Fair Isaac Corp., a developer of credit-scoring systems, on Wednesday said its fourth-quarter profit fell by more than half despite a sharp rise in revenue, hurt by charges during the period.
Quarterly income was $14.4 million, or 20 cents per share, down from $31.7 million, or 42 cents a year ago. Excluding items, Fair Isaac said adjusted earnings were $28.5 million, or 40 cents per share, compared with $33.9 million, or 45 cents, last year.
The company said its results in the latest quarter were impacted by acquisition-related charges, a loss from redeeming convertible subordinated notes and a charge from a legal settlement.
For this complete story, please visit Fair Isaac 4Q Profit Plunges to $14.4M.
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