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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

FAIR ISAAC CORPORATION
(Exact name of registrant as specified in its charter)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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TABLE OF CONTENTS

Item 2.02.   Results of Operations and Financial Condition.

Item 9.01.   Financial Statements and Exhibits.

Signature

Exhibit Index

Exhibit 99.1

On January 26, 2011, Fair Isaac Corporation (the “Company”) reported its financial results for the quarter ended December 31, 2010.  See the Company’s press release dated January 26, 2011, which is furnished as Exhibit 99.1 hereto and incorporated by reference in this Item 2.02.  

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EXHIBIT INDEX

Exhibit 99.1

FICO Announces Earnings of $0.40 per Share for First Quarter Fiscal 2011

Revenue of $156 million and bookings of $84 million

MINNEAPOLIS--(BUSINESS WIRE)--January 26, 2011--FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced financial results for its first fiscal quarter ended December 31, 2010.

First Quarter Fiscal 2011 Results
Net income for the quarter totaled $16.0 million, or $0.40 per share. This compares with prior-year period net income of $17.7 million, or $0.37 per share.

First Quarter Fiscal 2011 Revenue
The company reported quarterly revenues of $155.9 million versus $151.5 million reported in the prior year period, an increase of 3%.

“Results were solid across our portfolio, and we continue to see signs of gradual improvement in the economy,” said Mark Greene, chief executive officer. “We are executing the plan we outlined at the beginning of the year and remain confident in our solutions, our market position and our ability to deliver against previously issued revenue and earnings guidance.”

Revenues for the first quarter of fiscal 2011 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 $97.6 million in the first quarter compared to $92.9 million in the prior year quarter, an increase of 5%, primarily due to an increase in revenue from Fraud Management solutions, Origination solutions and Marketing solutions, slightly offset by a decline in Customer Management solutions.
• Scores revenues, which include the company’s business-to-business (B2B) scoring solutions and associated professional services, and the myFICO^® business-to-consumer (B2C) service, were $40.8 million in the first quarter compared to $41.6 million in the prior year quarter, a decrease of 2%, primarily due to a decrease in business-to-business (B2B) scoring solutions.
• Tools revenues, which include Blaze Advisor^®, Xpress Optimization and related professional services, were $17.5 million in the first quarter compared to $17.1 million in the prior year quarter, an increase of 2%, primarily due to an increase in Blaze Advisor license sales during the quarter.

Bookings
Bookings for the first quarter were $84.0 million compared to $59.9 million in the prior year period. Bookings represent contracts signed in the current reporting period that will generate new future revenue streams. Management regards the volume of bookings achieved, among other factors, as an important indicator of future revenues, but they are not comparable to, nor should they be substituted for, an analysis of the company’s revenues, and they are subject to a number of risks and uncertainties concerning timing and contingencies affecting product delivery and performance.

Balance Sheet and Cash Flow
Cash and cash equivalents, and investments were $259.1 million at December 31, 2010, as compared to $230.3 million at September 30, 2010. Significant changes in cash and cash equivalents from September 30, 2010 include $32.9 million of cash provided by operations, $1.3 million related to the purchase of property and equipment, and $0.8 million of dividends paid. The Company also repurchased $2.2 million of common stock during the quarter.

Outlook
The company reiterates the previously issued guidance for fiscal 2011, which follows:

Company to Host Conference Call
The company will host a webcast today at 5:00 p.m. Eastern Time (4:00 p.m. Central Time/2:00 p.m. Pacific Time) to report its first quarter fiscal 2011 results and provide various strategic and operational updates. The call can be accessed at FICO's Web site at www.FICO.com (follow the instructions on the Investor Relations page). A replay of the webcast will be available through February 26, 2011.

The webcast will also be distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

About FICO
FICO (NYSE:FICO; www.FICO.com) is the leader in decision management, transforming business by making every decision count. FICO combines trusted advice, world-class analytics, and innovative applications to help businesses automate, improve, and connect decisions over customer lifecycles and across the enterprise. Clients in 80 countries work with FICO to increase customer loyalty and profitability, reduce fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. FICO also helps millions of individuals manage their credit health through its consumer website, www.myFICO.com.

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 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 ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2010. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

FICO, myFICO and Blaze Advisor are all trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.

CONTACT:
FICO
Investors/Analysts:
Steve Weber, 800-213-5542
investor@fico.com
or
Media:
Steve Astle, 415-446-6204
stephenastle@fico.com