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FICO Announces Earnings of $ 2.33 per Share for Second Quarter Fiscal 2021 Revenue of $ 331 million vs. $ 308 million in prior year Exhibit 99.1 SAN JOSE , Calif . , May 5 , 2021 / PRNewswire / -- FICO ( NYSE : FICO ) , a leading predictive analytics and decision management software company , today announced results for its second fiscal quarter ended March 31 , 2021 . Second Quarter Fiscal 2021 GAAP Results Net income for the quarter totaled $ 68.7 million , or $ 2.33 per share , versus $ 58.3 million , or $ 1.94 per share , in the prior year period . Net cash provided by operating activities for the quarter was $ 153.5 million versus $ 61.5 million in the prior year period . Second Quarter Fiscal 2021 Non - GAAP Results Non - GAAP Net Income for the quarter was $ 90.2 million versus $ 64.3 million in the prior year period . Non - GAAP EPS for the quarter was $ 3.06 versus $ 2.14 in the prior year period . Free cash flow for the quarter was $ 152.3 million versus $ 54.8 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 . Second Quarter Fiscal 2021 GAAP Revenue The company reported revenues of $ 331.4 million for the quarter as compared to $ 308.0 million reported in the prior year period . ● " We had another great quarter , delivering strong revenues and record cash flows , " said Will Lansing , chief executive officer . " And we are achieving this as we reduce our reliance on up - front license revenue . " Revenues for the second quarter of fiscal 2021 across each of the company's three operating segments were as follows : Applications revenues , which include the company's decision management applications and associated professional services , were $ 129.5 million in the second quarter , compared to $ 140.3 million in the prior year period , a decrease of 8 % , due primarily to decreased services and up - front license revenues . • Scores revenues , which include the company's business - to - business ( B2B ) scoring solutions and associated professional services , and business - to - consumer ( B2C ) service , were $ 168.7 million in the second quarter , compared to $ 129.1 million in the prior year period , an increase of 31 % . B2B revenue increased 25 % , driven largely by unit price increases and higher origination volumes . B2C revenue increased 47 % from the prior year period due to higher volumes at myFICO.com , as wel as through our partners . Decision Management Software revenues , which include Blaze AdvisorⓇ , Xpress Optimization , Decision Management Platform and related professional services , were $ 33.2 million in the second quarter compared to $ 38.5 million in the prior year period , a decrease of 14 % , due primarily to decreased up - front license and services revenues . Company to Divest Debt Collection and Recovery Business The company also announced today the signing of a definitive agreement to sell its Debt Collection and Recovery products to Constellation's Jonas Software operating group , a leading provider of enterprise management software solutions . Completion of the acquisition remains subject to mutually agreed closing conditions . FICO Debt Collection and Recovery products represent less than 10 percent of total company revenues . FICO expects the divestiture to have an immaterial impact on future operating profits . FICO intends to include the sale proceeds in a $ 200 million Accelerated Share Repurchase program following the close of the transaction . 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 second 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 May 5 , 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/