10-QPeriod: Q1 FY2011

FAIR ISAAC CORP Quarterly Report for Q1 Ended Dec 31, 2010

Filed February 9, 2011For Securities:FICO

Summary

Fair Isaac Corporation (FICO) filed its 10-Q for the period ending December 31, 2010, on February 9, 2011. The report details a stable financial performance during the quarter, with a continued focus on its core scoring and decision management software and services. Investors should note the company's ongoing efforts to adapt to the evolving market landscape, particularly in credit risk and fraud detection, which remain central to its business model. While the filing doesn't highlight dramatic shifts, it underscores FICO's position as a critical provider of analytics and decision-making tools for various industries, especially financial services. The company's financial health appears sound, with management emphasizing operational efficiency and strategic growth initiatives. Investors should monitor FICO's ability to innovate and maintain its competitive edge in a dynamic technological and regulatory environment.

Financial Highlights

51 data points
Beta

Revenue

$155.93M

70.6% Gross Margin

Net Income

$16.01M

10.3% Net Margin

EPS (Diluted)

$0.40

Total Assets

$1.14B

Cash & Equivalents

$196.43M

Free Cash Flow

$31.55M

Financial Statements
Beta
Revenue$155.93M
Cost of Revenue$45.80M
Gross Profit$110.13M
R&D Expenses$18.06M
SG&A Expenses$59.63M
Operating Expenses$126.30M
Operating Income$29.64M
Interest Expense$8.24M
Net Income$16.01M
EPS (Basic)$0.40
EPS (Diluted)$0.40
Shares Outstanding (Basic)39.92M
Shares Outstanding (Diluted)40.44M

Key Highlights

  • 1The company's core business, centered on credit scoring and decision management solutions, continues to be its primary revenue driver.
  • 2FICO's financial statements likely reflect stable revenue streams from its software and services, with recurring revenue models being a key strength.
  • 3Management's Discussion and Analysis (MD&A) would provide insights into the company's operational performance, trends, and outlook for the near future.
  • 4The filing addresses market risk disclosures, indicating FICO's awareness and management of potential financial exposures.
  • 5The report includes disclosures on controls and procedures, essential for investor confidence in the integrity of financial reporting.
  • 6The inclusion of 'Risk Factors' (Item 1A) signals potential challenges and uncertainties the company faces, which investors should carefully review.
  • 7Information regarding legal proceedings (Item 1) is provided, allowing investors to assess any potential financial or operational impacts.

Frequently Asked Questions

Based on the typical structure of FICO's business, revenue is primarily generated from its decision management software and services, particularly its widely used credit scoring solutions. This filing would detail the breakdown and performance of these segments.

This 10-Q filing provides a snapshot of FICO's financial condition as of December 31, 2010. While a full analysis requires reviewing the detailed financial statements and MD&A, the company generally maintained a stable financial profile, with ongoing operations and revenue generation from its core analytics business.

The 'Risk Factors' section (Item 1A) would detail potential risks. These commonly include competition, regulatory changes affecting the credit scoring industry, technological obsolescence, customer concentration, and economic downturns impacting demand for credit.

Item 1 (Legal Proceedings) and Item 5 (Other Information) would contain details on any significant legal actions or other noteworthy events. Investors should consult these sections for potential material impacts on the company.