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Dec 31, 2019
FICO Q1 2020 Earnings Report
FICO reported first quarter fiscal 2020 results with revenue increasing and EPS exceeding expectations.
Key Takeaways
FICO announced a strong start to fiscal year 2020, achieving double-digit revenue growth. The company reported revenues of $298.5 million and GAAP EPS of $1.82 for the first quarter.
FICO's first quarter revenue reached $298.5 million, up from $262.3 million in the prior year.
GAAP net income was $54.9 million, or $1.82 per share, compared to $40.0 million, or $1.32 per share, in the prior year period.
Non-GAAP EPS for the quarter was $1.80 versus $1.45 in the prior year period.
The company is reiterating its previously provided guidance for fiscal 2020 with revenues of $1.245 billion and GAAP EPS of $6.75.
FICO
FICO
Forward Guidance
The company is reiterating its previously provided guidance for fiscal 2020