Acxiom Yearly Profit Down; Company Sees Revenue Growth in 2018

by Lance Turner  on Tuesday, May. 16, 2017 3:52 pm   1 min read

Acxiom Corp. of Conway remained profitable in fiscal 2017 and revenue rose 3.5 percent, as the publicly traded data services provider called for more revenue growth in 2018.

The company (Nasdaq: ACXM) reported fiscal 2017 net earnings of $4.1 million, down nearly 39 percent from the previous year, on revenue of $880.2 million, up 3.5 percent from 2016. Diluted earnings per share came in at 5 cents, down from 9 cents last year.

On a quarterly basis, Acxiom widened its fourth-quarter loss, reporting a net loss of $8.1 million, greater than the $1.6 million loss it reported in the same quarter last year. Revenue was $224.9 million, up 0.1 percent from last year. The net loss came to 10 cents per diluted share, greater than 2 cents last year.

In the third quarter, Acxiom reported net earnings of $1.07 million, up from $1.41 million loss in the third quarter of the previous year.

Acxiom called 2017 "a milestone year" for the company.

"Each of our businesses delivered revenue growth and margin improvement, and we made a number of strategic moves to accelerate our vision of powering a world where all marketing is relevant," CEO Scott Howe said in a news release. "We enter fiscal 2018 from a position of strength and industry leadership and remain committed to delivering even more value to our clients and shareholders."

Looking ahead, Acxiom called for fiscal 2018 revenue of about $945 million, up 7 percent year-over-year, and a loss of 9 cents per share.

 

 

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