Why Fair Isaac Stock Jumped 10% Today
Shares of Fair Isaac (NYSE: FICO) climbed more than 10% on Tuesday, following the release of the predictive-analytics and decision-management software company's fiscal fourth-quarter results.
FICO's revenue jumped 19% year to year to $305.3 million, besting Wall Street's expectations for revenue of $287.7 million. The gains were broad-based; revenue in its applications, scores, and decision-management segments rose 8%, 30%, and 41%, respectively.
Profit growth was even more impressive. Its non-GAAP (adjusted) net income surged 48% to $60.8 million, while its non-GAAP earnings per share -- which were boosted by share repurchases -- increased 50% to $2.01. That was well above analysts' estimates for adjusted EPS of $1.71.
Source Fool.com
