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FICO quarterly profit rises on strong demand for its offerings
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FICO quarterly profit rises on strong demand for its offerings
Feb 4, 2025 2:08 PM

Feb 4 (Reuters) - Fair Isaac Corporation ( FICO ),

widely known as FICO, reports a 18.6% rise in first-quarter

profit on Tuesday, helped by continued growth in its scores and

software segments.

Commercial and industrial lending is expected to pick up

under President Donald Trump's tax cuts and deregulation agenda,

boosting demand for FICO's offerings, which help lenders assess

customer creditworthiness before approving loans.

The company reported adjusted profit of $143.8 million, or

$5.79 per share, in the three months ended Dec. 31. That

compares with $121.2 million, or $4.81 per share, a year

earlier.

Scores revenue, the company's largest revenue segment, rose

to $235.7 million in the quarter, compared with $192.1 million a

year earlier.

The software segment reported a 10% rise to $186 million

from the same period last year.

FICO's total revenue jumped 15.1% to about $440 million from

a year earlier.

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