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Mar 31, 2023
FICO Q2 2023 Earnings Report
FICO's Q2 2023 earnings were announced, revealing increased revenue and EPS compared to the prior year.
Key Takeaways
FICO reported a strong second quarter in fiscal year 2023, marked by record scores revenues and robust software ARR growth. The company's total revenue increased to $380.3 million, up from $357.2 million in the prior year. GAAP EPS reached $4.00, and non-GAAP EPS was $4.78, reflecting the company's continued growth and profitability.
FICO's Q2 revenue reached $380.3 million, compared to $357.2 million in the prior year.
GAAP net income was $101.6 million, or $4.00 per share.
Non-GAAP EPS was $4.78, compared to $4.68 in the prior year period.
Software ARR grew 17% year-over-year.
FICO
FICO
Forward Guidance
The company is updating its previously provided guidance for fiscal 2023.
Positive Outlook
- Revenue guidance increased from $1.463 billion to $1.48 billion.
- GAAP Net Income guidance increased from $401 million to $406 million.
- GAAP EPS guidance increased from $16.00 to $16.15.
- Non-GAAP Net Income guidance increased from $487 million to $489 million.
- Non-GAAP EPS guidance increased from $19.42 to $19.45.