Acxiom Corp. Earnings Rise 4 Percent in Third Quarter

by Luke Jones  on Wednesday, Jan. 29, 2014 5:20 pm  

Scott Howe

Warren Jenson, Acxiom's CFO, said during the call that the company in its last quarter was working to reduce its annual cost base by $20 million to $30 million. He said the company was "on track" to meet these cost-cutting goals, which have included an unspecified number of layoffs throughout the company's footprint.

"We're off to a good start," Jenson said. "We're halfway through our de-layering. Next is the separation of our business units. Our separately audited financial statements are nearly complete."

Jenson noted that Acxiom is "carefully looking at" how the company does business globally and intends to focus it down to data marketing and the ASO product.

"We still have a lot of work to do, but we like our hand, and we feel like we're on the right track," Jenson said.

(Editor's Note: An earlier version of this article misstated Acxiom's third-quarter profit. That figure has been corrected.)

 

 

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