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FICO Announces Earnings of $ 5.18 per Share for Third Quarter Fiscal 2021 Revenue of $ 338 million vs. $ 314 million in prior year Exhibit 99.1 SAN JOSE , Calif . , Aug. 3 , 2021 / PRNewswire / -- FICO ( NYSE : FICO ) , a leading predictive analytics and decision management software company , today announced results for its third fiscal quarter ended June 30 , 2021 . Third Quarter Fiscal 2021 GAAP Results Net income for the quarter totaled $ 151.2 million , or $ 5.18 per share , versus $ 64.1 million , or $ 2.15 per share , in the prior year period . The results included a pre - tax gain of $ 92.8 million on the previously - announced sale of the Debt Collections and Recovery product line or $ 2.52 per share after tax . Net cash provided by operating activities for the quarter was $ 100.6 million versus $ 106.9 million in the prior year period . Third Quarter Fiscal 2021 Non - GAAP Results Non - GAAP Net Income for the quarter was $ 98.8 million versus $ 76.7 million in the prior year period . Non - GAAP EPS for the quarter was $ 3.38 versus $ 2.58 in the prior year period . Free cash flow was $ 99.0 million for both the current quarter and 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 . Third Quarter Fiscal 2021 GAAP Revenue The company reported revenues of $ 338.2 million for the quarter as compared to $ 313.7 million reported in the prior year period . " I'm pleased to report we delivered another solid quarter , " said Will Lansing , chief executive officer . " We had another record Scores quarter , and are making great progress in our SaaS transition . " Revenues for the third 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 $ 133.2 million in the third quarter , compared to $ 141.5 million in the prior year period , a decrease of 6 % , due primarily to decreased services revenues , and the sale of the Debt Collections and Recovery product line in early June . Scores revenues , which include the company's business - to - business ( B2B ) scoring solutions and associated professional services , and business - to - consumer ( B2C ) service , were $ 172.2 million in the third quarter , compared to $ 131.6 million in the prior year period , an increase of 31 % . B2B revenue increased 23 % , driven largely by unit price increases and higher origination volumes . B2C revenue increased 50 % 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 $ 32.8 million in the third quarter compared to $ 40.7 million in the prior year period , a decrease of 20 % , due primarily to decreased 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 third 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 August 3 , 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 . FICO hold : 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 ability to create new relationships with customers and key alliance partners , its ability to continue to develop new and enhanced products and services , its