Industry News

Fair Isaac profits sink

Fourth-quarter revenue climbs
Published on Nov 11, 2004

Fair Isaac Corp., a developer of credit-scoring systems, on Wednesday reported sinking profits, despite gains in quarterly revenue. The company had fourth-quarter revenues of $190.4 million, up from $161 million during the same quarter last year. Revenues for fiscal 2004 totaled $706.2 million, compared with $629.3 million a year ago. Net income for the fourth quarter of fiscal 2004 totaled $14.4 million, or 20 cents per share, on 71.3 million diluted shares outstanding, compared with net income of $31.7 million, or 42 cents per share, on 78.6 million diluted shares outstanding reported in the same quarter last year. Net income for fiscal 2004 totaled $102.8 million, or $1.41 per share, on 73 million diluted shares outstanding, compared with $107.2 million, or $1.41 per share, on 76 million diluted shares outstanding reported in fiscal 2003. All earnings per share figures reflect the company's three-for-two stock split, which took effect March 10, 2004. "While 2004 has been a c...

Comments