News Column

Acxiom Announces First Quarter Results

August 4, 2014

Maintains Guidance for the Year

LITTLE ROCK, Ark.--(BUSINESS WIRE)-- Acxiom® (Nasdaq: ACXM), an enterprise data, analytics and software-as-a-service company, today announced financial results for its first quarter ended June 30, 2014.

First Quarter Financial Highlights

  • Total revenue was down 6 percent compared to the first quarter of fiscal 2014 as a result of expected IT Infrastructure Management declines and European restructuring.
  • Marketing and Data Services revenue was $187 million, slightly down compared to the first quarter of fiscal 2014.
  • IT Infrastructure Management revenue was down, as expected, approximately 20 percent compared to the same period a year ago.
  • Gross media spend through the Audience Operating System™ was approximately $28 million, up 87 percent compared to the fourth quarter of last year.
  • GAAP operating income and diluted earnings per share were down due to one-time expenses associated with business separation and transformation activities.
  • Net loss per diluted share from continuing operations was $0.08 compared to earnings per share of $0.17 a year ago. Unusual items and non-cash compensation expense impacted GAAP earnings per share by $0.21 in the quarter. Unusual items included expenses associated with the Company’s restructuring activities, separation and transformation initiatives, and the acquisition of LiveRamp, Inc.
  • Operating cash flow from continuing operations was $149 million for the trailing twelve months, down 11 percent compared to the same period a year ago. Free cash flow to equity was $56 million for the trailing twelve-month period compared to $70 million for the comparable period. The decline was primarily due to cash restructuring and separation and transformation expenses and higher capital spending.
  • Non-GAAP operating income and diluted earnings per share were down primarily due to the declines in the IT Infrastructure Management business.
  • Excluding unusual items and non-cash compensation expense, diluted earnings per share were $0.13 compared to $0.19 a year ago.
  • Excluding unusual items and non-cash compensation expense, operating income was $19 million, down from $27 million for the same period last year. The change was due to the expected declines in the IT Infrastructure Management business and, to a lesser extent, higher R&D expenses.
  • The Company reiterates its full year revenue and earnings per share guidance.

    A reconciliation between GAAP and non-GAAP results is attached to this release.

    During the quarter, the Company announced its acquisition of LiveRamp, an industry leader in connecting first and third party offline data with the digital marketing ecosystem. In addition, Acxiom completed the sale of its U.K. call center business, 2Touch. As a result, 2Touch results for the current and prior years are presented as discontinued operations in the consolidated statement of operations. Revenue and expenses related to discontinued operations are netted and presented on one line, net of tax, in the statement of operations.

    The integration of LiveRamp is off to a great start,” said Acxiom CEO Scott Howe. “This quarter we added 7 new AOS™ clients and are in the process of introducing LiveRamp to our customer base. Exciting opportunities lie ahead as we build toward a connected ecosystem of customers, publishers and marketing applications.”

    First Quarter Business Highlights

  • The Company sold its U.K. call center operation, 2Touch, to Parseq Ltd. to increase its focus on its core Marketing and Data Services business.
  • Acxiom signed several Marketing and Data Services agreements during the quarter including new database contracts with Zurich-based ACE Insurance Group and Australia-based Sevenwest Media Group, and renewals with Virgin Media and First National Bank of Omaha.
  • Acxiom signed 7 new AOS agreements during the quarter with several industry-leading companies including Carrefour Media, J. Jill, a global investment management firm and a major airline.
  • Subsequent to quarter end, Acxiom completed its acquisition of LiveRamp, a leading service for onboarding customer data into digital marketing applications. Together, Acxiom and LiveRamp become the industry-leading solution for bringing first and third party data online with better matching, more connectivity and faster onboarding.

    Financial Outlook

    The following projections are forward-looking and are subject to certain risks and uncertainties that could cause actual results to differ materially as detailed in the Forward-Looking Statements section of this press release. Our guidance includes the impact of the LiveRamp acquisition but excludes the impact of unusual items, acquisition related expenses and non-cash compensation expense. Acxiom’s estimates for fiscal 2015 are as follows:

  • We continue to expect revenue from continuing operations for the fiscal year to be down roughly five percent compared to fiscal year 2014. The decline in revenue is primarily due to the impact of lost IT Infrastructure Management customers and the exit of our analog paper survey business in Europe.
  • Adjusting for the 2Touch divestiture, we continue to expect earnings per diluted share to be in the range of $0.73 to $0.83.

    Conference Call

    Acxiom will hold a conference call at 3:30 p.m. CDT today to further discuss this information. Interested parties are invited to listen to the call, which will be broadcast via the Internet at www.acxiom.com. A slide presentation will be referenced during the call and can be accessed here.

    About Acxiom

    Acxiom is an enterprise data, analytics and software-as-a-service company that uniquely fuses trust, experience and scale to fuel data-driven results. For over 40 years, Acxiom has been an innovator in harnessing the most important sources and uses of data to strengthen connections between people, businesses and their partners. Utilizing a channel and media neutral approach, we leverage cutting-edge, data-oriented products and services to maximize customer value. Every week, Acxiom powers more than a trillion transactions that enable better living for people and better results for our clients. For more information about Acxiom, visit Acxiom.com.

    Forward-Looking Statements

    This release and today’s conference call may contain forward-looking statements including, without limitation, statements regarding expected levels of revenue and earnings per share as well as statements regarding future investments, new customers and new product launches and capabilities. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. The following are factors, among others, that could cause actual results to differ materially from these forward-looking statements: the possibility that the expected revenue from the LiveRamp transaction may not be realized within the expected timeframe; the possibility that certain contracts may not generate the anticipated revenue or profitability or may not be closed within the anticipated time frames; the possibility that significant customers may experience extreme, severe economic difficulty or otherwise reduce or cancel the amount of business they do with us; the possibility that we will not successfully complete customer contract requirements on time or meet the service levels specified in the contracts, which may result in contract penalties or lost revenue; the possibility that data suppliers might withdraw data from us, leading to our inability to provide certain products and services to our clients; the possibility that we may not be able to attract, retain or motivate qualified technical, sales and leadership associates, or that we may lose key associates; the possibility that we may not be able to adequately adapt to rapidly changing computing environments, technologies and marketing practices; the possibility that we will not be able to continue to receive credit upon satisfactory terms and conditions; the possibility that negative changes in economic conditions in general or other conditions might lead to a reduction in demand for our products and services; the possibility that there will be changes in consumer or business information industries and markets that negatively impact the company; the possibility that the historical seasonality of our business may change; the possibility that we will not be able to achieve anticipated cost reductions and avoid unanticipated costs; the possibility that the fair value of certain of our assets may not be equal to the carrying value of those assets now or in future time periods; the possibility that unusual charges may be incurred; the possibility that changes in accounting pronouncements may occur and may impact these forward-looking statements; the possibility that we may encounter difficulties when entering new markets or industries; the possibility that we could experience loss of data center capacity or interruption of telecommunication links; the possibility that new laws may be enacted which limit our ability to provide services to our clients and/or which limit the use of data; and other risks and uncertainties, including those detailed from time to time in our periodic reports filed with the Securities and Exchange Commission, including our current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, particularly the discussion under the caption “Item 1A, RISK FACTORS” in our Annual Report on Form 10-K for the year ended March 31, 2014, which was filed with the Securities and Exchange Commission on May 28, 2014.

    With respect to the provision of products or services outside our primary base of operations in the United States, all of the above factors apply, along with the difficulty of doing business in numerous sovereign jurisdictions due to differences in scale, competition, culture, laws and regulations.

    We undertake no obligation to update the information contained in this press release or any other forward-looking statement.

    Acxiom is a registered trademark of Acxiom Corporation.

    To automatically receive Acxiom Corporation financial news by email, please visit www.acxiom.com and subscribe to email alerts.

     
    ACXIOM CORPORATION AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except earnings per share)
                   
    For the Three Months Ended
    June 30,
    $ %
    2014 2013 Variance     Variance
     
    Revenue:
    Marketing and data services 186,683 187,793 (1,110 ) (0.6 %)
    IT Infrastructure management services 55,532   69,385   (13,853 ) (20.0 %)
    Total revenue 242,215 257,178 (14,963 ) (5.8 %)
     
    Operating costs and expenses:
    Cost of revenue 192,303 196,105 (3,802 ) (1.9 %)
    Selling, general and administrative 46,938 37,615 9,323 24.8 %
    Gains, losses and other items, net 7,452   -   7,452 100.0 %
     
    Total operating costs and expenses 246,693   233,720   12,973 5.6 %
     
    Income (loss) from operations (4,478 ) 23,458   (27,936 ) (119.1 %)
    % Margin-1.8%9.1%
    Other income (expense):
    Interest expense (2,571 ) (3,019 ) 448 14.8 %
    Other, net (413 ) 104   (517 ) (497.1 %)
     
    Total other income (expense) (2,984 ) (2,915 ) (69 ) (2.4 %)
     
    Earnings (loss) from continuing operations before income taxes (7,462 ) 20,543 (28,005 ) (136.3 %)
     
    Income taxes (1,390 ) 8,040   (9,430 ) (117.3 %)
     
    Net earnings (loss) from continuing operations (6,072 ) 12,503 (18,575 ) (148.6 %)
     
    Earnings (loss) from discontinued operations, net of tax (1,532 ) 592   (2,124 ) (358.8 %)
     
    Net earnings (loss) (7,604 ) 13,095 (20,699 ) (158.1 %)
     
    Less: Net loss attributable to noncontrolling interest -   (85 ) 85 100.0 %
     
    Net earnings (loss) attributable to Acxiom (7,604 ) 13,180   (20,784 ) (157.7 %)
     
    Basic earnings (loss) per share:
    Net earnings (loss) from continuing operations (0.08 ) 0.17 (0.25 ) (147.1 %)
    Earnings (loss) from discontinued operations (0.02 ) 0.01   (0.03 ) (300.0 %)
    Net earnings (loss) (0.10 ) 0.18   (0.28 ) (155.6 %)
     
    Net earnings (loss) attributable to Acxiom stockholders (0.10 ) 0.18   (0.28 ) (155.6 %)
     
     
    Diluted earnings (loss) per share:
    Net earnings (loss) from continuing operations (0.08 ) 0.17 (0.25 ) (147.1 %)
    Earnings (loss) from discontinued operations (0.02 ) 0.01   (0.03 ) (300.0 %)
    Net earnings (loss) (0.10 ) 0.17   (0.27 ) (158.8 %)
     
    Net earnings (loss) attributable to Acxiom stockholders (0.10 ) 0.17   (0.27 ) (158.8 %)
     
     
    ACXIOM CORPORATION AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP EPS
    (Unaudited)
    (Dollars in thousands, except earnings per share)
           
    For the Three Months Ended
    June 30,
    2014 2013
     
     
    Earnings (loss) from continuing operations before income taxes (7,462 ) 20,543
     
    Income taxes (1,390 ) 8,040  
     
    Net earnings (loss) from continuing operations (6,072 ) 12,503
     
    Earnings (loss) from discontinued operations, net of tax (1,532 ) 592  
     
    Net earnings (loss) (7,604 ) 13,095
     
    Less: Net loss attributable to noncontrolling interest -   (85 )
     
    Net earnings (loss) attributable to Acxiom (7,604 ) 13,180  
     
    Earnings (loss) per share attributable to Acxiom stockholders:
     
    Basic (0.10 ) 0.18  
     
    Diluted (0.10 ) 0.17  
     
    Unusual items:
     
    Live Ramp acquisition costs 780 -
    Non-cash stock compensation 4,089 3,180
    Restructuring charges and other adjustments 6,672 -
    Separation and transformation costs 12,037   -  
     
    Total unusual items, continuing operations 23,578   3,180  
     

    Earnings from continuing operations before income taxes and excluding unusual items

    16,116 23,723
     
    Income taxes 6,204   9,252  
     
    Non-GAAP earnings from continuing operations 9,912 14,471
     
    Earnings from discontinued operations, net of tax -   -  
     
    Non-GAAP net earnings 9,912 14,471
     
    Less: Net loss attributable to noncontrolling interest -   (85 )
     
    Non-GAAP Net earnings attributable to Acxiom 9,912   14,556  
     
    Non-GAAP earnings per share attributable to Acxiom stockholders:
     
    Basic 0.13   0.20  
     
    Diluted 0.13   0.19  
     
    Diluted weighted average shares 78,341   75,491  
     
     
    ACXIOM CORPORATION AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP INCOME FROM OPERATIONS
    (Unaudited)
    (Dollars in thousands, except earnings per share)
           
    For the Three Months Ended
    June 30,
    2014 2013
     
    Income (loss) from operations (4,478 ) 23,458
     
    Unusual items 23,578   3,180
     
    Income from operations before unusual items 19,100   26,638
     
     
    ACXIOM CORPORATION AND SUBSIDIARIES
    CALCULATION OF EARNINGS PER SHARE
    (Unaudited)
    (In thousands, except earnings per share)
           
    For the Three Months Ended
     
    June 30, June 30,
    2014 2013
     
    Basic earnings (loss) per share from continuing operations:
    Numerator - net earnings (loss) (6,072 ) 12,503
    Denominator - weighted-average shares outstanding 76,833   73,679
    Basic earnings (loss) per share (0.08 ) 0.17
     
    Basic earnings (loss) per share - net earnings (loss) attributable to Acxiom stockholders:
    Numerator - net earnings (loss) attributable to Acxiom (7,604 ) 13,180
    Denominator - weighted-average shares outstanding 76,833   73,679
    Basic earnings (loss) per share - net earnings (loss) attributable to Acxiom stockholders (0.10 ) 0.18
     
    Diluted earnings (loss) per share from continuing operations:
    Numerator - net earnings (loss) (6,072 ) 12,503
     
    Denominator - weighted-average shares outstanding 76,833 73,679
    Dilutive effect of common stock options, warrants and restricted stock -   1,812
    76,833   75,491
     
    Diluted earnings (loss) per share from continuing operations (0.08 ) 0.17
     
    Diluted earnings (loss) per share - net earnings (loss) attributable to Acxiom stockholders:
    Numerator - net earnings (loss) attributable to Acxiom (7,604 ) 13,180
     
    Denominator - weighted-average shares outstanding 76,833 73,679
    Dilutive effect of common stock options, warrants, and restricted stock -   1,812
    76,833   75,491
     
    Diluted earnings (loss) per share - net earnings (loss) attributable to Acxiom stockholders (0.10 ) 0.17
     
     
    ACXIOM CORPORATION AND SUBSIDIARIES
    RESULTS BY SEGMENT
    (Unaudited)
    (Dollars in thousands)
           
    For the Three Months Ended
     
    June 30, June 30,
    Revenue: 2014 2013
     
    Marketing and data services 186,683 187,793
    IT Infrastructure management services 55,532   69,385  
     
    Total revenue 242,215   257,178  
     
     
    Income from continuing operations:
     
    Marketing and data services 10,272 12,697
    IT Infrastructure management services 4,739 10,761
    Corporate (19,489 ) -  
     
    Total income (loss) from continuing operations (4,478 ) 23,458  
     
    Margin:
     
    Marketing and data services 5.5 % 6.8 %
    IT Infrastructure management services 8.5 % 15.5 %
     
    Total margin -1.8 % 9.1 %
     
     
    ACXIOM CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (Unaudited)
    (Dollars in thousands)
                   
    June 30, March 31, $ %
    2014 2014 Variance     Variance

    Assets

    Current assets:
    Cash and cash equivalents 392,918 418,586 (25,668 ) (6.1 %)
    Trade accounts receivable, net 150,605 160,718 (10,113 ) (6.3 %)
    Deferred income taxes 12,285 12,870 (585 ) (4.5 %)
    Refundable income taxes 11,436 11,535 (99 ) (0.9 %)
    Other current assets 51,644 54,484 (2,840 ) (5.2 %)
    Assets of discontinued operations 1,140   7,332   (6,192 ) (84.5 %)
     
    Total current assets 620,028   665,525   (45,497 ) (6.8 %)
     
    Property and equipment 854,544 852,236 2,308 0.3 %
    Less - accumulated depreciation and amortization 638,222   635,330   2,892 0.5 %
     
    Property and equipment, net 216,322   216,906   (584 ) (0.3 %)
     
    Software, net of accumulated amortization 40,766 39,425 1,341 3.4 %
    Goodwill 358,671 358,384 287 0.1 %
    Purchased software licenses, net of accumulated amortization 19,079 18,584 495 2.7 %
    Other assets, net 22,607   24,477   (1,870 ) (7.6 %)
     
    1,277,473   1,323,301   (45,828 ) (3.5 %)
     

    Liabilities and Stockholders’ Equity

    Current liabilities:
    Current installments of long-term debt 31,368 28,567 2,801 9.8 %
    Trade accounts payable 42,803 36,179 6,624 18.3 %
    Accrued payroll and related expenses 31,010 62,182 (31,172 ) (50.1 %)
    Other accrued expenses 67,777 70,412 (2,635 ) (3.7 %)
    Deferred revenue 43,481 47,638 (4,157 ) (8.7 %)
    Income taxes - 241 (241 ) (100.0 %)
    Liabilities of discontinued operations 1,681   4,250   (2,569 ) (60.4 %)
     
    Total current liabilities 218,120   249,469   (31,349 ) (12.6 %)
     
    Long-term debt 278,975 289,043 (10,068 ) (3.5 %)
     
    Deferred income taxes 88,480 90,226 (1,746 ) (1.9 %)
     
    Other liabilities 12,464 11,706 758 6.5 %
     

    Stockholders’ equity:

    Common stock 12,644 12,584 60 0.5 %
    Additional paid-in capital 988,607 981,985 6,622 0.7 %
    Retained earnings 595,225 602,829 (7,604 ) (1.3 %)
    Accumulated other comprehensive income 14,428 13,662 766 5.6 %
    Treasury stock, at cost (931,470 ) (928,203 ) (3,267 ) (0.4 %)

    Total stockholders’ equity

    679,434   682,857   (3,423 ) (0.5 %)
     
    1,277,473   1,323,301   (45,828 ) (3.5 %)
     
     
    ACXIOM CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (Dollars in thousands)
           
    For the Three Months Ended
    June 30,
    2014     2013
     
    Cash flows from operating activities:
    Net earnings (loss) (7,604 ) 13,095
    Loss (earnings) from discontinued operations, net of tax 1,532 (592 )
    Non-cash operating activities:
    Depreciation and amortization 27,524 25,048
    Deferred income taxes (1,843 ) (588 )
    Non-cash stock compensation expense 4,089 3,181
    Changes in operating assets and liabilities:
    Accounts receivable 12,482 2,216
    Other assets 2,736 743
    Deferred costs (1,383 ) -
    Accounts payable and other liabilities (29,022 ) (27,826 )
    Deferred revenue (6,644 ) 1,231  
    Net cash provided by operating activities 1,867   16,508  
    Cash flows from investing activities:
    Capitalized software (4,969 ) (5,954 )
    Capital expenditures (19,001 ) (8,912 )
    Data acquisition costs (635 ) (1,961 )
    Net cash provided (used) by investing activities (24,605 ) (16,827 )
    Cash flows from financing activities:
    Payments of debt (5,502 ) (4,890 )
    Sale of common stock, net of stock acquired for withholding taxes (674 ) 5,755
    Acquisition of treasury stock -   (16,139 )
    Net cash used by financing activities (6,176 ) (15,274 )
    Cash flows from discontinued operations:
    From operating activities (13 ) 341
    From investing activities 2,927   (8 )
    Net cash provided by discontinued operations 2,914   333  
    Effect of exchange rate changes on cash 332   (84 )
     
    Net change in cash and cash equivalents (25,668 ) (15,344 )
    Cash and cash equivalents at beginning of period 418,586   222,974  
    Cash and cash equivalents at end of period 392,918   207,630  
     
    Supplemental cash flow information:
    Cash paid during the period for:
    Interest 2,875 3,011
    Income taxes 297 1,084
    Payments on capital leases and installment payment arrangements 1,235 2,900
    Other debt payments, excluding line of credit 4,267 1,990
     
     

    ACXIOM CORPORATION AND SUBSIDIARIES

    CALCULATION OF FREE CASH FLOW AVAILABLE TO EQUITY
    AND RECONCILIATION TO OPERATING CASH FLOW
    (Unaudited)
    (Dollars in thousands)
                                   
                                       
    06/30/13     09/30/13     12/31/13     03/31/14     YTD FY2014 06/30/14 TTM 6/30/13     TTM 6/30/14
     
    Net cash provided by operating activities - continuing operations 16,508 42,255 63,791 40,687 163,241 1,867 166,312 148,600
    Net cash provided by operating activities - discontinued operations 341 (1,734 ) (19 ) 3,147 1,735 (13 ) 2,536 1,381
     
    Less:
    Payments for investments - - 3,633 190 3,823 - - 3,823
    Capitalized software (5,954 ) (7,660 ) (5,495 ) (5,408 ) (24,517 ) (4,969 ) (22,160 ) (23,532 )
    Capital expenditures (8,912 ) (9,130 ) (6,681 ) (14,409 ) (39,132 ) (19,001 ) (43,565 ) (49,221 )
    Data acquisition costs (1,961 ) (913 ) (1,786 ) (3,085 ) (7,745 ) (635 ) (8,229 ) (6,419 )
    Discontinued operations investing activities (8 ) (139 ) (19 ) - (166 ) 2,927 (308 ) 2,769
    Payments on capital leases and installment payment arrangements (2,900 ) (2,339 ) (1,675 ) (1,465 ) (8,379 ) (1,235 ) (14,852 ) (6,714 )
    Other required debt payments (1,990 )     (2,004 )     (4,259 )     (4,263 )     (12,516 ) (4,267 ) (10,053 )     (14,793 )
     
    Total (4,876 )     18,336       47,490       15,394       76,344   (25,326 ) 69,681       55,894  
     
     

    ACXIOM CORPORATION AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
    (Dollars in thousands, except earnings per share)
                                   
                                Q1 FY15 to Q1 FY14
    06/30/13     09/30/13     12/31/13     03/31/14     YTD FY2014 06/30/14 %     $
    Revenue:
    Marketing and data services 187,793 200,952 206,662 209,746 805,153 186,683 -0.6 % (1,110 )
    IT Infrastructure management services 69,385       66,825       62,099       58,816       257,125   55,532   -20.0 %     (13,853 )
    Total revenue 257,178 267,777 268,761 268,562 1,062,278 242,215 -5.8 % (14,963 )
     
    Operating costs and expenses:
    Cost of revenue 196,105 199,107 201,430 198,920 795,562 192,303 -1.9 % (3,802 )
    Selling, general and administrative 37,615 42,859 43,383 45,519 169,376 46,938 24.8 % 9,323
    Impairment of goodwill and other - - - 24,953 24,953 - 0.0 % -
    Gains, losses and other items, net -       6,584       4,657       10,673       21,914   7,452   100.0 %     7,452  
     
    Total operating costs and expenses 233,720 248,550 249,470 280,065 1,011,805 246,693 5.6 % 12,973
     
    Income (loss) from operations 23,458 19,227 19,291 (11,503 ) 50,473 (4,478 ) -119.1 % (27,936 )
    % Margin9.1%7.2%7.2%-4.3%4.8%-1.8%
    Other expense
    Interest expense (3,019 ) (2,980 ) (3,114 ) (2,558 ) (11,671 ) (2,571 ) -14.8 % 448
    Other, net 104       (350 )     1,484       579       1,817   (413 ) -497.1 %     (517 )
    Total other expense (2,915 ) (3,330 ) (1,630 ) (1,979 ) (9,854 ) (2,984 ) -3.5 % (69 )
     
    Earnings (loss) from continuing operations before income taxes 20,543 15,897 17,661 (13,482 ) 40,619 (7,462 ) -136.3 % (28,005 )
    Income taxes 8,040       6,459       3,083       12,045       29,627   (1,390 ) -117.3 %     (9,430 )
     
    Net earnings (loss) from continuing operations 12,503 9,438 14,578 (25,527 ) 10,992 (6,072 ) -148.6 % (18,575 )
     
    Earnings (loss) from discontinued operations, net of tax 592       426       489       (3,696 )     (2,189 ) (1,532 ) -358.8 %     (2,124 )
     
    Net earnings (loss) 13,095 9,864 15,067 (29,223 ) 8,803 (7,604 ) -158.1 % (20,699 )
     

    Less: Net gain (loss) attributable to noncontrolling interest

    (85 )     25       -       -       (60 ) -   -100.0 %     85  
     
    Net earnings (loss) attributable to Acxiom 13,180       9,839       15,067       (29,223 )     8,863   (7,604 ) -157.7 %     (20,784 )
     

    Diluted earnings (loss) per share - net earnings (loss) attributable to Acxiom stockholders

    0.17       0.13       0.19       (0.38 )     0.12   (0.10 ) -158.8 %     (0.27 )
     
     
    ACXIOM CORPORATION AND SUBSIDIARIES
    RESULTS BY SEGMENT
    (Unaudited)
    (Dollars in thousands)
     
                                            Q1 FY15 to Q1 FY14
    06/30/13     09/30/13     12/31/13     03/31/14     YTD FY2014 06/30/14 %     $
                       
    Revenue:
     
    Marketing and data services 187,793 200,952 206,662 209,746 805,153 186,683 -1 % (1,110 )
    IT Infrastructure management services 69,385       66,825       62,099       58,816       257,125   55,532   -20 %     (13,853 )
     
    Total revenue 257,178       267,777       268,761       268,562       1,062,278   242,215   -6 %     (14,963 )
     
    Income from continuing operations:
     
    Marketing and data services 12,697 16,030 22,529 27,244 78,500 10,272 -19 % (2,425 )
    IT Infrastructure management services 10,761 11,967 6,316 3,803 32,847 4,739 -56 % (6,022 )
    Corporate -       (8,770 )     (9,554 )     (42,550 )     (60,874 ) (19,489 ) -100 %     (19,489 )
     
    Total income (loss) from continuing operations 23,458       19,227       19,291       (11,503 )     50,473   (4,478 ) -119 %     (27,936 )
     
    Margin:
     
    Marketing and data services 6.8 % 8.0 % 10.9 % 13.0 % 9.7 % 5.5 %
    IT Infrastructure management services 15.5 % 17.9 % 10.2 % 6.5 % 12.8 % 8.5 %
     
    Total 9.1 % 7.2 % 7.2 % -4.3 % 4.8 % -1.8 %
     






  • For more stories on investments and markets, please see HispanicBusiness' Finance Channel



    Source: Business Wire


    Story Tools






    HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters