MINNEAPOLIS – FICO, maker of the ubiquitous credit score, reported an 11% drop in third quarter earnings to $20.7 million.
The company reported a 7% rise in revenues to $160.5 million for the period, from $150.7 million for the third quarter last year.
Revenues for third quarter fiscal 2012 across each of the company’s three operating segments were as follows:
• Applications revenues, which include the company’s preconfigured Decision Management applications and associated professional services, were up 7% to $98.3 million in the third quarter;
• Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and the myFICO business-to-consumer service, were about flat at $41.9 million in the third quarter;
• Tools revenues, which include Blaze Advisor, Xpress Optimization and related professional services, were up 20% to $20.2 million.
For the first nine months of the fiscal year FICO reported a 7% rise in revenues to $490.3 million, and a 50% surge in net income to $70.8 million.