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Fair Isaac Corporation - FICO STOCK NEWS

Welcome to our dedicated page for Fair Isaac Corporation news (Ticker: FICO), a resource for investors and traders seeking the latest updates and insights on Fair Isaac Corporation stock.

Fair Isaac Corporation, commonly known as FICO, is a prominent player in the field of applied analytics, established in 1956. The company is best recognized for its FICO credit scores, an industry-standard benchmark for assessing the creditworthiness of individual consumers. With a foothold in both business-to-business (B2B) and business-to-consumer (B2C) markets, Fair Isaac's credit score services generate a substantial portion of the company's profits.

Apart from credit scoring, FICO offers a comprehensive suite of software solutions tailored for financial institutions. These solutions encompass analytics, decision-making tools, customer workflow management, and fraud detection systems. This diversified product range positions FICO as a critical partner for banks and financial institutions aiming to optimize their operations and minimize risks.

Headquartered in San Jose, California, FICO has a robust financial standing with consistent revenue growth and a strong market presence. The company's innovative approach and commitment to leveraging data analytics for better decision-making have earned it a reputation as a leader in its domain.

Recent achievements include strategic partnerships and the launch of new products that harness advanced technologies like artificial intelligence and machine learning. These initiatives aim to enhance the accuracy and efficiency of their credit scoring and fraud detection offerings.

FICO continues to focus on expanding its market reach and improving its product line-up to cater to the evolving needs of financial institutions worldwide. The company outsources part of its production to sister companies in Malaysia and China to maintain cost-effectiveness and efficiency in operations.

For the latest updates and news on FICO's performance, new projects, and significant developments, keep an eye on their official announcements and financial reports.

News

FICO to Present at Investor Conference on November 15, 2023

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FICO (NYSE:FICO) CFO to Present at RBC Capital Markets Conference on November 15th
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FICO Announces Earnings of $4.01 per Share for Fourth Quarter Fiscal 2023

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FICO (NYSE:FICO) announced Q4 fiscal 2023 results, reporting a revenue of $389.7 million, an increase of 12% in Scores revenues and 11% in Software revenues. Non-GAAP net income was $126.7 million, with a positive outlook for fiscal 2024, projecting revenues of $1.675 billion and non-GAAP EPS of $22.45.
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Fair Isaac Corporation Announces Date for Reporting of Fourth Quarter Fiscal 2023 Financial Results

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FICO (NYSE:FICO) will announce its Q4 fiscal 2023 results on November 8, 2023, and host a conference call at 5:00 p.m. ET. The call will be webcast and accessible at www.fico.com/investors. A replay of the webcast will be available.
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Chartis Ranks FICO in the Top 5 for RiskTech100® for Second Consecutive Year

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FICO has been recognized as one of the top five risk and compliance technology providers in the Chartis Research RiskTech100® report for the second year in a row. Additionally, FICO secured first place in the Innovation category for the seventh consecutive year. FICO's continuous introduction of new risk technologies, particularly through its FICO® Platform, has contributed to its success.
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FICO UK Credit Card Market Report: July/August 2023

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The FICO UK Credit Card Market Report for July/August 2023 reveals erratic consumer financial management, with average credit card spend leveling out at £825 in July and £830 in August. The average credit card balance increased slightly to £1,710 in July and £1,729 in August. The percentage of payments to balance increased from 38% in June to 38.7% in August, but remains lower than the same period last year. The percentage of customers missing payments has risen, with a 11.9% increase in customers missing two payments and a 20.3% increase in customers missing three payments compared to last year. Cash usage with credit cards has been steadily increasing since March. Lenders should be cautious of these trends as they prepare for winter fuel costs.
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Leading Mortgage Lender Movement Mortgage Becomes Early Adopter of FICO’s Most Predictive Credit Scoring Model

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FICO announces Movement Mortgage as an early adopter of FICO Score 10 T for analyzing non-conforming loans. FICO Score 10 T can expand mortgage approval rates by up to 5% without adding incremental risk.
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Judging Panel of International Industry Experts Announced For 2024 FICO Decisions Awards

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FICO announces panel of independent industry judges for 2024 awards.
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FICO Platform Wins Future Digital Award for Banking Innovation of the Year 2023

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FICO® Platform receives Banking Innovation of the Year Platinum Award in the Future Digital Awards for Fintech & Payments 2023.
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FICO® Score Remains the Most Widely Used Credit Score in the Securitization Market, Keeping Lender Confidence

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More than 95% of asset-backed securitizations rely on FICO Scores, according to a study by Mercator Advisory Group. FICO Scores remain the dominant method to measure asset-backed securitization risk, providing consistent and reliable metrics for investors. Lenders continue to rely on FICO Scores amid economic uncertainty and rising interest rates.
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FICO’s Syreeta Thomas Honoured with Women in Credit Award

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Syreeta Thomas, Head of Business Operations for FICO in EMEA, wins silver award for 'Transformation of the Year' at Women in Credit Awards 2023. Thomas played a critical role in FICO's transition to selling capabilities on the enterprise-level FICO Platform, resulting in impressive increases in sales productivity and win rates. FICO customers in EMEA adopting FICO Platform increased tenfold. FICO supports and promotes women in its workforce.
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FAQ

What is the current stock price of Fair Isaac Corporation (FICO)?

The current stock price of Fair Isaac Corporation (FICO) is $2261 as of November 15, 2024.

What is the market cap of Fair Isaac Corporation (FICO)?

The market cap of Fair Isaac Corporation (FICO) is approximately 55.2B.

What does Fair Isaac Corporation (FICO) do?

FICO is a leading analytics company known for its FICO credit scores, which assess consumer creditworthiness. They also offer software for analytics, decision-making, customer workflows, and fraud detection.

When was FICO founded?

FICO was founded in 1956.

What is the primary product of FICO?

The primary product of FICO is the FICO credit score, an industry-standard benchmark for assessing creditworthiness.

Where is FICO headquartered?

FICO is headquartered in San Jose, California.

What markets does FICO serve?

FICO serves both business-to-business (B2B) and business-to-consumer (B2C) markets, primarily financial institutions.

What are some of FICO's other products?

Besides credit scores, FICO offers software solutions for analytics, decision-making, customer workflow management, and fraud detection.

How does FICO maintain cost-effectiveness?

FICO outsources part of its production to sister companies in Malaysia and China to maintain cost-effectiveness.

How does FICO contribute to the financial industry?

FICO contributes to the financial industry by providing tools and solutions that help institutions make better decisions, manage risks, and streamline operations.

What recent technologies has FICO integrated into its offerings?

FICO has integrated advanced technologies like artificial intelligence and machine learning into its credit scoring and fraud detection products.

Where can I find the latest news about FICO?

For the latest news about FICO, check their official announcements and financial reports.

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Fair Isaac Corporation

NYSE:FICO

FICO Rankings

#252 Ranked by Market Cap
N/A Ranked by Dividends

FICO Stock Data

55.22B
24.35M
2.26%
92.4%
2.45%
Software - Application
Services-business Services, Nec
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United States of America
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