(Source: Datamonitor)

Decision-management software company FICO has reported a 28% decline in net income to $17.1m for the fourth quarter 2009, compared to a net income of $23.77m in the year-ago quarter. Revenue was down 15% at $152m.
Operating income increased 12% to $32.84m, while diluted EPS declined 29% to $0.35. Cash and cash equivalents, and investments were $390.3m at the end of the quarter compared to $271.2m a year ago. The bookings were $85.9m compared to $71.2m in the same period last year.
The company said strategy machine solutions revenue declined 12% to $82.9m, while scoring solutions revenue fell 15% to $31.8m. Professional services revenue fell 25% to $25m, and analytic software tools revenue declined 8% to $12.2m.
During the quarter, FICO and US consumer credit report agency Equifax formed an alliance to develop a tool to enable lenders to better assess consumer credit risk.
For fiscal 2009, FICO has reported a 22% decline in net income to $65.1m compared to a net income of $84m a year ago. Revenue declined 15% to $630.73m.
Mark Greene, chief executive at FICO, said: "Unwavering focus on our core strategy, combined with our ongoing expense discipline, has yielded strong operating leverage for FICO over the past 12 months. We've used that leverage to bring to market new Decision Management products that our customers urgently need to compete effectively. Our approach has led to consistent earnings, and now, a significant increase in bookings during the fourth quarter."
Looking ahead, the company expects to grow year-over-year EPS by a high single-digit percentage in fiscal 2010 compared to fiscal 2009, with relatively flat results in the first half of the year compared to the prior year, and stronger performance in the latter half of fiscal 2010.
A service of YellowBrix, Inc.