Fair Isaac (FICO, Financial) continued to reap the rewards of recent initiatives that have reaccelerated revenue growth in its core, high-margin credit score business—the ubiquitous, industry-standard FICO score. Fair Isaac has also been broadening its addressable market, which is aimed at assessing the creditworthiness of borrowers with little or no credit history, while growing its financial software business. These efforts paid off in the form of double-digit revenue and EPS growth in 2019.
From Chuck Royce (Trades, Portfolio)'s Royce Premier Fund fourth-quarter 2019 commentary.
