Fair Isaac Corp. (FICO), an analytics and decision management technology provider, reported a decline in first-quarter net income to $23.4 million or $0.65 per share, from $30.0 million or $0.81 per share last year. However, the company raised its revenue guidance for the full year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.73 per share for the quarter. Analysts' estimates typically exclude special items.
Quarterly revenues for the rose to $190.02 million from $170.34 million a year ago, while one analyst expected revenues of $180.00 million for the quarter.
In view of its recently announced acquisition of CR Software LLC, the company is increasing its previously issued revenue guidance for the fiscal 2013 to a range between $760 million and $770 million, from its prior guidance of $740 million to $750 million. Meanwhile, the company expects net income for the fiscal 2013 to touch $100 million or $2.80 per share.
Analysts currently expect earnings of $2.88 per share and revenues of $744.52 million for the fiscal 2013.
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