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Dec 31, 2020
FICO Q1 2021 Earnings Report
FICO's Q1 2021 earnings were announced, with revenue increasing and strong earnings growth driven by the transition to a SaaS platform.
Key Takeaways
FICO reported a revenue of $312.4 million for Q1 2021, compared to $298.5 million in the prior year period. The company's net income was $86.5 million, or $2.90 per share, versus $54.9 million, or $1.82 per share, in the prior year period. Non-GAAP EPS was $2.74 versus $1.80 in the prior year period.
FICO's Q1 2021 revenue increased to $312.4 million from $298.5 million in the prior year.
Net income for the quarter totaled $86.5 million, or $2.90 per share.
Non-GAAP EPS for the quarter was $2.74, compared to $1.80 in the prior year period.
The company is transitioning to a SaaS platform, contributing to strong earnings growth.
Forward Guidance
The company will host a webcast today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to report its first quarter fiscal 2021 results and provide various strategic and operational updates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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