What happened Shares of Fair Isaac (NYSE: FICO) jumped as much as 10% this morning after the company reported fiscal fourth-quarter earnings. As of 12:10 p.m. EST, the stock was up 8%. So what Revenue in the fiscal fourth quarter came in at $374.4 million, well ahead of the $316.4 million in sales that Wall Street analysts were modeling for. That resulted in adjusted net income of $97 million, or $3.25 per share, compared to the consensus estimate of just $2.32 per share in adjusted profits. The analytics software company, which also created the popular FICO credit score, said bookings were $234.6 million. Image source: Getty Images. "We had a remarkably strong finish to another great year," CEO Will Lansing said in a statement. "Even in a period of economic volatility, we delivered record revenues, net income and cash flows." Now what The decision management software applications segment, which is Fair Isaac's largest business, saw sales jump 12% due to increased demand for fraud detection and debt management applications. Revenue in the scores business increased by 32% as mortgage origination volumes rose and the company booked a one-time royalty gain. Fair Isaac did not provide specific guidance for fiscal 2021 due to ongoing macroeconomic uncertainties related to the pandemic, but it did offer some qualitative commentary. The company has shifted to a subscription model, which will impact how revenue is recognized. Unlike on-premise software sales, that revenue will not be recognized up front but will instead be spread out over time. "We can't pin down exact expectations [for fiscal 2021] but we've proven our business is remarkably resilient, and we're well positioned for the future," Lansing said on the analyst conference call. "We'll continue to innovate, fine tune and improve our business model with an eye toward improving margins and delivering on our potential." 10 stocks we like better than Fair IsaacWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Fair Isaac wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Fair Isaac. The Motley Fool has a disclosure policy.Source