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Why Fair Isaac Stock Jumped 10% Today

TheMotleyFool

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Why Fair Isaac Stock Jumped 10% TodayPhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png

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

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