Fair Isaac Corporation announced unaudited consolidated earnings results for the first quarter ended December 31 2016. For the quarter, the company reported total revenue was $219.600 million against $200.076 million a year ago. Operating income was $34.927 million against $30.834 million a year ago. Income before income tax was $28.655 million against $23.776 million a year ago. Net income was $37.901 million against $19.241 million a year ago. Diluted earnings per share were $1.16 against $0.59 a year ago. Net cash provided by operating activities was $32.978 million against $50.629 million a year ago. Purchases of property and equipment were $4.319 million against $4.294 million a year ago. Non-GAAP net income was $33.492 million against $32.107 million a year ago. Non-GAAP diluted earnings per share were $1.03 against $0.99 a year ago. The free cash flow for the quarter was $28 million, which included the impact of the new accounting standard. On a comparable basis, free cash flow was $46 million in the prior year. Total debt was $621 million.

The company revised earnings guidance for the fiscal 2017. The company now expects revenue of $925 million. GAAP net income expected $126 million or $3.92 per diluted share against $109 million or $3.39 per diluted share of previous guidance. Non-GAAP net income expected $158 million or $4.92 million a year ago. Expected operating margin to be between 26% to 28% for the full year. The company expected the unaffected or normalized tax rate to be about 29% to 30% for the full year before any impact of the accounting standard. Free cash flow expected $168 million.