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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
Date of Report (Date of earliest event reported) January 14, 2008
FAIR ISAAC CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
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0-16439
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94-1499887 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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901 Marquette Avenue, Suite 3200
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Minneapolis, Minnesota
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55402-3232 |
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(Address of principal executive offices)
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(Zip Code) |
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Registrants telephone number, including area code 612-758-5200
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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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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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.
On January 14, 2008, Fair Isaac Corporation (the Company) issued a press release announcing
preliminary first quarter fiscal 2008 results and revised second quarter and full year fiscal 2008
guidance. A copy of the press release has been furnished as an exhibit to this report and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit |
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Description |
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99 |
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Press Release dated January 14, 2008 |
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.
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FAIR ISAAC CORPORATION
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By /s/ Charles M. Osborne
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Charles M. Osborne |
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Chief Financial Officer |
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Date: January 14, 2008
2
EXHIBIT INDEX
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Exhibit No. |
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Description |
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Manner of Filing |
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99 |
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Press Release dated January 14, 2008
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Electronic |
exv99
Exhibit 99
Investors & Analysts:
John D. Emerick, Jr.
Marcy K. Oelhafen
Fair Isaac Corporation
(800) 213-5542
investorrelations@fairisaac.com
Fair Isaac Announces Preliminary First Quarter 2008 Results and
Revised Second Quarter and Full Year Fiscal 2008 Guidance
MINNEAPOLISJanuary 14, 2008 Fair Isaac Corporation (NYSE:FIC), the leading provider of
analytics and decision management technology today announced the preliminary financial results for
its first fiscal quarter ended December 31, 2007 and revised guidance for the second fiscal quarter
ending March 31, 2008 and full fiscal year 2008, both of which are lower than the companys
previously announced guidance. First quarter results are preliminary, subject to the companys
management and independent auditor completing their customary quarterly closing and review
procedures.
Preliminary First Quarter Fiscal 2008 Results
The company expects to report first quarter revenues in the range of $198 to $200 million in the
first quarter of fiscal 2008 versus $208.2 million reported in the prior year period. This is
lower than the first quarter revenue guidance of $205 million provided by the company last quarter.
Net income for the first quarter of fiscal 2008 is expected to total in the range of $19 to $21
million, or $0.37 to $0.39 per diluted share, versus $31.2 million, or $0.52 per diluted share,
reported in the prior year period. This is lower than the first quarter GAAP earnings per diluted
share guidance of $0.45 provided last quarter.
Revised Second Quarter and Full Year Fiscal 2008 Guidance
Total revenues are expected to be $205 million for the second quarter of fiscal 2008 with GAAP
earnings of approximately $0.44 per share. Full year fiscal 2008 revenue is now expected to be $825
to $835 million with GAAP earnings per diluted share of $1.80 to $1.90. This full year fiscal 2008
guidance is lower than the guidance of $850 million in revenue and GAAP earnings per diluted share
of $2.00 provided earlier by the company.
Company to Host Conference Call today
The company will host a conference call today at 5:00 p.m. Eastern Time (4:00 p.m. Central
Time/2:00 p.m. Pacific Time) to discuss these preliminary first quarter results, guidance for the
second fiscal quarter ending March 31, 2008 and for the full fiscal year 2008. The call can be
accessed live on the Investor Relations section of the companys Web site at www.fairisaac.com,
and a replay will be available approximately two hours after the completion of the call through
March 14, 2008.
Final First Fiscal Quarter Results Conference Call
The company will host a conference call on Tuesday, January 22, at 5:00 p.m. Eastern Time (4:00
p.m. Central Time/2:00 p.m. Pacific Time) to discuss its final first quarter fiscal 2008 results,
outlook for fiscal 2008 and other operational updates. The call can be accessed live on the
Investor Relations section of the companys Web site at www.fairisaac.com, and a replay will be
available approximately two hours after the completion of the call through March 22, 2008.
About Fair Isaac Corporation
Fair Isaac Corporation (NYSE:FIC) combines trusted advice, world-class analytics and innovative
applications to help businesses make smarter decisions. Fair Isaacs solutions and technologies
for Enterprise Decision Management turn strategy into action and elevate business performance by
giving organizations the power to automate more decisions, improve the quality of their decisions,
and connect decisions across their business. Clients in 80 countries work with Fair Isaac to
increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory
and competitive demands, and rapidly build market share. Fair Isaac also helps millions of
individuals manage their credit health through the www.myFICO.com website. Learn more about Fair
Isaac at www.fairisaac.com.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release
that relate to Fair Isaac 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 Companys Enterprise Decision Management strategy,
its ability to recruit and retain key technical and managerial personnel, 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, competition,
regulatory changes applicable to the use of consumer credit and other data, the possibility that
the anticipated benefits of acquisitions, including expected synergies, will not be realized and
other risks described from time to time in Fair Isaacs SEC reports, including its Annual Report on
Form 10-K for the year ended September 30, 2007. Forward-looking statements should be considered
with caution. If any of these risks or uncertainties materializes or any of these assumptions
proves incorrect, Fair Isaacs results could differ materially from Fair Isaacs expectations in
these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking
statements.