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FICO
🇺🇸 NYSE:FICO
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•
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.

Total Revenue
$345M
Previous year: $322M
+7.0%
EPS
$4.26
Previous year: $3.7
+15.1%
Gross Profit
$268M
Previous year: $253M
+6.0%
Cash and Equivalents
$140M
Previous year: $162M
-13.8%
Free Cash Flow
$91.6M
Previous year: $124M
-26.1%
Total Assets
$1.46B
Previous year: $1.46B
-0.3%

FICO

FICO

FICO Revenue by Segment

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View FICO