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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.
FICO
FICO
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.