Loading...
•
Dec 31, 2022
FICO Q1 2023 Earnings Report
FICO reported a strong start to fiscal year 2023 with increased revenue and earnings growth.
Key Takeaways
FICO announced its Q1 2023 results, with a revenue of $344.9 million compared to $322.4 million in the prior year. The company reported GAAP earnings per share of $3.84 and non-GAAP EPS of $4.26. Net income for the quarter totaled $97.6 million, and the company is reiterating its fiscal year 2023 guidance.
FICO's Q1 revenue increased to $344.9 million from $322.4 million in the prior year.
GAAP net income for the quarter was $97.6 million, or $3.84 per share.
Non-GAAP EPS for the quarter reached $4.26, compared to $3.70 in the prior year period.
The company is reiterating its fiscal 2023 revenue guidance of $1.463 billion and GAAP EPS of $16.00.
FICO
FICO
Forward Guidance
The company is reiterating the following guidance for fiscal 2023:
Positive Outlook
- Revenues are expected to be $1.463 billion.
- GAAP Net Income is projected to be $401 million.
- GAAP EPS is estimated at $16.00.
- Non-GAAP Net Income is guided to be $487 million.
- Non-GAAP EPS is expected to be $19.42.