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FICO Reports Net Income of $27.3 Million for Q1 FY 2018

Dana E. Neuts, Subscription Insider February 1, 2018
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Tags: Financial Performance & Reporting Business (B2B) Consumer (B2C) Subscription Sales Business (Industry) Content Online Services & Tools Auto-renew Subscription Building Subscription Products Business Models Business Operations & IT Customer Service SaaS (Software)

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Company continues to grow recurring revenue.

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.

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