FICO profit beats Street expectations on strong demand

By Yahoo! Finance | Nov 6, 2024 at 05:07 PM EST

FICO reported a strong fourth-quarter profit due to high demand for its credit-scoring products. The company's revenue increased to $453.8 million, driven by banks tightening lending standards and rising loan demand. FICO expects revenue of about $1.98 billion for 2025.

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