Industry News

Earnings soar at Fair Isaac

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Fair Isaac Corp., a developer of credit-scoring systems, reported a sizeable increase in profits for its fourth quarter in fiscal 2005. Net income for the fourth quarter of fiscal 2005 totaled $35.7 million, or $0.53 per diluted share, up approximately 60 percent from $14.4 million, or $0.19 per diluted share, reported in the same quarter last year. The company reported fourth-quarter revenues of $203.3 million in fiscal 2005, up 6.7 percent from $190.4 million reported in the prior-year period. Fourth-quarter fiscal 2004 results included an after-tax loss of $6.1 million, or $0.08 per diluted share, recorded in connection with the redemption of the company's convertible subordinated notes. For fiscal 2005, the company reported total revenues of $798.7 million, up 13.1 percent from $706.2 million last year. Net income totaled $134.5 million, or $1.86 per diluted share, up 30.8 percent from net income of $102.8 million, or $1.31 per diluted share, reported last year. Net income in f...