\nFICO (NYSE:FICO), a global analytics software leader, today announced results for its first fiscal quarter ended December 31, 2024.<\/p>\n
First Quarter Fiscal 2025 GAAP Results<\/b><\/p>\n
\nNet income for the quarter totaled $152.5 million, or $6.14 per share, versus $121.1 million, or $4.80 per share, in the prior year period.<\/p>\n
\nNet cash provided by operating activities for the quarter was $194.0 million versus $122.1 million in the prior year period.<\/p>\n
First Quarter Fiscal 2025 Non-GAAP Results<\/b><\/p>\n
\nNon-GAAP Net Income for the quarter was $143.8 million versus $121.2 million in the prior year period. Non-GAAP EPS for the quarter was $5.79 versus $4.81 in the prior year period. Free cash flow was $186.8 million for the current quarter versus $120.8 million in the prior year period. The Non-GAAP financial measures are described in the financial table captioned \u201cNon-GAAP Results\u201d and are reconciled to the corresponding GAAP results in the financial tables at the end of this release.<\/p>\n
First Quarter Fiscal 2025 GAAP Revenue<\/b><\/p>\n
\nThe company reported revenues of $440.0 million for the quarter as compared to $382.1 million reported in the prior year period, an increase of 15%.<\/p>\n
\n\u201cWe had a good start to our fiscal year, with strong top and bottom-line growth,\u201d said Will Lansing, chief executive officer. \u201cWe reiterate our fiscal year 2025 guidance, which includes double-digit percentage growth for both revenue and earnings.\u201d<\/p>\n
\nRevenues for the first quarter of fiscal 2025 for the company\u2019s two operating segments were as follows:<\/p>\n
- \n
- Scores<\/i> revenues, which include the company\u2019s business-to-business (B2B) scoring solutions, and business-to-consumer (B2C) solutions, were $235.7 million in the first quarter, compared to $192.1 million in the prior year period, an increase of 23%. B2B revenue increased 30%, driven largely by higher unit prices and an increase in volume of mortgage originations. B2C revenue increased 3% from the prior year period due to increased revenue from our indirect channel partners.\n<\/li>\n
- Software<\/i> revenues, which include the company\u2019s analytics and digital decisioning technology, were $204.3 million in the first quarter, compared to $189.9 million in the prior year period, an increase of 8%, mainly due to increased recurring revenue and license revenue. Software Annual Recurring Revenue was up 6% year-over-year, consisting of 20% platform ARR growth and 1% growth in non-platform. The Software Dollar-Based Net Retention Rate was 105% on December 31, 2024, with platform software at 112% and non-platform software at 100%.\n<\/li>\n<\/ul>\n
Outlook<\/b><\/p>\n
\nWe reiterate the following guidance for fiscal 2025:<\/p>\n
- Software<\/i> revenues, which include the company\u2019s analytics and digital decisioning technology, were $204.3 million in the first quarter, compared to $189.9 million in the prior year period, an increase of 8%, mainly due to increased recurring revenue and license revenue. Software Annual Recurring Revenue was up 6% year-over-year, consisting of 20% platform ARR growth and 1% growth in non-platform. The Software Dollar-Based Net Retention Rate was 105% on December 31, 2024, with platform software at 112% and non-platform software at 100%.\n<\/li>\n<\/ul>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20250204455264\/en\/2329913\/3\/fico-logo-coreblue-large.jpg\"){kind=logo}
<\/td>\n<\/tr>\n