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FAIR, ISAAC REPORTS 40 PERCENT INCREASE IN FIRST QUARTER EARNINGS

FAIR, ISAAC REPORTS 40 PERCENT INCREASE IN FIRST QUARTER EARNINGS
 SAN RAFAEL, Calif., Jan. 23 /PRNewswire/ -- Fair, Isaac and Co. (NASDAQ: FICI) announced first quarter net income of $686,000 or $.12 per share, up 40 percent from the $491,000 or $.09 per share earned in the same period a year ago. Pretax income rose 54 percent, to $1.16 million.
 Revenues from operations of $8.7 million were up 23 percent from revenues of $7.1 million for the first three months of fiscal 1991. In addition, the company recorded net interest income of $276,000 for the latest three months compared with $355,000 in the same period a year ago.
 Earnings for the three months ended Dec. 31 benefitted from higher operating margins and continuing growth in market acceptance and usage of Fair, Isaac credit bureau scoring and Adaptive Control credit management services, both of which are marketed through long-term contracts with third-party agencies.
 Including contributions from its PreScore(R) credit solicitation screening service and the new ScoreNet(TM) account management service, Fair, Isaac's usage-based revenues for the latest period were up more than 40 percent from last year's first quarter. Revenues from software maintenance contracts and direct, end-user sales of credit scoring, application processing, and account management products and systems in the most recent three-month period were approximately 13 percent higher than in the same period a year ago.
 Fair, Isaac president and chief executive officer Larry E. Rosenberger said, "Despite the company's improved financial performance in recent quarters, we still have some problems to resolve and a lot of work to do before we start taking any bows. We're still a long way from generating the kind of results we think this company is capable of producing."
 Fair, Isaac and Co. is the pioneer and world leader in the development of statistically based business decision systems. For the fiscal year ended Sept. 30, 1991, it reported net income of $2.76 million, or $.48 per share, on revenues of $31.8 million.
 FAIR, ISAAC AND CO. INC.
 Consolidated Condensed Statement of Income
 (dollars in thousands, except per share amounts)
 UNAUDITED
 3 mos. ended 3 mos. ended
 12/31/91 12/31/90
 Net revenues $8,734 $7,101
 Costs and expenses
 Cost of revenues 2,935 2,727
 Sales and marketing 2,079 1,561
 Research and development 847 596
 General and administrative 1,985 1,816
 Total costs and expenses 7,846 6,700
 Income from operations 888 401
 Interest and other income (net) 276 355
 Income before income taxes 1,164 756
 Income tax provision 478 265
 Net income $686 $491
 Income per share $.12 $.09
 Shares used in computing
 earnings per share 5,890,000 5,691,000
 -0- 1/23/92
 /CONTACT: Peter L. McCorkell of Fair, Isaac and Co., 415-472-2211/
 (FICI) CO: Fair, Isaac and Company ST: California IN: FIN; CPR SU: ERN


DG -- SF005 -- 2996 01/23/92 16:30 EST
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Date:Jan 23, 1992
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