BOZEMAN, Mont.--(BUSINESS WIRE)--Global analytics software leader FICO is expanding its FICO® Educational Analytics Challenge to students at Delaware State University, the third Historically Black College and University (HBCU) to adopt the program. This semester’s Analytics Challenge at Delaware State focuses on identifying and mitigating bias in data and decision models using a historical lending data. The FICO® Educational Analytics Challenge was created to amplify diversity, equity and inclusion in da ...

SAN JOSE, Calif.--(BUSINESS WIRE)--CrossCountry Mortgage (CCM), the nation’s number three retail mortgage lender, has adopted FICO® Score 10 T. As a forward-thinking industry trailblazer, the lender will use FICO’s newest, most innovative, and most predictive scoring model to support origination and decision making for non-confirming loans, ultimately helping more consumers realize the dream of homeownership. Additionally, CCM is the first mortgage lender to commit to issuing mortgage-backed securities ( ...

Financial Data and Key Metrics - Full year non-GAAP net income was $500 million, up 10% YoY, with non-GAAP earnings per share of $19.71, up 14% YoY [5] - Q4 free cash flow reached a record $163 million, with full-year free cash flow of $465 million [5] - Q4 revenue was $390 million, up 12% YoY, while full-year revenue was $1.514 billion, up 10% YoY [9][13] - GAAP net income for Q4 was $101 million, up 12% YoY, and full-year GAAP net income was $429 million, up 15% YoY [13][35] - Non-GAAP operating margin was 51% for both Q4 and the full year, with a 300 basis points expansion for the fiscal year [34] Business Line Data and Key Metrics - Scores segment Q4 revenue was $196 million, up 12% YoY, with full-year revenue of $774 million, up 10% YoY [87][88] - Software segment Q4 revenue was $194 million, up 11% YoY, with full-year revenue of $740 million, up 10% YoY [15][29] - B2B revenues in Q4 were up 21% YoY, driven by mortgage originations, while B2C revenues were down 6% YoY [87][88] - Total software ARR grew 22% YoY to $669 million, with platform ARR growing 53% and non-platform ARR growing 14% [95] Market Data and Key Metrics - Americas region contributed 85% of total revenues, EMEA 9%, and Asia Pacific 6% [30] - Mortgage origination revenues in Q4 were up 147% YoY, accounting for 24% of scores revenues and 12% of total company revenues [14] - Auto origination revenues were up 2% YoY, while credit card and personal loan origination revenues were down 2% YoY [14] Company Strategy and Industry Competition - FICO Score 10 T is gaining traction, with Movement Mortgage adopting it for nonconforming loans, enhancing risk evaluation and cash flow projection [6][27] - The company continues to invest in its FICO Platform, with strong demand and recognition as a leader in AI decisioning platforms [28] - The land-and-expand strategy is driving growth in ARR and NRR, with platform NRR at 145% and non-platform NRR at 111% [7][31] Management Commentary on Operating Environment and Future Outlook - Management expects double-digit growth in both revenue and earnings for fiscal 2024, with revenue guidance of $1.675 billion, up 11% YoY [41] - The company plans to invest in cybersecurity and accelerate the development and distribution of the FICO Platform [89] - Pricing initiatives in fiscal 2024 are expected to have an additional impact beyond guided numbers, though timing and magnitude remain uncertain [40] Other Important Information - The company repurchased 615,000 shares in fiscal 2023 at an average price of $659 per share, totaling $406 million [5][37] - Total debt at quarter-end was $1.86 billion, with a weighted average interest rate of 5.1%, and 70% of the debt is fixed rate [36] - The effective tax rate for fiscal 2023 was 22%, with expectations for fiscal 2024 to remain around 22% [96] Q&A Session Summary Question: 2024 Revenue and EPS Guidance - Management expects lower origination volumes in 2024 compared to 2023, with flat volumes from current levels [21] - Pricing initiatives, including incremental pricing on mortgages, are expected to contribute to growth [20] Question: Expense Growth in 2024 - Expense growth is expected to be moderate, with investments in software, platform development, and cybersecurity [45] Question: Mortgage Pricing Tiers - Management did not provide specific details on mortgage pricing tiers but confirmed that pricing increases are fair and appropriate for the market [100] Question: Software ARR Growth - Software ARR growth accelerated to 22% in Q4, driven by enterprise platform customers and increased usage [64] Question: Sales Cycle Shortening - The sales cycle has shortened significantly, from over a year to two-thirds of that, due to increased demand and operational efficiency [51][68] Question: Software Expense Increase - Q4 software expenses were slightly higher due to one-time incentives and investments, but the run rate is not expected to increase significantly [69] Question: Pricing Assumptions in Guidance - Guidance includes CPI-like pricing increases but excludes specialty pricing due to uncertainty in timing and magnitude [70] Question: Leadership Changes in Software Business - Stephanie Covert, who led the software business, has departed, and CEO Will Lansing will temporarily oversee the division [97][81] Question: Software Growth Components - Software growth is driven by strong demand, a robust pipeline, and increased customer usage, with platform growth expected to continue [58] Question: Debt Management - The company plans to maintain its current debt levels, with flexibility to reduce floating rate debt balances using free cash flow [60]

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Fair Isaac Corporation (NYSE:FICO) Q3 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants William Lansing - President, CEO & Director Steven Weber - CFO Conference Call Participants Manav Patnaik - Barclays Bank Faiza Alwy - Deutsche Bank Surinder Thind - Jefferies Rajiv Bhatia - Morningstar Inc. Jeffrey Meuler - Robert W. Baird & Co. George Tong - Goldman Sachs Group Kyle Peterson - Needham & Company Operator Greetings, and welcome to the Fair Isaac Corporation Quarterly Earnings C ...

FORM 10-Q For the transition period from to Securities registered pursuant to Section 12(b) of the Act: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 94-1499887 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 5 West Mendenhall, Suite 105 59715 Bozeman, Montana (Address of principal executive offices) (Zip Code) Large accelerated fil ...

Fair Isaac Corporation (NYSE:FICO) Q2 2023 Earnings Conference Call April 27, 2023 5:00 PM ET Company Participants William Lansing - CEO Steven Weber - Vice President and Interim CFO Conference Call Participants Faiza Alwy - Deutsche Bank Manav Patnaik - Barclays Kyle Peterson - Needham Surinder Thind - Jefferies George Tong - Goldman Sachs Ashish Sabadra - RBC Capital Markets Jeff Meuler - Baird Operator Greetings and welcome to the Fair Isaac Corporation Quarterly Earnings Call. [Operator Instructions] As ...

March 31, 2023 © 2022 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation's express consent. 14 © 2022 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation's express consent. Total ACV Bookings $ 11.0 $ 24.5 $ 16.4 $ 20.2 $ 18.7 $ 29.2 $ 21.5 $ 23.3 Annual Contract Value Bookings (ACV Bookings) are the ...

Table of Contents FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 For the transition period from to Delaware 94-1499887 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 5 West Mendenhall, Suite 105 59715 Bozeman, Montana (Address of principal executive offices) (Zip Code) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☐ TRANS ...

Fair Isaac Corporation (NYSE:FICO) Q1 2023 Earnings Conference Call January 26, 2023 5:00 PM ET Company Participants Steve Weber - Vice President and Interim Chief Financial Officer William Lansing - Chief Executive Officer Conference Call Participants George Tong - Goldman Sachs Surinder Thind - Jefferies LLC Kyle Peterson - Needham & Company, LLC Manav Patnaik - Barclays Bank PLC Ashish Sabadra - RBC Capital Markets Faiza Alwy - Deutsche Bank AG Operator Greetings, and thank you for standing by. Welcome t ...