Fair Isaac Corporation reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported net income of $14.4 million, or $0.43 per share, against of $17.0 million, or $0.47 per share, reported in the prior year period. Non-GAAP Net income for the quarter was $22.6 million against of $26.2 million in the prior year period. Non-GAAP EPS for the quarter was $0.68 against of $0.73 in the prior year period. Free cash flow for the quarter was negative $4.9 million against of $25.5 million in the prior year period. Revenues were $189.5 million compared to $184.3 million reported in the prior year period, an increase of 3%. Operating income was $24,880,000 compared to $35,270,000 a year ago. Income before income taxes was $18,324,000 compared to $27,183,000 a year ago. Net cash provided by operating activities was $1,360,000 compared to $28,378,000 a year ago. Purchases of property and equipment were $5,667,000 compared to $2,154,000 a year ago.

The company revised earnings guidance for the full year of 2015. For the period, the company expects revenue to be in the range of $830 million to $835 million compared to previous guidance of $820 million to $825 million. GAAP Net Income expected to be in the range of $92 million to $95 million compared to previous guidance of $92 million to $95 million. GAAP Earnings per share expected to be in the range of $2.78 to $2.88 compared to previous guidance of $2.78 to $2.88. Non-GAAP net income expected to be in the range of $131 million to $134 million compared to previous guidance of $131 million to $134 million. Non-GAAP Earnings per share expected to be in the range of $3.97 to $4.06 compared to previous guidance of $3.97 to $4.06.