Browsing Tag
VantageScore
2 posts
Equifax shares surge as VantageScore adoption offsets weaker mortgage outlook
Equifax reported third-quarter revenue of $1.69 billion and higher earnings as its diversified data businesses expanded. Despite lowering annual revenue expectations because of weakness in the American mortgage market, investors responded positively to accelerating VantageScore adoption and new opportunities in credit analytics.
FICO revenue jumped 26%, yet it is cutting 15% of jobs. What changed so quickly?
Fair Isaac Corporation is eliminating about 15% of positions while flattening management and integrating artificial intelligence into product development, even after quarterly revenue surged 26%, making the restructuring as much about competitive pressure and operating design as conventional cost cutting.