SAN FRANCISCO - Fourth-quarter profit grew at Fair Isaac, beating analysts' expectations.
The Minneapolis, Minn., software company had revenue of $207.2 million vs. $207.3 million in the year-ago period. Analysts were looking for a top line of $200.6 million, according to Thomson Financial.
Net income rose 28% to $28.2 million, or 52 cents a share, from $22.1 million, or 35 cents a share, a year earlier.
Excluding items, the company earned 49 cents a share, beating analysts' estimates of 41 cents.
The company, which develops business analytics and credit-reporting software, projected first-quarter revenue of $205 million and EPS of 45 cents. Analysts were expecting $203.6 million and earnings of 44 cents a share.
Full-year revenue is expected to be $850 million, with EPS of $2. Analysts were expecting revenue of $833.8 million and EPS of $1.85.
Bookings fell 16% to $94.5 million from $112.6 million a year ago.
Shares of Fair Isaac closed Tuesday down 24 cents to $34.05.