Acxiom Corp. of Little Rock on Thursday reported a net loss of $6.03 million during the fourth quarter of fiscal 2015 and a full-year net loss of $11.03 million.
The company released its earnings report a day after announcing it had reached an agreement to sell its IT Infrastructure Management business. On the same day, it released preliminary earnings results, including reporting a net loss per diluted share of 8 cents compared to a net loss of 33 cents per diluted share the year before.
Other highlights from the full earnings report released Thursday included:
- Revenue from marketing and data services was $206 million, which was down 2 percent compared to last year
- Revenue from IT Infrastructure Management was $52 million, which represents a decline of about 12 percent compared to the year before
For the full year, Acxiom reported revenue from its marketing and data services was $805 million, which was “roughly flat” compared to the year before. Connectivity revenue, which is a subset of the marketing and data services figure, was $63 million, up 326 percent compared to the year before.
“Connectivity’s strong performance in the fourth quarter capped off a year of explosive adoption and growth,” Acxiom CEO Scott Howe said in a news release. “Our focus in fiscal 2016 is on aggressively extending our early lead in onboarding and Connectivity, and returning our Marketing and Data Services business to a position of growth.”
Acxiom estimated revenue from continuing operations to be between $815 million and $840 million in fiscal 2016. Earnings per diluted share from continuing operations are expected to be between 40 cents and 50 cents.