FAIR ISAAC CORP. $38.98 (New York symbol FICO; TSINetwork Rating: Average) (415-472-2211; www.fairisaac.com; Shares outstanding: 36.0 million; Market cap: $1.4 billion; Dividend yield: 0.2%) makes FICO Scores, which dominates the market for software that helps businesses evaluate customer creditworthiness. The company is also profiting by selling software that helps credit card issuers control fraud and analyze their clients’ spending patterns.
In its fiscal 2012 first quarter, which ended December 31, 2011, Fair Isaac’s earnings jumped 87.4%, to $30.0 million from $16.0 million a year earlier. Earnings per share rose 107.5% to $0.83 from $0.40, on fewer shares outstanding. The latest earnings also beat the consensus estimate of $0.62 a share.
Savings from the company’s ongoing cost cuts were a big reason for the increase. Sales rose 9.2%, to $170.3 million from $155.9 million.
Fair Isaac spends around 10% of its sales on research. That lets it keep producing innovative new products that help it stay ahead of its competitors.
The company’s balance sheet is sound. It holds cash and securities of $231.6 million, or $6.28 a share. Its long-term debt of $504 million is a manageable 36.0% of its market cap.
Fair Isaac should earn $2.52 a share in fiscal 2012. The shares have risen 95% since the start of October 2011, but they still trade at just 15.5 times that figure.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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