AI English summary of an SEC filing — figures as filed
Fair Isaac FICOThe company said total revenue rose to $433.8 million in the quarter ended March 31, 2024, up 14% from a year earlier, and operating income reached $194.8 million, up 22%. For the 6-month period, total revenue was $815.9 million, up 13%, and operating income was $346.2 million, up 15%.
Key points
AI summaryThe company said total revenue rose to $433.8 million in the quarter ended March 31, 2024, up 14% from a year earlier, and operating income reached $194.8 million, up 22%. For the 6-month period, total revenue was $815.9 million, up 13%, and operating income was $346.2 million, up 15%.
FICO said Scores segment revenue for the quarter rose to $236.9 million, up 19%. The company cited higher unit pricing as the main driver of the B2B scores revenue increase, which was partially offset by lower mortgage origination volume.
FICO said Annual Recurring Revenue (ARR) for its Software segment rose to $697.0 million as of March 31, 2024, up 14%, and that its Dollar-Based Net Retention Rate was 112%. Software segment revenue for the quarter increased $15.2 million, while professional services revenue decreased $7.4 million.
The company said operating cash flow for the 6 months was $193.2 million (compared with $182.2 million a year earlier), and share repurchases during the quarter totaled $179.5 million. Total debt was $2.0 billion as of March 31, 2024.
Key figures
Quarter ended March 31, 2024
- Revenue
- $434M
- Operating income
- $195M
- Net income
- $130M
- EPS
- $5.16
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Quarterly and 6-Month Revenue and Operating Income
The company said total revenue rose to $433.8 million in the quarter ended March 31, 2024, up 14% from a year earlier, and operating income reached $194.8 million, up 22%. For the 6-month period, total revenue was $815.9 million, up 13%, and operating income was $346.2 million, up 15%.
Source · Based on the MD&A text of the filing
Scores Segment Quarterly Revenue Growth and Company Explanation
FICO said Scores segment revenue for the quarter rose to $236.9 million, up 19%. The company cited higher unit pricing as the main driver of the B2B scores revenue increase, which was partially offset by lower mortgage origination volume.
Source · Based on the MD&A text of the filing
Software Segment ARR and Quarterly Revenue Mix Changes
FICO said Annual Recurring Revenue (ARR) for its Software segment rose to $697.0 million as of March 31, 2024, up 14%, and that its Dollar-Based Net Retention Rate was 112%. Software segment revenue for the quarter increased $15.2 million, while professional services revenue decreased $7.4 million.
Source · Based on the MD&A text of the filing
6-Month Cash Flow, Share Repurchases and Total Debt
The company said operating cash flow for the 6 months was $193.2 million (compared with $182.2 million a year earlier), and share repurchases during the quarter totaled $179.5 million. Total debt was $2.0 billion as of March 31, 2024.
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.
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