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FAIR, ISAAC REPORTS 32 PERCENT INCREASE IN THIRD QUARTER NET INCOME; 56 PERCENT GAIN FOR THE NINE-MONTH PERIOD

 FAIR, ISAAC REPORTS 32 PERCENT INCREASE IN THIRD QUARTER NET INCOME;
 56 PERCENT GAIN FOR THE NINE-MONTH PERIOD
 SAN RAFAEL, Calif., July 22 /PRNewswire/ -- Fair, Isaac and Co. (NASDAQ: FICI) reported net income of $978,000 ($.16 per share) for the three months ended June 30, a gain of 32 percent over the $742,000 ($.13 per share) earned in the same period a year ago. Operating income rose 57 percent, to $1.38 million.
 Quarterly revenues were a record $10.8 million -- up 30 percent in comparison with the same period last year and 8 percent relative to the second quarter of fiscal 1992.
 For the first nine months of Fair, Isaac's fiscal year, net income increased 56 percent, from $1.65 million ($.29 per share) in 1991 to $2.58 million ($.43 per share) for the year to date. Nine-month revenues rose 32 percent to $29.5 million.
 The earnings increase for the latest three-month period was primarily due to the continuing growth in revenues from credit risk management services Fair, Isaac markets through alliances with leading credit bureaus and bankcard processing agencies. These "third-party" revenues more than doubled compared with the same period a year ago and accounted for nearly half of the company's third quarter volume -- up from less than one-third a year ago.
 Revenues from end-user sales of credit scoring, portfolio management and application processing products were up 10 percent for the year to date.
 Fair, Isaac President and CEO Larry Rosenberger said the company's results for the first nine months of fiscal 1992 reflected strong revenue growth but also "modest pressure" on profit margins due to increased R&D expense, higher customer service and support costs in connection with third-party contract obligations, a decrease in interest income, and an increase in the company's effective tax rate for fiscal 1992. "Revenue growth has helped boost margins for the year to date compared with the first nine months of fiscal 1991," said Rosenberger. "However, we don't foresee much opportunity in the near-term for further improvement in after-tax margins."
 Established in 1956, Fair, Isaac is a pioneer and recognized world leader in the development of statistically based business decision- making tools and systems. In fiscal 1991, the company earned $2.76 million on revenues of $31.8 million.
 FAIR, ISAAC AND CO.
 Consolidated Condensed Statement of Income
 (in 000's except per share amounts)
 Unaudited
 9 mos ended 9 mos ended 3 mos ended 3 mos ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Net Revenue $ 29,482 $ 22,262 $ 10,774 $ 8,309
 Costs and
 expenses:
 Cost of
 revenues 9,865 8,195 3,676 2,797
 Sales and
 marketing 7,246 5,087 2,798 1,939
 Research and
 development 2,840 1,873 986 696
 General and
 administrative 5,963 5,502 1,930 1,995
 Total costs and
 expenses 25,914 20,657 9,390 7,427
 Income from
 operations 3,568 1,605 1,384 882
 Interest income 797 957 274 298
 Income before
 income taxes 4,365 2,562 1,658 1,180
 Income tax
 provision 1,790 916 680 438
 Net income $ 2,575 $ 1,646 $ 978 $ 742
 Earnings per
 share $ .43 $ .29 $ .16 $ .13
 Shares used in
 computing
 earnings per
 share 5,971,000 5,761,000 6,013,000 5,847,000
 -0- 7/22/92
 /CONTACT: Peter L. McCorkell of Fair, Isaac and Co., 415-472-2211/
 (FICI) CO: Fair, Isaac ST: California IN: CPR FIN SU: ERN


MM-RM -- SF018 -- 2106 07/22/92 16:31 EDT
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Date:Jul 22, 1992
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