{"id":522532,"date":"2021-08-03T16:19:50","date_gmt":"2021-08-03T20:19:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fico-announces-earnings-of-5-18-per-share-for-third-quarter-fiscal-2021\/"},"modified":"2021-08-03T16:19:50","modified_gmt":"2021-08-03T20:19:50","slug":"fico-announces-earnings-of-5-18-per-share-for-third-quarter-fiscal-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fico-announces-earnings-of-5-18-per-share-for-third-quarter-fiscal-2021\/","title":{"rendered":"FICO Announces Earnings of $5.18 per Share for Third Quarter Fiscal 2021"},"content":{"rendered":"
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Revenue of $338 million vs. $314 million in prior year<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SAN JOSE, Calif.<\/span>, Aug. 3, 2021<\/span> \/PRNewswire\/ — FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its third fiscal quarter ended June 30, 2021<\/span>.<\/p>\n

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\n \"FICO
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\n Third Quarter Fiscal 2021 GAAP Results
<\/b>Net income for the quarter totaled $151.2 million<\/span>, or $5.18<\/span> per share, versus $64.1 million<\/span>, or $2.15<\/span> per share, in the prior year period. The results included a pre-tax gain of $92.8 million<\/span> on the previously-announced sale of the Debt Collections and Recovery product line, or $2.52<\/span> per share after tax.<\/p>\n

Net cash provided by operating activities for the quarter was $100.6 million<\/span> versus $106.9 million<\/span> in the prior year period.<\/p>\n

\n Third Quarter Fiscal 2021 Non-GAAP Results
<\/b>Non-GAAP Net Income for the quarter was $98.8 million<\/span> versus\u00a0$76.7 million in the prior year period. Non-GAAP EPS for the quarter was $3.38<\/span> versus\u00a0$2.58 in the prior year period.\u00a0Free cash flow was $99.0 million<\/span> for both the current quarter and\u00a0the prior year period.\u00a0The Non-GAAP financial measures are described in the financial table captioned “Non-GAAP Results” and are reconciled to the corresponding GAAP results in the financial tables at the end of this release.<\/p>\n

\n Third Quarter Fiscal 2021 GAAP Revenue
<\/b>The company reported revenues of $338.2 million<\/span> for the quarter as compared to $313.7 million<\/span> reported in the prior year period.<\/p>\n

“I’m pleased to report we delivered another solid quarter,”\u00a0said Will Lansing<\/span>, chief executive officer. “We had another record Scores quarter, and are making great progress in our SaaS transition.”<\/p>\n

Revenues for the third quarter of fiscal 2021 across each of the company’s three operating segments were as follows:<\/p>\n