CEO William J. Lansing defended FICO’s mortgage score business against regulatory pressure and competition. He attributed recent stock volatility to Washington scrutiny rather than weakening company fundamentals. Lansing maintains that the FICO Score 10T is more predictive than competing models.
The company reiterated its commitment to aggressive share buybacks. Lansing described FICO as a slow-moving LBO that uses consistent cash flow to repurchase stock.
Executives identified software and AI-driven solutions as primary long-term growth drivers. The company’s decisioning platform grew 49% last quarter. This platform now represents a significant portion of the software business.