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Fair Isaac warns of lower Q1 results; cuts Q2, FY outlook

15 January 2008  |  1472 views  |  0 Source: Fair Isaac

Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology today announced the preliminary financial results for its first fiscal quarter ended December 31, 2007 and revised guidance for the second fiscal quarter ending March 31, 2008 and full fiscal year 2008, both of which are lower than the company's previously announced guidance.

First quarter results are preliminary, subject to the company's management and independent auditor completing their customary quarterly closing and review procedures.

Preliminary First Quarter Fiscal 2008 Results
The company expects to report first quarter revenues in the range of $198 to $200 million in the first quarter of fiscal 2008 versus $208.2 million reported in the prior year period. This is lower than the first quarter revenue guidance of $205 million provided by the company last quarter. Net income for the first quarter of fiscal 2008 is expected to total in the range of $19 to $21 million, or $0.37 to $0.39 per diluted share, versus $31.2 million, or $0.52 per diluted share, reported in the prior year period. This is lower than the first quarter GAAP earnings per diluted share guidance of $0.45 provided last quarter.

Revised Second Quarter and Full Year Fiscal 2008 Guidance
Total revenues are expected to be $205 million for the second quarter of fiscal 2008 with GAAP earnings of approximately $0.44 per share. Full year fiscal 2008 revenue is now expected to be $825 to $835 million with GAAP earnings per diluted share of $1.80 to $1.90. This full year fiscal 2008 guidance is lower than the guidance of $850 million in revenue and GAAP earnings per diluted share of $2.00 provided earlier by the company.

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