Page 1

Exhibit 99.1 FICO Announces Earnings of $ 2.90 per Share for First Quarter Fiscal 2021 Revenue of $ 312 million vs. $ 299 million in prior year SAN JOSE , Calif . , Jan. 28 , 2021 / PRNewswire / -- FICO ( NYSE : FICO ) , a leading predictive analytics and decision management software company , today announced results for its first fiscal quarter ended December 31 , 2020 . First Quarter Fiscal 2021 GAAP Results Net income for the quarter totaled $ 86.5 million , or $ 2.90 per share , versus $ 54.9 million , or $ 1.82 per share , in the prior year period . Net cash provided by operating activities for the quarter was $ 77.9 million versus $ 60.4 million in the prior year period . First Quarter Fiscal 2021 Non - GAAP Results Non - GAAP Net Income for the quarter was $ 81.6 million versus $ 54.2 million in the prior year period . Non - GAAP EPS for the quarter was $ 2.74 versus $ 1.80 in the prior year period . Free cash flow for the quarter was $ 74.9 million versus $ 53.9 million in the prior year period . The Non - GAAP financial measures are described in the financial table captioned " Non - GAAP Results " and are reconciled to the corresponding GAAP results in the financial tables at the end of this release . First Quarter Fiscal 2021 GAAP Revenue The company reported revenues of $ 312.4 million for the quarter as compared to $ 298.5 million reported in the prior year period . " We are off to a good start in the new year , " said Will Lansing , chief executive officer . " We are delivering strong earnings growth as we continue the strategic transition to our SaaS platform . " Revenues for the first quarter of fiscal 2021 across each of the company's three operating segments were as follows : • Applications revenues , which include the company's preconfigured decision management applications and associated professional services , were $ 135.4 million in the first quarter , compared to $ 152.2 million in the prior year period , a decrease of 11 % , due primarily to decreased license revenues in our Falcon Fraud products . • Scores revenues , which include the company's business - to - business ( B2B ) scoring solutions and associated professional services , and business - to - consumer ( B2C ) service , were $ 144.7 million in the first quarter , compared to $ 115.1 million in the prior year period , an increase of 26 % . B2B revenue increased 20 % , driven largely by higher mortgage origination volumes and unit price increases . B2C revenue increased 40 % from the prior year period due to higher volumes at myFICO.com , as well as through our partners . • Decision Management Software revenues , which include Blaze Advisor® , Xpress Optimization , Decision Management Platform and related professional services , were $ 32.4 million in the first quarter compared to $ 31.2 million in the prior year period , an increase of 4 % , due primarily to an increases in SaaS subscription revenue , partially offset by a decline in up - front license revenues . Company to Host Conference Call The company will host a webcast today at 5:00 p.m. Eastern Time ( 2:00 p.m. Pacific Time ) to report its first quarter fiscal 2021 results and provide various strategic and operational updates . The call can be accessed at FICO's web site at www.fico.com/investors . A replay of the webcast will be available at our Past Events page through January 28 , 2022 . About FICO FICO ( NYSE : FICO ) powers decisions that help people and businesses around the world prosper . Founded in 1956 and based in Silicon Valley , the company is a pioneer in the use of predictive analytics and data science to improve operational decisions . FICC holds more than 165 US and foreign patents on technologies that increase profitability , customer satisfaction and growth for businesses in financial services , telecommunications , health care , retail and many other industries . Using FICO solutions , businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud , to helping people get credit , to ensuring that millions of airplanes and rental cars are in the right place at the right time . Learn more at http://www.fico.com Join the conversation at https://twitter.com/fico & http://www.fico.com/en/blogs/ FICO is a registered trademark of Fair Isaac Corporation in the US and other countries . Statement Concerning Forward - Looking Information Except for historical information contained herein , the statements contained in this news release that relate to FICO or its business are forward - looking statements within the meaning of the " safe harbor " provisions of the Private Securities Litigation Reform Act of 1995. These forward - looking statements are subject to risks and uncertainties that may cause actual results to differ materially , including the impact of COVID - 19 on macroeconomic conditions and FICO's business , operations and personnel , the success of the Company's Decision Management strategy and reengineering initiative , the maintenance of its existing relationships and