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Perhaps most impressive this quarter was the strength of results across our entire portfolio. In Applications, revenues were up 19% over the prior year. Much of this is due to some term license renewals. We also drove double-digit growth in transactional volumes. This of course is key to our cloud strategy as our customers use our products across larger portions of their enterprise, we can drive sustainable recurring revenue growth. We had a particularly strong quarter in our banking fraud solutions business, where we closed some large renewals and also signed some sizable new deals. We also had a good quarter in our Customer Communication Solutions, where we had nice transactional volume growth.

In our Decision Management Software segment, we're seeing significant growth in both bookings and revenue. DMS revenues were a record $33 million led by sales of our decisioning platform and Blaze. We also had 37 million of new DMS bookings, a record quarter and up 35% from the previous year. We signed a number of Decision Management platform deals, steadily gaining more traction. Throughout our software business, we're selling more cloud deals. They accounted for more than 40% of our total bookings this quarter.

In the Scores business, we had another record quarter at $115 million of revenue, with both volumes and unit pricing up over last year. B2C revenues were up 8% this quarter and our B2B revenues were up 36% over the same period last year. The B2B growth was driven by increased originations and account management volumes as well as the continuing impact of the pricing initiatives we discussed last quarter. We see strength throughout the various verticals and life cycles and the Scores segment and expected to continue to perform well.

We're also making progress on data decision cloud partnership with Equifax that we announced back in March. Our teams are working together to bring three products to market. First, a connected platform integrating our Decision Management Solution with Equifax's extensive data. Second, our suite of AML and KYC technology will use Equifax's differentiated data to offer a full service best-in-class compliance offering. And third, pre-screen Central integrates FICO's Marketing Solutions products with Equifax's consumer data to deliver our direct marketing solution. We'll keep you posted on progress we're making with this exciting partnership.

Finally, we continue to deploy significant resources to our share repurchase program. In the third quarter, we spent $59 million and another $20 million in July for a total so far this fiscal year of $199 million. We exhausted the 2018 board authorization, and today, we announced a new $250 million share repurchase authorization.

I'll share some summary thoughts later, but now I'd like to turn the call over to Mike to take you through our financial results.

Michael J. Pung -- Executive Vice President and Chief Financial Officer

Thanks, Will, and good afternoon, everyone. Today, I'll emphasize three points in my prepared comments. First, we delivered $314 million of revenue, an increase of $59 million or 23% year-over-year. Recurring revenue was $226 million, up 18% from last year. Second, we delivered $64 million of GAAP net income, which is up 116% year-over-year. And finally, we had $61 million of free cash flow this quarter, and we spent $59 million of it on share repurchases.

I'll begin by breaking the revenue down into our three segments. Starting with Applications, where revenues were $166 million or up 19% versus the same period last year. We had a particularly strong quarter in fraud, which was up 80% in part due to some term license renewals. We also had a good quarter in our CCS business, which was up 13% compared to last year. And we also saw strong volumes throughout the portfolio with recurring revenues up 10%.

We had another good quarter in our Decision Management Software segment, where revenues were at $33 million, up 31% versus the prior year, with strong platform and Blaze sales. Recurring revenue in DMS were up 14% from the previous year. Bookings were a record $37 million or up 35% from last year.

And finally, of course, in our Scores segment, revenues were a record $115 million, up 27% from the same period last year and 10% over last quarter. On the B2B side, we're up 36% versus the same period a year ago, and B2C revenues were up 8% from the same quarter last year.

Looking at revenue by region. This quarter 72% of total revenues were derived from the Americas. The EMEA region generated 21% and the remaining 7% was Asia Pacific. Recurring revenue derived from transactional and maintenance sources for the quarter represented 72% of total revenue. Consulting and implementation revenues were 14% of total revenue and license revenues were 14% of total revenue. Cloud revenues were $69 million this quarter, up 19% from last year.

Bookings this quarter were $109 million, down about 9% from the prior year. We generated $16 million of current period revenues on those bookings for a yield of 15%, and the weighted average term of our bookings was 38 months of this quarter. We had 19 deals over a million, four of which were over $300 million. Cloud bookings were $46 million this quarter and $119 million year-to-date, which is up 24% from last year.

While we are pleased with the sixth straight quarter above $100 million in bookings, year-to-date, we are still facing below our expectations, which is important as bookings generate future revenue.

Operating expenses totaled $229 million this quarter compared to $230 million in the second quarter. We expect to maintain a similar run rate in the fourth quarter, while actively investing our resources in our highest strategic priorities. Our non-GAAP operating margin, as shown in our Reg G schedule was 34% for the quarter and 29% year-to-date. We expect the full year operating margin to be around that 29%.

GAAP net income this quarter was $64 million or $2.12 a share and non-GAAP net income was $76 million or $2.50 a share, and the effective tax rate was about 18% for the quarter. We expect our annual tax rate to be about 14%. The free cash flow for the quarter was $61 million versus $72 million in the prior year. And for the trailing 12 months, our free cash flow was around $200 million.

Now turning to the balance sheet, we had $79 million of cash at the end of the quarter. Our total debt is $828 million with a weighted average interest rate of about 4.7%. The ratio of our total debt, net debt to adjusted EBITDA this quarter is down to 2.3 times, which is well below our covenant level of three times

During the quarter, we returned $59 million in excess cash to our investors, repurchasing 205,000 shares at an average price of about $289 a share. We also purchased an additional 20 million in July, which exhausted the board authorization from last year. We have repurchased more than 840,000 shares this fiscal year at an average price of $237. We announced earlier today, the Board has approved a new $250 million authorization and continue to view share repurchases as an attractive use of our cash. And we also continue to actively evaluate opportunities to acquire relevant technologies and products that advance our strategy or strengthen our portfolio and competitive position.

Now with one quarter remaining in our fiscal year, we are reconfirming our guidance that we updated last quarter. With revenue of $1.14 billion, GAAP net income of $173 million and GAAP EPS of $5.75. Of course non-GAAP net income is $214 million and non-GAAP EPS is $7.12.

Finally, as you know, this is my 60th and last official earnings call. For those of you on the call that cover FICO, I've appreciated the time we spent discussing our company and getting to know each of you on a personal level. I'd also like to give my heartfelt thanks to all the members of our finance team. Your hard work, dedication and commitment to operate with the highest standards has given me confidence in reporting our results over the years. And finally, I'd like to thank our investors for the trust and faith you have placed in me as a steward of these amazing assets.

With that, I'll turn the call back over to Will for some final comments.

William J. Lansing -- President and Chief Executive Officer

Thanks, Mike. Next quarter, we'll talk about our expectations for 2020, but for now, I'd like to review what we've been able to accomplish in 2019. In Scores, we continue to find new ways to extend the analytics in both the B2B and B2C markets, and we're working hard to make sure pricing is appropriate, given the massive value that the FICO Score adds in the financial markets. On the Software side, we're steadily growing our cloud business and our products are well positioned to serve customers looking to use analytics to make better decisions. As I've often said, these are exciting times at FICO, we have a very strong team helping our customers solve their most difficult problems and we continue to develop and market world-class technology you put advanced analytics into production to make better decisions.

Finally, I would like to thank Mike, who is retiring after nearly 15 years with FICO, the last nine as Chief Financial Officer. During his career, FICO revenues grew from around $600 million in fiscal 2010 to this year's guided $1.1 billion. Mike oversaw an ambitious long-term stock buyback program that increased value for shareholders, while enabling FICO to advance its innovations and analytics and solution development. Mike has been a great CFO. He distinguished himself with the Board and with our investors and guided us through the last recession, driving critical resource allocation decisions that gave FICO the runway to invest again in new products and services. We thank him and wish him well. I'd also like to welcome Mike McLaughlin to FICO as our new CFO. Mike will be joining us from Morgan Stanley, where he was a Managing Director and Head of Technology Corporate Finance. He brings us a wealth of leadership experience in both financial services and technology. He'd be starting next week and looks forward to meeting with many of you in the coming months.

I'll now turn the call back to Steve for Q&A.

Steven P. Weber -- Vice President, Treasurer and Investor Relations

Thanks, Will. This concludes our prepared remarks and we're ready now to take your questions. Operator, please open the lines.

Questions and Answers:

Operator

Thank you very much. [Operator Instructions] Our first question comes from the line of Manav Patnaik from Barclays. Your line is over.

Manav Patnaik -- Barclays -- Analyst

Thank you, good evening. And firstly congratulations and a big thank you to Mike as well. If I could just start with the bookings comments that you made about it being below expectations. And I was just wondering if you could help give a little bit more color on maybe how much below and why you think it is below the expectation?

Michael J. Pung -- Executive Vice President and Chief Financial Officer

I guess I would say, I wouldn't put too much stock in it, that number does move around, how it is when deals push at the end of the quarter. We've pretty consistently shared with you that we don't do unnatural acts to close deals at the end of the quarter. And so while we have an internal budget that has numbers for each quarter. I wouldn't read too much into it.

Manav Patnaik -- Barclays -- Analyst

Got it. And then maybe along the same lines, like you obviously had a pretty good quarter, and I guess I just wanted to get some sense on maybe why there wasn't a guidance raise involved in there with only a quarter to go, presumably there's enough visibility there?

William J. Lansing -- President and Chief Executive Officer

You know that cuts both ways. Yes, there's enough visibility, but at the same time, we're one quarter away from closing out the year. I'm not sure what the point would be in raising guidance at this point.

Manav Patnaik -- Barclays -- Analyst

Okay. And then maybe just one last one from me. We obviously heard Equifax talk about these products that you guys are putting out together. Just can you just help us with a little bit on, is it a revenue share model or who is going to do most of the heavy lifting on the sales front? Any other color there, please.

William J. Lansing -- President and Chief Executive Officer

Sure. I mean it is a rev share model. We're in it together. We're trying to market the solution as a joint solution and make it easier for the customer to get the end-to-end solution that we have on offer. It's -- the sales effort is on both sides and it depends on who has which relationships and which product that we're -- product and service we're working with. So I think that varies.

Manav Patnaik -- Barclays -- Analyst

Okay, got it. Thank you, guys.

Operator

Our next question comes from the line of Bill Warmington with Wells Fargo. Your line is open.

Bill Warmington -- Wells Fargo -- Analyst

Good afternoon to everyone.

Michael J. Pung -- Executive Vice President and Chief Financial Officer

Hi, Bill.

William J. Lansing -- President and Chief Executive Officer

Hi, Bill

Bill Warmington -- Wells Fargo -- Analyst

So the Scores revenue looked particularly strong this quarter, accelerating from last quarter. Is there any reason why that Scores volumes should decline next quarter. It seems like it's pretty much a stair-step in terms of the price increases coming on?

Michael J. Pung -- Executive Vice President and Chief Financial Officer

Well, Bill. So we -- this quarter we saw of course some of the additional feathering in of our auto scores that we described in the last call. We also saw a couple of residual customers start to roll-in on the mortgage increase we did just over a year ago. And so beyond that, we had a small audit settlement, that's a one-timer. That wasn't in these numbers. From time to time, we have global FICO Score deals that are license oriented and we had a little bit of that this quarter. Those come and go on a variety of basis. And we saw volume increases in the mid-single digit range, and in a couple of cases, on the origination side a little bit better than that.

So with all that as a background, the revenue model could grow assuming volumes continue to grow strongly over where it was last year in the fourth quarter. And that's probably the biggest variable that's uncertain at this point is, is how much the volumes will look like in our fourth quarter, and whether we have any other kind of one-timers that come along.

Bill Warmington -- Wells Fargo -- Analyst

Okay. So now CCS, there've been some client departures last quarter. But this quarter you guys signal that [Indecipherable] as being particularly strong performance. I just wanted to ask about how that business was doing? What did happened with those clients who had left? And whether you've been able to get new clients to replace them? And just a little color on that.

William J. Lansing -- President and Chief Executive Officer

Yeah, I'd say that we have business coming in and business going. Some of the business goes when big banks decide that they're going to try achieve the same thing that our CCS offering does on their own by putting together with a fair bit of systems integration on their side. The components of it, and while we have very large banks, who are happy with CCS, but there's also the ones that that used to go it alone. We are adding business. We're adding business in Asia. We're adding business around the world. And so it's -- we're still very happy with the business.

Bill Warmington -- Wells Fargo -- Analyst

Yeah. So I noticed that the average term of the bookings this quarter went up to 38 months and maybe you could talk a little bit about that occurrence. Is that a one-off event in terms of some of the deals that you signed or maybe you can give us a little color on what's behind that increase?

William J. Lansing -- President and Chief Executive Officer

It's been trending upward for years, and I think it's a reflection of the fact that the solutions that we're putting in place are more complex more comprehensive and once installed, the customer has a desire to lock down a longer term, and so we're seeing some of that. We don't have tremendous financial incentives for our salespeople to go push long-terms. We really want to do just what the customer wants. And so I would say that the term length is really dictated by the customer. And I think it's largely because they put in our solutions and they're not quick to take them out and they feel more comfortable signing up a bigger deal.

Bill Warmington -- Wells Fargo -- Analyst

And how is the rollout of Falcon X doing?

William J. Lansing -- President and Chief Executive Officer

It's rolling. We're excited about the prospects we're getting it out into the marketplace. The early reception to what's coming has been extremely positive. And so we think we have the right -- we have the right solution coming at the right time. We have a lot of people working on it right now.

Bill Warmington -- Wells Fargo -- Analyst

So, and then last question from me is on the ultra FICO score, Experian has been running ads on their Boost product. I wanted to know if that is actually generating revenue for you yet or is it still pre-revenue?

William J. Lansing -- President and Chief Executive Officer

With Boost, we actually participate in that. With ultra FICO, we're not generating revenue yet. We're in test mode, still.

Bill Warmington -- Wells Fargo -- Analyst

Got it. All right, before I go. I just wanted to say congratulations to Mike on a great run and happy trails.

Michael J. Pung -- Executive Vice President and Chief Financial Officer

Thank, Bill. Will come on and see you some time.

Bill Warmington -- Wells Fargo -- Analyst

Pleased to do.

Operator

[Operator Instructions]. Our next question comes from the line of Brett Huff with Stephens. Your line is open.

Brett Huff -- Stephens -- Analyst

Hey guys, congrats on a nice quarter and thanks for the detail as always. And, Mike, sorry to see you go, but hope things go well in the next chapter.

Michael J. Pung -- Executive Vice President and Chief Financial Officer

Appreciate that, Brett.

Brett Huff -- Stephens -- Analyst

Well, thanks for taking the questions as always. Can you guys -- you guys talked a little bit about some of the SaaS products that you're developing and I know that we're midstream on those. Can you give us, I don't know if you mentioned TRIAD or the next-gen product that TRIAD is -- I think it's a customer director, if I'm remembering right. Any updates on how that's coming along ?

William J. Lansing -- President and Chief Executive Officer

Yeah, it's actually called Strategy Director, which is [Indecipherable] to TRIAD and it's -- customer management is what it does. It's going really well. So there is absolutely appetite in the market for it. And for us, Strategy Director is a lot of the TRIAD functionality but ported over to our decision management platform business, and that's becoming increasingly important for us. I mean, we're really focused on how do we solve our customers' needs with our platform solution. And although we still sell some things that are not on the platform. Increasingly, the solutions are on the platform. And so originations is on the platform, Strategy Director is now on the platform, Falcon X will be on the platform. And so this idea of getting to a unified kind of single code base platform with tremendous ease of use and ability to manipulate data across different -- for different purposes, it's coming together very nicely. But with respect to Strategy Director in particular, doing very well. We're selling it and we're happy with it.

Brett Huff -- Stephens -- Analyst

That's a nice segue into my next question, I know a lot of folks look at your business and think there's sort of margin in there to be realized over time. Now you're investing kind of in demand that you really see coming over the hill. Just kind of -- you're mentioning sort of centralizing on a more common platform raises that question or maybe highlights that possibility for showing some more margin over time. Is that how we should think about it? Is that sort of a gross margin focus once you get everything centralized? And how do we think about the tenure of that?

Michael J. Pung -- Executive Vice President and Chief Financial Officer

Yeah, I would say that's a very stud question, because that really is how you should think about it. Today, we have a really broad portfolio of software solutions with a lot of customization and it's expensive to -- not expensive, but it takes a lot of PS resources to install and to customize to our customer satisfaction. And with the platform that's going to be simplified. With the platform there'll be a lot much higher level of configuration, there'll be returns to scale for us, and there'll be benefits for the customer from the total cost of ownership. So as more and more of our new business winds up on the platform. Yes, I think it's reasonable to expect that margins will go up. That's not guidance for next year, but that's just a reality that it's in the economics of getting to a platform business.

Brett Huff -- Stephens -- Analyst

That's helpful. And then can you just remind us your view on total scores through the cycle. And if I recall, I think it went from maybe $8 billion and we're now at $11 billion something like that. Is your sense -- at first remind us if that's right. And the second is we get a lot of questions, is the FICO score less cyclical now than it was before. I think the answer is yes, but kind of give us your view on that and how honestly revenues will go for scoring but how the durability of the score usage might be this time around if we have a recession?

Michael J. Pung -- Executive Vice President and Chief Financial Officer

Sure. So the low point was right after the 2008 reset and we were about $9 billion scores then. The high point was 13.5 billion right before that. Today we have not yet hit that $13.5 billion -- I'm sorry $14.5 billion today, so we've just surpassed that level. But the more important part of your question is right, which is how sensitive are we to economic cycles and what happens in the future? And I would say that we have a lot more scores than we used to have. I mean we have more breadth there. We're starting to sell scores internationally and so there's a little bit of high diversification there, and we have more flexibility in what we charge. So I think that the -- well, obviously, we're not immune, we would suffer with volumes declining. I don't think it would be anything like what it once was.

Brett Huff -- Stephens -- Analyst

Okay. And then last question from me, when we think about DMS and I think about Big Data and analytics. I think the Equifax partnership looks great. But it seems to me that DMS and Big Data are going to be, I'm not sure, is there a killer app for Big Data out there. I know you kind of had killer apps in Falcon and TRIAD, I know those are all kind of based on the same thing. But are you seeing emerging a use case that that we're not seeing yet that you're getting more excited about that might power more consistent DMS growth?

William J. Lansing -- President and Chief Executive Officer

We definitely expect mortgages in DMS growth and a lot more of it. I'm not sure that I would call it a single use case except it's a very high level. I think that the use case is digital transformation. I think what we have is a situation where financial services has run 7%, 8% of GDP for quite a long time. And over the coming 10 years, it will probably get cut into half as those products and services are provided through automation, through using lower cost means. And I think that our decision management platform is aimed at providing data driven decisioning to power those kinds of decisions.

So I would say that as banks continue on their journey to -- their digital transformation journey, as they continue to try to look at different data to have a more comprehensive view of a customer, the forensic review of the customer. As they seek to understand the customer journey better, all those things speak to the value of our decision management platform as a solution.

I don't think it's a single use case, I mean I think historically banks have had a need for a single use for originations for some area, for collections and recovery for some area, for fraud for some area. I think increasingly, we're going to see the lines blur there and banks will be seeking more comprehensive solutions, but the likes of which we have in decision management suite.

Brett Huff -- Stephens -- Analyst

Great. Thanks for taking my questions and good luck, again, Mike.

Operator

Next question comes from the line of Adam Klauber with William Blair. Your line is open.

Adam Klauber -- William Blair -- Analyst

Good afternoon. Thanks. As far as price increases, you obviously got mortgage, auto. How is the dialog now on credit cards and if you could give us an idea. Do you think that's likely or unlikely?

Michael J. Pung -- Executive Vice President and Chief Financial Officer

I think that the -- all the scores beyond mortgage and auto is a bigger and more disparate group of scores, and so there is not a simple answer to that. I think that we're -- we always evaluate where there's opportunities and it's not as clean as saying well here's the next thing that we're going to go do. But I think you can expect that we'll systematically look for opportunities.

Adam Klauber -- William Blair -- Analyst

Okay. And then on the Scores, what do you think is going to drive B2C revenues going forward -- revenue growth going forward. Still growing at a decent pace, but somewhat slower than it was in the last year or two?

William J. Lansing -- President and Chief Executive Officer

I would say, more of the same. It'll be some time before ultra FICO and things like that really make an impact. The volumes were more of a lagging indicator than a leading indicator. And so the volumes, you have greater visibility into what the volumes are likely to be than I would say we do, because we follow interest rates. So I think your guess is as good as ours on where it goes, we feel pretty good about things. But I think you should consult your own crystal ball.

Adam Klauber -- William Blair -- Analyst

Sure. Okay. And then as far as Falcon, I know you've had some sales internationally, I think South America. How is the pipeline for future Falcon sales?

William J. Lansing -- President and Chief Executive Officer

Strong and South America has been really strong.

Adam Klauber -- William Blair -- Analyst

Okay.

Michael J. Pung -- Executive Vice President and Chief Financial Officer

That's some of our biggest deal. Adam some of our deals this quarter were Falcon and Falcon in the cloud. Two of our top 10 as an example were deals that we signed down in Latin America in the last three months that were tied to Falcon. So despite the fact that we have a pretty big installed base, there are pockets of opportunity especially with the cloud that are coming along.

Adam Klauber -- William Blair -- Analyst

Okay. Thanks a lot guys.

Operator

And gentlemen, there are no further questions at this time, I'll turn the call back to yourselves. Please continue with your presentation or closing remarks.

William J. Lansing -- President and Chief Executive Officer

Thank you very much. That concludes today's call . Thank you all for joining.

Operator

[Operator Closing Remarks]

Duration: 33 minutes

Call participants:

Steven P. Weber -- Vice President, Treasurer and Investor Relations

William J. Lansing -- President and Chief Executive Officer

Michael J. Pung -- Executive Vice President and Chief Financial Officer

Manav Patnaik -- Barclays -- Analyst

Bill Warmington -- Wells Fargo -- Analyst

Brett Huff -- Stephens -- Analyst

Adam Klauber -- William Blair -- Analyst

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