8-KOther Events

FAIR ISAAC CORP 8-K Report (Nov 3, 2003)

Filed November 3, 2003For Securities:FICO

Summary

Fair Isaac Corporation (FICO) filed an 8-K on November 3, 2003, primarily to furnish a press release detailing its financial results for the quarter and year ended September 30, 2003. The key takeaway for investors is the company's reporting of these results, which includes specific information regarding charges related to the HNC Software Inc. acquisition. While the filing itself does not contain the detailed financial statements, it directs investors to the accompanying press release (Exhibit 99) for comprehensive figures. The company acknowledges that certain information presented in the press release, particularly concerning the HNC acquisition charges and their impact on earnings per share, may be considered a non-GAAP financial measure. FICO believes this disclosure is beneficial for investors to better assess and compare operational performance across different periods.

Key Highlights

  • 1Fair Isaac Corporation reported its financial results for the quarter and year ended September 30, 2003.
  • 2The filing includes a press release (Exhibit 99) containing the detailed financial results.
  • 3Specific charges related to the HNC Software Inc. acquisition are detailed in the press release.
  • 4The impact of these HNC acquisition charges on earnings per share is provided.
  • 5The company notes that certain financial information may be considered a non-GAAP financial measure.
  • 6FICO believes disclosing non-GAAP measures aids investors in evaluating operating performance and comparability.
  • 7Kenneth J. Saunders, Vice President and Chief Financial Officer, signed the report.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Fair Isaac Corporation's financial results for the quarter and year ended September 30, 2003, and to furnish the accompanying press release (Exhibit 99) which contains these results.

The detailed financial results, including information on charges from the HNC Software Inc. acquisition and their impact on earnings per share, are provided in the press release dated November 3, 2003, which is furnished as Exhibit 99 to this 8-K filing.

Non-GAAP financial measures are metrics used by a company that are not calculated in accordance with Generally Accepted Accounting Principles (GAAP). In this case, FICO mentions that information regarding charges from the HNC acquisition and their impact on EPS might be considered non-GAAP, and they provide it to help investors evaluate operating performance and compare it between periods.

The HNC Software Inc. acquisition had a financial impact on FICO's reported results for the period, leading to specific charges that the company is disclosing. These charges and their effect on earnings per share are detailed in the press release.