April 25 (Reuters) - Credit scoring giant Fair Isaac
Corp ( FICO ) posted a rise in second-quarter profit on
Thursday, helped by robust demand for its scores and software
businesses.
The seven-decade-old company is best known for its FICO
Score, the standard measure of consumer credit risk used by
banks, credit card issuers, mortgage lenders and auto loan
providers.
The company's scores segment revenue surged 19.3% to $236.9
million, driven largely by higher unit prices.
Revenue from its software unit, which sells analytics and
data technologies to businesses, rose to $196.9 million from
$181.8 million a year earlier.
The company reported an adjusted net income of $6.14 per
share in the quarter, compared with $4.78 per share a year
earlier.
FICO now expects its 2024 adjusted profit to be $22.80 per
share.
Fair Isaac ( FICO ) posted revenue of $433.8 million for the three
months ended March 31, compared with $380.3 million a year
earlier.