FICO forecasts weak annual outlook even as scores segment remains strong

• The company, which has been in business for 70 years, reported adjusted profit of $276.6 million, or $12.18 per share, for the three months ended June 30, compared with $210.6 million, or $8.57, a year earlier.
• Scores revenue, which includes its business-to-business and business-to-consumer scoring solutions, rose to $458.9 million in the third quarter, from $324.3 million in the year-ago period.
• The Bozeman, Montana-based company's software revenue rose 2% year-over-year to $215.3 million in the quarter. Its total revenue jumped 25.7% to $674.2 million from a year earlier.

July 29 (Reuters) - Credit scoring giant Fair Isaac Corp FICO.N lifted its annual profit and revenue forecast on Wednesday, though it remained below analysts' estimates, even as demand for its credit-scoring products stayed strong.

The firm is best known for its FICO score, the standard measure of consumer credit risk used by banks, credit card issuers, mortgage lenders and auto loan providers.

Here are some more details:

• FICO now sees full-year 2026 revenue of about $2.53 billion, up from its previous forecast of $2.45 billion. Analysts on average expected $2.55 billion, according to estimates compiled by LSEG.
• The company, which has been in business for 70 years, now expects adjusted profit of $42.43 per share, compared to its prior forecast of $40.45. Analysts on average had expected $43.18 per share, according to estimates compiled by LSEG.