We maintain the 2021 Long-Term Incentive Plan (the "2021 Plan") under which we grant equity awards, including stock options, stock appreciation rights, restricted stock awards, stock unit awards and other share-based awards. All employees, consultants and advisors of FICO or any subsidiary, as well as all non-employee directors, are eligible to receive awards under the 2021 Plan. Stock option awards have a maximum term of ten years. In general, stock option awards and stock unit awards not subject to market ...

BOZEMAN, Mont.--(BUSINESS WIRE)--FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that its Board of Directors has approved a stock repurchase program to acquire up to $500 million of the company’s outstanding common stock. This new program was approved following completion of FICO’s previous stock repurchase program, which was in effect from October 2022 until adoption of the new program in January 2024. The new stock repurchase program, which is ope ...

Fair Isaac (FICO) is scheduled to report its first-quarter fiscal 2024 results on Jan 25.The Zacks Consensus Estimate for first-quarter fiscal 2024 revenues is pegged at $386.55 million, suggesting an increase of 12.09% from the year-ago quarter’s reported figure.The consensus mark for earnings is pegged at $4.83 per share, indicating growth of 13.38% from the year-ago quarter’s reported number.The company beat the Zacks Consensus Estimate for earnings in two of the trailing four quarters while missing the ...

The upcoming report from Fair Isaac (FICO) is expected to reveal quarterly earnings of $4.83 per share, indicating an increase of 13.4% compared to the year-ago period. Analysts forecast revenues of $386.55 million, representing an increase of 12.1% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Z ...

Fair Isaac (FICO) shares have been on a bull run, thanks to a robust portfolio and an expanding clientele. In the trailing 12 months, the company’s shares have moved up 100.4%, outperforming the Zacks Computer & Technology’s return of 45.3%.FICO is benefiting from the strong adoption of its FICO Scores. The most updated scores — FICO Score 10 and 10 T — were launched by Fair Isaac in January 2020, while FICO Score 9 and FICO Score 8 are the most distributed scores currently.FICO’s Score business remains a d ...

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]

We are subject to a number of U.S. federal, state, local and foreign laws and regulations that involve matters central to our business. Laws and governmental regulation affect how our business is conducted and, in some cases, subject us to the possibility of government supervision or enforcement and future lawsuits arising from our products and services. Laws and governmental regulations also influence our current and prospective customers' activities, as well as their expectations and needs in relation to ...