was $151.4 million (up 8%), net income was $121.1 million (up 24%), and diluted EPS was $4.80 (up 25%).

10-QQuarterly reportFiled Jan 25, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said total revenue for the quarter ended December 31, 2023 was $382.1 million, up 11% from a year earlier. Operating income was $151.4 million (up 8%), net income was $121.1 million (up 24%), and diluted EPS was $4.80 (up 25%).
The company said Scores segment revenue for the quarter was $192.1 million, up 8%. It cited higher unit price as the main driver of the increase in B2B scores revenue. Annual Recurring Revenue for the Software segment was $687.7 million as of December 31, up 18%, and Dollar-Based Net Retention Rate for the Software segment was 114% for the quarter.
The company said operating cash flow for the quarter was $122.1 million, compared with $92.4 million a year earlier, and cited a $23.4 million increase in net income among the factors behind the rise. It said it repurchased shares for $71.7 million in the same quarter, and that $48.8 million remained under the stock repurchase program in effect as of December 31.
The company said its effective tax rate for the quarter was 7.3% (17.2% a year earlier) and noted the favorable impact of the excess tax benefit related to stock awards. As of December 31, borrowings outstanding under the revolving line of credit were $403.0 million, and the outstanding balance of the term loan was $270.0 million.

Key figures

Quarter ended December 31, 2023

Revenue: $382M
Operating income: $151M
Net income: $121M
EPS: $4.80
Operating cash flow: $122M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue, Operating Income and Net Income

The company said total revenue for the quarter ended December 31, 2023 was $382.1 million, up 11% from a year earlier. Operating income was $151.4 million (up 8%), net income was $121.1 million (up 24%), and diluted EPS was $4.80 (up 25%).

Source · Based on the MD&A text of the filing

Scores and Software Segment Metrics

The company said Scores segment revenue for the quarter was $192.1 million, up 8%. It cited higher unit price as the main driver of the increase in B2B scores revenue. Annual Recurring Revenue for the Software segment was $687.7 million as of December 31, up 18%, and Dollar-Based Net Retention Rate for the Software segment was 114% for the quarter.

Source · Based on the MD&A text of the filing

Operating Cash Flow and Share Repurchases

The company said operating cash flow for the quarter was $122.1 million, compared with $92.4 million a year earlier, and cited a $23.4 million increase in net income among the factors behind the rise. It said it repurchased shares for $71.7 million in the same quarter, and that $48.8 million remained under the stock repurchase program in effect as of December 31.

Source · Based on the MD&A text of the filing

Effective Tax Rate and Debt Position

The company said its effective tax rate for the quarter was 7.3% (17.2% a year earlier) and noted the favorable impact of the excess tax benefit related to stock awards. As of December 31, borrowings outstanding under the revolving line of credit were $403.0 million, and the outstanding balance of the term loan was $270.0 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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