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Acxiom Reports 2Q Loss of $3.3M, Revenue Up 4 Percent

2 min read

Acxiom Corp. of Conway on Wednesday reported a second-quarter loss of $3.3 million, down from a profit of $7.1 million in the same quarter a year ago.

Acxiom’s loss per share was 4 cents, down from a profit of 9 cents in the second quarter of 2016.  The data services company’s revenue was $225 million for the quarter, up 4 percent year-over-year.

Acxiom’s fiscal year ends on March 31.

Acxiom (Nasdaq: ACXM) also reported that operating income was break-even at $7 million. The company said it missed out on $8 million in revenue because of the sale of its Impact email business.

“In the second quarter, we strengthened our position as the leader in omnichannel identity and data connectivity,” CEO Scott Howe said in a news release. “Our solid financial results are bolstered by continued innovation and our commitment to clients. During the quarter, we launched IdentityLink for Agencies, announced a groundbreaking new partnership with American Express and were recognized by Citibank for our high levels of service and performance.”

The company repurchased 860,000 shares for about $20 million during the quarter. 

Revenue from Acxiom’s connectivity segment rose during the second quarter, while revenue from its audience solutions segment was unchanged and its marketing services segment revenue fell.

Income from operations was also a mixed bag for the segments, as it increased year-over-year for connectivity and marketing services but decreased for audience solutions.

Revenue from the company’s connectivity segment was $52 million, up 58 percent. The segment reported $6 million in income compared to income of $2 million for the same quarter a year ago.

Revenue from the audience solutions segment was $79 million, unchanged from a year ago. The segment reported income of $29 million, down 2 percent from last year’s second quarter.

Revenue from the marketing services segment was $94 million, down 11 percent year-over-year. The segment reported income of $22 million, up 10 percent year-over-year.

The company said it expects its current fiscal year’s revenue to be between $920 million and $930 million, with a loss per share of between 4 and 8 cents. 

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