MINNEAPOLIS – FICO, the maker of the ubiquitous credit score, reported a 14% decline in fourth quarter earnings to $21.2 million, even while revenues rose 16% during the period to $186.1 million.

Eating into fourth quarter earnings were increases in cost of revenues and research and development of 13% and 30%, respectively.

For the fourth quarter FICO reported a 23% increase in applications revenues to $119.9 million; a 4% increase in revenues for its scores operation to $46.7 million; and a 9% increase in its tools revenues to $19.4 million.

For the full year FICO reported a 9% increase in revenues to $676.4 million, and a 29% increase in net income to $92 million.



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