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.