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
Date of Report (Date of earliest event reported) October 14, 2013
FAIR ISAAC CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 1-11689 | 94-1499887 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 181 Metro Drive, Suite 700 San Jose, California |
95110-1346 | |||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code 408-535-1500
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)) |
| Item 2.02. | Results of Operations and Financial Condition. |
On October 14, 2013, Fair Isaac Corporation (the “Company”) reported preliminary financial results for the quarter ended September 30, 2013. See the Company’s press release dated October 14, 2013, which is furnished as Exhibit 99.1 hereto and incorporated by reference in this Item 2.02.
Item 9.01. Financial Statements and Exhibits.
| (c) | Exhibits. |
| Exhibit |
Description | |
| 99.1 | Press Release dated October 14, 2013 | |
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.
| FAIR ISAAC CORPORATION | ||||||
| By | /s/ Michael J. Pung | |||||
| Michael J. Pung Executive Vice President and Chief Financial Officer | ||||||
| Date: October 15, 2013 | ||||||
2
EXHIBIT INDEX
| Exhibit |
Description |
Manner of Filing | ||
| 99.1 | Press Release dated October 14, 2013 | Filed Electronically | ||
3
Exhibit 99.1
| Contact: | Investors/Analysts: Steve Weber (800) 213-5542 investor@fico.com |
Media: Steve Astle (415) 446-6204 stephenastle@fico.com |
FICO Announces Preliminary Fiscal Fourth Quarter 2013 Results
SAN JOSE, Calif. – October 14, 2013—FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced preliminary results for its fourth fiscal quarter ended September 30, 2013. FICO will release actual results for the fourth quarter after the market closes on October 30, 2013. Fourth quarter results are preliminary, subject to the company’s management completing its customary quarterly closing and review procedures.
Preliminary Fourth Quarter Fiscal 2013 Results
The company anticipates GAAP revenue for its fiscal fourth quarter in the range of $188 million to $190 million, with total fiscal 2013 revenues of $741 million to $743 million, compared to prior annual revenue guidance of $755 million to $765 million.
GAAP EPS for the fourth quarter of fiscal 2013 is expected to be $0.77 to $0.81 per diluted share, and for the full fiscal year to be between $2.47 and $2.51 per share, lower than the full-year GAAP earnings per diluted share guidance of $2.61 to $2.70 per share.
“While our core business remains strong, we continue to experience delays in application license sales to North American banks,” said Will Lansing, chief executive officer. “Our customers are facing uncertainties that have lengthened purchasing decisions and increased the sales cycle for large license transactions.”
Fiscal Fourth Quarter Results Conference Call
The company will host a webcast on October 30, 2013 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to report its final fourth quarter fiscal 2013 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 through January 30, 2014.
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) delivers superior predictive analytics that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with the industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharma businesses and government agencies rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com. Learn more at www.fico.com. FICO: Make every decision count.
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 or in the markets we serve, 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, 2012 and Form 10-Q for the quarter ended June 30, 2013. 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.