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Dec 31, 2023
FICO Q1 2024 Earnings Report
FICO reported strong first quarter fiscal 2024 results, with revenue of $382.1 million and EPS of $4.80.
Key Takeaways
FICO announced a strong start to fiscal year 2024, with revenue increasing to $382.1 million compared to $344.9 million in the prior year period. GAAP EPS was reported at $4.80, and the company reiterated its fiscal year 2024 guidance, expecting double-digit percentage revenue and EPS growth.
FICO reported a revenue of $382.1 million for the quarter, up from $344.9 million in the prior year period.
The company's GAAP EPS for the quarter was $4.80, compared to $3.84 in the prior year period.
Scores revenues increased by 8% to $192.1 million, driven by a 12% increase in B2B revenue.
Software revenues increased by 14% to $190.0 million, driven by increased recurring revenue.
Forward Guidance
The company is re-iterating its previously provided guidance for fiscal 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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