FICO (NYSE: FICO), an analytics and decision management software company, reported revenue of $235.3 million for the first quarter of fiscal year 2018, for the period ended December 31, 2017. Revenue for the same period last year was $219.6 million. FICO also reported GAAP net income of $27.3 million, or $0.86 per share. While impressive, this was $10.6 million less than net income of $37.9 million, or $1.16 per share, for the same period last year.

Earnings for the first quarter of 2018 include a charge of $11.8 million, or $0.37 per share, related to the enactment of the Tax Cuts and Jobs Acts in December 2017.

‘We’re off to a good start in n 2018, as we continue to expand our recurring revenue base. Our Scores segment is performing particularly well, as we drive growth in both B2B and B2C,’ said FICO CEO Will Lansing in an earnings release.

The company has three operating segments which bring in revenue:

Applications, which include the company’s preconfigured decision management applications and associated professional services. This segment brought in $141.4 million, a 5 percent increase over the $134.8 million from the same period last year. FICO attributes the increase to additional transactional revenue in Customer Communications Services.

Scores, which include FICO’s B2B and B2C scoring solutions and associated professional services. Revenue for this segment for Q1 was $69.9 million, an increase of 18 percent over the $59.4 million from the same period last year. B2B revenue grew 13 percent; B2C revenue grew 27 percent.

Decision Management Software, which includes Blaze Advisor, Xpress Optimization and related professional services. Revenue for this segment was $24.0 million, a decrease of 6 percent from the $25.4 million in the prior year quarter, due to decreased license sales of Blaze Advisor.

Because of the tax reforms, FICO anticipates a reduction in tax expenses of $14.0 million and, as a result, has updated its guidance for fiscal year 2018. Its new guidance is as follows:

• Revenue: $990 million
• GAAP net income: $136 million
• GAAP earnings per share: $4.34 per share

FICO (Fair Isaac Corporation) is perhaps best known for its credit scoring system, but the company, which was founded in 1956, does much more than provide credit scores to lenders and consumers. The company also provides a wide range of B2B and B2C services including analytics, marketing and customer engagement, fraud and security services, debt management and more. Here are some interesting facts about FICO:

• 25 locations around the world
• 130+ patents for FICO analytics and decision management technology
• 100 billion FICO scores have been sold to date, making it the most widely used credit scoring system in the world.
• 3,400+ employees and industry experts
• $90 billion are saved every year by FICO products and solutions.
• Customers include Chase, Sprint, Dell, GM, Walmart and BMW.

To date, investors have reacted favorably to the earnings report which was released at 5 p.m. Eastern on January 25. On that date, stock was valued at $162.88 per share. As of 5:14 p.m. Eastern yesterday, FICO stock was valued at $172.66.

Insider Take:

Over the course of the last year, FICO’s stock price has grown at a steady pace. On February 1, 2017, FICO stock was valued at $120.94 per share. Based on yesterday’s stock value, that’s an increase of $51.72 per share, or 42.8 percent. If FICO hits its targets, continues its focus on recurring revenue streams, and saves money due to the new tax reforms, fiscal year 2018 could be very profitable for FICO.