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Dec 31, 2021

FICO Q1 2022 Earnings Report

FICO reported earnings per share of $3.09 for the first quarter of fiscal year 2022.

Key Takeaways

FICO announced its first-quarter fiscal year 2022 results with a revenue of $322.4 million compared to $312.4 million in the prior year. The company reported a GAAP EPS of $3.09 and a non-GAAP EPS of $3.70.

Delivered 10% Annual Recurring Revenue (ARR) growth in the Software segment.

Scores segment continues to perform very well.

B2B revenue increased 13%, driven largely by unit price increases.

B2C revenue increased 27% from the prior year period due to higher volumes at myFICO.com, as well as through our partners.

Total Revenue
$322M
Previous year: $312M
+3.2%
EPS
$3.7
Previous year: $2.74
+35.0%
Gross Profit
$253M
Previous year: $223M
+13.6%
Cash and Equivalents
$162M
Previous year: $145M
+12.1%
Free Cash Flow
$124M
Previous year: $74.9M
+65.5%
Total Assets
$1.46B
Previous year: $1.58B
-7.2%

FICO

FICO

FICO Revenue by Segment

Forward Guidance

The company is reiterating its previously provided guidance for fiscal 2022.

Positive Outlook

  • Revenues $1.35 billion
  • GAAP Net Income $318 million
  • GAAP EPS $11.29
  • Non GAAP Net Income $397 million
  • Non GAAP EPS $14.12

Revenue & Expenses

Visualization of income flow from segment revenue to net income