Maintains Guidance for the Year
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 )
% Margin
9.1 % 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 %
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Acxiom CorporationLauren Russi, 650-372-2242Investor
Relationsinvestor.relations@acxiom.comEACXM
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