Reported 18 days ago
FICO reported better-than-expected fourth-quarter profits of $163.2 million, driven by strong demand for its credit-scoring products. Analysts predict an increase in loan demand as the U.S. Federal Reserve lowers borrowing costs, benefiting companies like FICO, which plays a crucial role in assessing customer creditworthiness. Despite rising delinquencies leading to stricter lending standards, FICO saw a 16% revenue increase year-over-year, reaching $453.8 million. The company anticipates 2025 revenue around $1.98 billion, aligning with industry expectations.
Source: YAHOO