Acxiom 3Q Profit Up 83 Percent to $14.5 Million

Acxiom Corp. of Little Rock on Wednesday reported third-quarter net income attributable to the company of $14.5 million, up 83 percent from the same quarter last year.

According to the release, total revenue for the quarter was $273 million, down 2.8 percent from $280 million in the same quarter last year.

Net earnings per diluted share attributable to Acxiom shareholders were $0.19, a 90 percent increase over last year's $0.10.

"Revenue from our top 100 U.S. marketing and data services customers was up over 7 percent this quarter and up over 9 percent year-to-date," Acxiom CEO Scott Howe said in the release. "While we are pleased with this information, we also recognize we have work to do in order to further expand our client base and reignite growth with our small and mid-tier customers."

The data services firm said revenue from continuing operations was $273 million, down 3 percent compared to $281 million in the same quarter last year. Income from continuing operations reached $27 million, up 73 percent from $16 million during the same quarter last.

But excluding unusual items, operating income for the quarter dropped 13 percent.

Since last year's fourth quarter, revenue in Acxiom's company segments shaped up like this: 

  • Marketing and data services revenue increased to $190 million from $187 million;
  • U.S. marketing and data services revenue reached $160 million, up 4 percent from $155 million.
  • IT infrastructure management revenue was $70 million, down 9 percent from $77 million.

Looking ahead, Acxiom said it expects revenue for the fiscal year to be down about 2.5 percent as compared to $1.131 billion in the prior year. "The decline is projected primarily as a result of decreases in IT infrastructure management and international operations," the company said.

The company added that it expects earnings per diluted share of up to 73 cents as compared to previous guidance of about 70 cents.