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Mar 31, 2024
FICO Q2 2024 Earnings Report
FICO reported a strong second quarter with double-digit growth across all guided metrics and raised full year guidance.
Key Takeaways
FICO's second quarter fiscal year 2024 shows significant growth, with revenues increasing to $433.8 million from $380.3 million in the prior year period. The company reported GAAP EPS of $5.16 and non-GAAP EPS of $6.14. FICO is raising its full year guidance.
FICO's total revenue for the quarter was $433.8 million, up from $380.3 million in the prior year.
GAAP net income increased to $129.8 million, or $5.16 per share, compared to $101.6 million, or $4.00 per share, in the prior year.
Non-GAAP EPS for the quarter was $6.14, up from $4.78 in the prior year period.
The company is raising its full year guidance.
Forward Guidance
The company is updating its previously provided guidance for fiscal 2024 and now expects revenues of $1.690 billion, GAAP Net Income of $495 million, GAAP EPS of $19.70, Non-GAAP Net Income of $573 million, and Non-GAAP EPS of $22.80.
Positive Outlook
- Revenues are expected to be $1.690 billion.
- GAAP Net Income is projected to be $495 million.
- GAAP EPS is forecasted to be $19.70.
- Non-GAAP Net Income is anticipated to be $573 million.
- Non-GAAP EPS is estimated to be $22.80.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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