Acxiom® Corporation (Nasdaq: ACXM) a recognized leader in
marketing services and technology, today announced financial
results for the third quarter of fiscal year 2011 ended December
31, 2010. Acxiom will hold a conference call at 10:00 a.m. CST
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. The company will reference presentation
slides that will be available on the website prior to the call.
John Meyer, Acxiom’s chief executive officer and president,
said, “We are pleased that Acxiom delivered another solid
performance in the third quarter of fiscal 2011. This represents
our third consecutive quarter of year-over-year revenue and
operating income growth. This quarter’s performance was driven by
the continued execution against our strategy and was aided by the
general improvement in client spending in our core markets.”
Third Quarter 2011 Highlights:
- Revenue increased by 5.4% in the
current quarter ended December 31, 2010 to $299.1 million, compared
to $283.8 million for the quarter ended December 31, 2009.
- Income from operations of $34.6
million in the current-year third quarter compared to income from
operations of $29.9 million in the third quarter of the prior year.
Excluding the impact of unusual items which are described below,
income from operations in the current quarter would be $30.9
million, a 3.6% increase over the prior-year quarter.
- Earnings per diluted share
attributable to Acxiom stockholders of $0.25 in the current
quarter, compared to $0.18 in the third quarter of fiscal 2010.
Excluding the impact of unusual items described below, earnings per
diluted share attributable to Acxiom stockholders would be $0.19 in
the current period, a 5.6% increase over the prior-year
quarter.
The company recorded adjustments to
restructuring and legal accruals during the quarter totaling $3.6
million recorded in gains, losses and other items, net. In
addition, during the quarter, the company reduced a reserve for
unrecognized tax benefits by approximately $3.5 million due to the
expiration of the related statute of limitations. These two items
combined increased earnings per share attributable to Acxiom
shareholders by 6 cents.
- Operating cash flow of $64.2
million, compared to $74.5 million in the third quarter a year
ago.
- Free cash flow available to
equity of $35.1 million, compared to $49.0 million in the third
quarter a year ago. Free cash flow available to equity is a
non-GAAP financial measure; a reconciliation to the comparable GAAP
measure, operating cash flow, is attached to this news
release.
Operational Highlights:
- Information Services: Revenue
for the quarter ended December 31, 2010 was $232.8 million, up
6.6%, compared to $218.3 million for the quarter ended December 31,
2009. Income from operations for the current third quarter was
$26.4 million, down 4.3% compared to $27.6 million in the
prior-year third quarter.
- Information Products: Revenue
for the quarter increased 1.3% to $66.3 million, compared with
$65.5 million in the third quarter a year ago. Income from
operations for the quarter was $4.5 million, compared to $2.8
million in the third quarter of the previous year.
Fiscal Year 2011 Year-To-Date Highlights:
- Revenue increased by 6.2% in the
current year nine-month period, to $861.2 million, compared to
$810.9 million for the same period last year.
- Income from operations of $84.0
million for the first nine months of fiscal year 2011, up 32.0%,
compared to income from operations of $63.6 million in the
comparable nine-month period of fiscal 2010. Excluding the impact
of unusual items described above, income from operations in the
current year would be $80.3 million, a 26.3% increase over the
prior year.
- Earnings per diluted share
attributable to Acxiom stockholders of $0.54 for the current year
nine-month period, compared to $0.35 in the comparable nine-month
period last year. Excluding the impact of unusual items noted
above, earnings per diluted share attributable to Acxiom
stockholders would be $0.47 for the current year nine-month
period.
- Operating cash flow of $124.2
million in the current fiscal year nine-month period, compared to
$151.4 million in the prior year nine-month period.
- Free cash flow available to
equity of $38.5 million for the nine months ended December 31,
2010, compared to $65.2 million for the nine months ended December
31, 2009. Free cash flow available to equity is a non-GAAP
financial measure; a reconciliation to the comparable GAAP measure,
operating cash flow, is attached to this news release.
Web Link to Financials
You may link to http://www.acxiom.com/FY11_Q3_Financials for the
detailed financial information we typically attach to our earnings
releases.
About Acxiom
Acxiom is a recognized leader in marketing services and
technology that enable marketers to successfully manage audiences,
personalize consumer experiences and create profitable customer
relationships. Our superior industry-focused, consultative approach
combines consumer data and analytics, databases, data integration
and consulting solutions for personalized, multichannel marketing
strategies. Acxiom leverages over 40 years of experience in data
management to deliver high-performance, highly secure, reliable
information management services. Founded in 1969, Acxiom is
headquartered in Little Rock, Arkansas, USA, and serves clients
around the world from locations in the United States, Europe,
Asia-Pacific, the Middle East and South America. 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 an improvement in the economic outlook, and
the possibility of continued future growth. 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 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 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
we may not be able to attract, retain or motivate qualified
technical, sales and leadership associates, or that we may lose key
associates to other organizations; 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 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
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; 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 Reports on Form 10-K for the year ended March 31, 2010,
which was filed with the Securities and Exchange Commission on May
26, 2010.
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.
ACXIOM CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS
OF OPERATIONS (Unaudited) (Dollars in thousands, except earnings
per share) For the Three
Months Ended December 31, $ % 2010 2009 Variance Variance
Revenue: Services 232,798 218,340 14,458 6.6 % Products
66,312 65,467 845 1.3 % Total revenue 299,110 283,807
15,303 5.4 % Operating costs and expenses: Cost of revenue
Services 178,586 163,206 (15,380 ) (9.4 %) Products 48,258
46,727 (1,531 ) (3.3 %) Total cost of revenue 226,844
209,933 (16,911 ) (8.1 %) Services gross margin 23.3 % 25.3
% Products gross margin 27.2 % 28.6 % Total gross margin 24.2 %
26.0 % Selling, general and administrative 41,331 43,477
2,146 4.9 % Gains, losses and other items, net (3,640 ) 538
4,178 776.6 % Total operating costs and expenses 264,535
253,948 (10,587 ) (4.2 %) Income from
operations 34,575 29,859 4,716 15.8 % Other
income (expense): Interest expense (6,006 ) (5,687 ) (319 ) (5.6 %)
Other, net (299 ) 198 (497 ) (251.0 %) Total other
income (expense) (6,305 ) (5,489 ) (816 ) (14.9 %) Earnings
before income taxes 28,270 24,370 3,900 16.0 % Income taxes
7,856 10,212 2,356 23.1 % Net earnings 20,414
14,158 6,256 44.2 % Less: Net loss attributable to
noncontrolling interest (409 ) (104 ) (305 ) - Net earnings
attributable to Acxiom 20,823 14,262 6,561 46.0 %
Earnings per share: Basic 0.25 0.18
0.07 38.9 % Diluted 0.25 0.18 0.07 38.9 %
Earnings per share attributable to Acxiom stockholders:
Basic 0.26 0.18 0.08 44.4 % Diluted
0.25 0.18 0.07 38.9 % ACXIOM
CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited) (Dollars in thousands, except earnings per share)
For the Nine Months Ended
December 31, $ % 2010 2009 Variance Variance Revenue:
Services 669,038 627,879 41,159 6.6 % Products 192,136
183,014 9,122 5.0 % Total revenue 861,174 810,893 50,281 6.2
% Operating costs and expenses: Cost of revenue Services
518,923 488,574 (30,349 ) (6.2 %) Products 142,349 138,775
(3,574 ) (2.6 %) Total cost of revenue 661,272 627,349
(33,923 ) (5.4 %) Services gross margin 22.4 % 22.2 %
Products gross margin 25.9 % 24.2 % Total gross margin 23.2 % 22.6
% Selling, general and administrative 119,560 119,084 (476 )
(0.4 %) Gains, losses and other items, net (3,619 ) 858
4,477 521.8 % Total operating costs and expenses 777,213
747,291 (29,922 ) (4.0 %) Income from
operations 83,961 63,602 20,359 32.0 % Other
income (expense): Interest expense (18,164 ) (16,615 ) (1,549 )
(9.3 %) Other, net (639 ) 303 (942 ) (310.9 %) Total
other income (expense) (18,803 ) (16,312 ) (2,491 ) (15.3 %)
Earnings before income taxes 65,158 47,290 17,868 37.8 %
Income taxes 22,611 19,493 (3,118 ) (16.0 %)
Net earnings 42,547 27,797 14,750 53.1 % Less: Net loss
attributable to noncontrolling interest (1,362 ) (104 ) (1,258 ) -
Net earnings attributable to Acxiom 43,909 27,901
16,008 57.4 % Earnings per share: Basic 0.53
0.35 0.18 51.4 % Diluted 0.52 0.35
0.17 48.6 % Earnings per share attributable to Acxiom
stockholders: Basic 0.55 0.35 0.20 57.1 %
Diluted 0.54 0.35 0.19 54.3 %
ACXIOM CORPORATION AND SUBSIDIARIES CALCULATION OF EARNINGS PER
SHARE (Unaudited) (In thousands, except earnings per share)
For the Three Months Ended
December 31, December 31, 2010 2009 Basic earnings
per share: Numerator - net earnings 20,414 14,158
Denominator - weighted-average shares outstanding 80,233 79,068
Basic earnings per share 0.25 0.18 Diluted earnings
per share: Numerator - net earnings 20,414 14,158
Denominator - weighted-average shares outstanding 80,233 79,068
Dilutive effect of common stock options, warrants and
restricted stock 1,865 802 82,098 79,870 Diluted
earnings per share 0.25 0.18 Basic earnings per share
attributable to Acxiom stockholders: Numerator - net
earnings attributable to Acxiom 20,823 14,262 Denominator -
weighted-average shares outstanding 80,233 79,068 Basic
earnings per share attributable to Acxiom stockholders 0.26 0.18
Diluted earnings per share attributable to Acxiom
stockholders: Numerator - net earnings attributable to
Acxiom 20,823 14,262 Denominator - weighted-average shares
outstanding 80,233 79,068 Dilutive effect of common stock
options, warrants, and restricted stock 1,865 802 82,098
79,870 Diluted earnings per share attributable to Acxiom
stockholders 0.25 0.18 ACXIOM CORPORATION AND
SUBSIDIARIES CALCULATION OF EARNINGS PER SHARE (Unaudited) (In
thousands, except earnings per share)
For the Nine Months Ended December 31,
December 31, 2010 2009 Basic earnings per share:
Numerator - net earnings 42,547 27,797 Denominator -
weighted-average shares outstanding 80,007 78,883 Basic
earnings per share 0.53 0.35 Diluted earnings per share:
Numerator - net earnings 42,547 27,797 Denominator -
weighted-average shares outstanding 80,007 78,883 Dilutive
effect of common stock options, warrants and restricted stock 1,606
537 81,613 79,420 Diluted earnings per share 0.52
0.35 Basic earnings per share attributable to Acxiom
stockholders: Numerator - net earnings attributable to
Acxiom 43,909 27,901 Denominator - weighted-average shares
outstanding 80,007 78,883 Basic earnings per share
attributable to Acxiom stockholders 0.55 0.35 Diluted
earnings per share attributable to Acxiom stockholders:
Numerator - net earnings attributable to Acxiom 43,909 27,901
Denominator - weighted-average shares outstanding 80,007
78,883 Dilutive effect of common stock options, warrants,
and restricted stock 1,606 537 81,613 79,420 Diluted
earnings per share attributable to Acxiom stockholders 0.54 0.35
ACXIOM CORPORATION AND SUBSIDIARIES RESULTS BY
SEGMENT (Unaudited) (Dollars in thousands)
For the Three Months Ended December 31, December 31,
Revenue: 2010 2009 Information services 232,798
218,340 Information products 66,312 65,467
Total revenue 299,110 283,807
Income
from operations: Information services 26,390 27,565
Information products 4,545 2,832 Other 3,640 (538 )
Total income from operations 34,575 29,859
Margin: Information services 11.3 % 12.6 %
Information products 6.9 % 4.3 % Total margin 11.6 % 10.5 %
ACXIOM CORPORATION AND SUBSIDIARIES RESULTS BY
SEGMENT (Unaudited) (Dollars in thousands)
For the Nine Months Ended December 31, December 31,
Revenue: 2010 2009 Information services 669,038
627,879 Information products 192,136 183,014
Total revenue 861,174 810,893
Income
from operations: Information services 70,221 63,374
Information products 10,121 1,086 Other 3,619 (858 )
Total income from operations 83,961 63,602
Margin: Information services 10.5 % 10.1 %
Information products 5.3 % 0.6 % Total margin 9.7 % 7.8 %
ACXIOM CORPORATION AND SUBSIDIARIES CONDENSED
CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars in thousands)
December 31, March 31, $ % 2010
2010 Variance Variance
Assets
Current assets: Cash and cash equivalents 203,936 224,104 (20,168 )
(9.0 %) Trade accounts receivable, net 171,695 168,522 3,173 1.9 %
Deferred income taxes 11,863 11,874 (11 ) (0.1 %) Refundable income
taxes 2,071 - 2,071 100.0 % Other current assets 55,468
54,205 1,263 2.3 % Total current assets 445,033
458,705 (13,672 ) (3.0 %) Property and
equipment 877,192 824,084 53,108 6.4 % Less - accumulated
depreciation and amortization 618,490 587,245 31,245
5.3 % Property and equipment, net 258,702 236,839
21,863 9.2 % Software, net of accumulated
amortization 31,018 38,845 (7,827 ) (20.1 %) Goodwill 488,381
470,261 18,120 3.9 % Purchased software licenses, net of
accumulated amortization 43,077 51,356 (8,279 ) (16.1 %) Deferred
costs, net 85,792 68,914 16,878 24.5 % Data acquisition costs
19,820 21,931 (2,111 ) (9.6 %) Other assets, net 14,429
16,569 (2,140 ) (12.9 %) 1,386,252 1,363,420
22,832 1.7 %
Liabilities and
Stockholders' Equity
Current liabilities: Current installments of long-term debt 30,764
42,106 11,342 26.9 % Trade accounts payable 43,757 42,774 (983 )
(2.3 %) Accrued payroll and related expenses 32,485 36,517 4,032
11.0 % Other accrued expenses 69,786 75,632 5,846 7.7 % Deferred
revenue 66,441 55,567 (10,874 ) (19.6 %) Income taxes -
2,460 2,460 100.0 % Total current liabilities 243,233
255,056 11,823 4.6 % Long-term debt 414,307
458,629 44,322 9.7 % Deferred income taxes 69,174 61,284
(7,890 ) (12.9 %) Other liabilities 8,834 9,954 1,120 11.3 %
Stockholders' equity: Common stock 11,746 11,662 84 0.7 %
Additional paid-in capital 832,065 814,929 17,136 2.1 % Retained
earnings 526,152 482,243 43,909 9.1 % Accumulated other
comprehensive income 9,554 4,167 5,387 129.3 % Treasury stock, at
cost (738,601 ) (738,601 ) 0 0.0 % Total Acxiom stockholders'
equity 640,916 574,400 66,516 11.6 % Noncontrolling interest 9,788
4,097 5,691 138.9 % Total equity 650,704
578,497 72,207 12.5 % 1,386,252
1,363,420 22,832 1.7 % ACXIOM CORPORATION AND
SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited) (Dollars in thousands) For the Three
Months Ended December 31, 2010 2009 Cash flows from
operating activities: Net earnings 20,414 14,158 Non-cash operating
activities: Depreciation and amortization 34,880 43,170 Loss (Gain)
on disposal or impairment of assets (317 ) 403 Deferred income
taxes 302 14,381 Non-cash stock compensation expense 3,437 2,638
Changes in operating assets and liabilities: Accounts receivable
585 1,814 Other assets 3,561 8,452 Deferred costs (5,786 ) (12,037
) Accounts payable and other liabilities (3,626 ) (6,109 ) Deferred
revenue 10,780 7,639 Net cash provided by operating
activities 64,230 74,509 Cash flows from investing
activities: Sale of assets - 1,058 Capitalized software (1,025 )
(1,846 ) Capital expenditures (16,322 ) (9,479 ) Data acquisition
costs (3,765 ) (5,450 ) Payments for investments - (1,000 ) Net
cash paid in acquisitions - (3,785 ) Net cash used by
investing activities (21,112 ) (20,502 ) Cash flows from financing
activities: Payments of debt (41,522 ) (17,316 ) Fees for debt
refinancing - (4,563 ) Sale of common stock 2,503 351 Proceeds from
partner's contributions 347 457 Net cash used by
financing activities (38,672 ) (21,071 ) Effect of exchange rate
changes on cash 106 12 Net change in cash and
cash equivalents 4,552 32,948 Cash and cash equivalents at
beginning of period 199,384 167,634 Cash and cash
equivalents at end of period 203,936 200,582
Supplemental cash flow information: Cash paid (received)
during the period for: Interest 6,052 6,221 Income taxes 1,913
(4,190 ) Payments on capital leases and installment payment
arrangements 5,726 7,309 Payments on software and data license
liabilities 120 416 Other debt payments, excluding line of credit
2,143 2,091 Prepayment of debt 33,533 7,500 Noncash investing and
financing activities:
Acquisition of property and equipment
under capital lease and installment payment arrangements
4,779 7,860 ACXIOM CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(Dollars in thousands) For the Nine Months Ended
December 31, 2010 2009 Cash flows from operating
activities: Net earnings 42,547 27,797 Non-cash operating
activities: Depreciation and amortization 108,586 124,912 Loss
(gain) on disposal or impairment of assets (272 ) 410 Deferred
income taxes 4,245 23,100 Non-cash stock compensation expense 9,897
8,288 Changes in operating assets and liabilities: Accounts
receivable (7,913 ) 5 Other assets (4,590 ) 11,913 Deferred costs
(28,407 ) (15,381 ) Accounts payable and other liabilities (11,653
) (31,214 ) Deferred revenue 11,744 1,548 Net cash
provided by operating activities 124,184 151,378 Cash
flows from investing activities: Sale of assets - 1,058 Capitalized
software (3,592 ) (6,661 ) Capital expenditures (46,808 ) (31,372 )
Data acquisition costs (10,716 ) (14,231 ) Payments from (for)
investments 175 (1,000 ) Net cash paid in acquisitions (12,927 )
(3,428 ) Net cash used by investing activities (73,868 ) (55,634 )
Cash flows from financing activities: Payments of debt (78,089 )
(72,442 ) Fees for debt refinancing - (4,563 ) Sale of common stock
7,323 3,014 Acquisition of treasury stock - (307 ) Proceeds from
partner's contributions 480 457 Net cash used by
financing activities (70,286 ) (73,841 ) Effect of exchange rate
changes on cash (198 ) 1,513 Net change in cash and
cash equivalents (20,168 ) 23,416 Cash and cash equivalents at
beginning of period 224,104 177,166 Cash and cash
equivalents at end of period 203,936 200,582
Supplemental cash flow information: Cash paid (received)
during the period for: Interest 17,728 16,807 Income taxes 22,995
(8,450 ) Payments on capital leases and installment payment
arrangements 17,105 22,607 Payments on software and data license
liabilities 1,177 6,134 Other debt payments, excluding line of
credit 6,274 6,201 Prepayment of debt 53,533 37,500 Noncash
investing and financing activities:
Acquisition of property and equipment
under capital lease and installment payment arrangements
22,429 18,247 Software licenses and maintenance acquired under
software obligation - 611 ACXIOM CORPORATION AND
SUBSIDIARIES CALCULATION OF FREE CASH FLOW AVAILABLE TO EQUITY AND
RECONCILIATION TO OPERATING CASH FLOW (Unaudited) (Dollars in
thousands)
06/30/09 09/30/09 12/31/09 03/31/10
FY2010 06/30/10 09/30/10 12/31/10
FY2011 Net cash provided by operating activities 16,166
60,703 74,509 87,904 239,282 16,988 42,966 64,230 124,184
Plus: Sale of assets - - 1,058 - 1,058 - - - - Less:
Capitalized software (2,384 ) (2,431 ) (1,846 ) (1,596 ) (8,257 )
(1,226 ) (1,341 ) (1,025 ) (3,592 ) Capital expenditures (7,431 )
(14,462 ) (9,479 ) (26,536 ) (57,908 ) (8,752 ) (21,734 ) (16,322 )
(46,808 ) Data acquisition costs (5,777 ) (3,004 ) (5,450 ) (4,577
) (18,808 ) (4,326 ) (2,625 ) (3,765 ) (10,716 ) Payments on
capital leases and installment payment arrangements (7,794 ) (7,504
) (7,309 ) (7,090 ) (29,697 ) (5,968 ) (5,411 ) (5,726 ) (17,105 )
Payments on software and data license liabilities (3,878 ) (1,840 )
(416 ) (1,392 ) (7,526 ) (893 ) (164 ) (120 ) (1,177 ) Other
required debt payments (2,052 ) (2,058 ) (2,091 )
(3,597 ) (9,798 ) (2,103 ) (2,028 )
(2,143 ) (6,274 ) Total (13,150 ) 29,404
48,976 43,116 108,346
(6,280 ) 9,663 35,129
38,512 ACXIOM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Dollars in
thousands, except earnings per share)
Q3 FY10 to
Q3 FY11 06/30/09 09/30/09 12/31/09 03/31/10
FY2010 06/30/10 09/30/10 12/31/10
FY2011 % $ Revenue: Services 199,326 210,213 218,340 221,553
849,432 210,656 225,584 232,798 669,038 6.6 % 14,458 Products
56,655 60,892 65,467
66,789 249,803 59,739 66,085
66,312 192,136 1.3 % 845
Total revenue 255,981 271,105 283,807 288,342 1,099,235
270,395 291,669 299,110 861,174 5.4 % 15,303 Operating costs
and expenses: Cost of revenue Services 159,576 165,792 163,206
166,085 654,659 164,650 175,687 178,586 518,923 -9.4 % (15,380 )
Products 45,919 46,129 46,727
45,835 184,610 45,771
48,320 48,258 142,349 -3.3 %
(1,531 ) Total cost of revenue 205,495 211,921 209,933
211,920 839,269 210,421 224,007 226,844 661,272 -8.1 % (16,911 )
Selling, general and administrative 37,643 37,964
43,477 43,013 162,097 37,955 40,274 41,331 119,560 4.9 % 2,146
Gains, losses and other items, net 347 (27 )
538 (1,802 ) (944 ) (57 ) 78
(3,640 ) (3,619 ) 776.6 % 4,178
Total operating costs and expenses 243,485 249,858 253,948 253,131
1,000,422 248,319 264,359 264,535 777,213 -4.2 % (10,587 )
Income from operations 12,496 21,247 29,859 35,211 98,813 22,076
27,310 34,575 83,961 15.8 % 4,716
% Margin 4.9
% 7.8 % 10.5 % 12.2
% 9.0 % 8.2 % 9.4
% 11.6 % 9.7 % Other income
(expense) Interest expense (5,505 ) (5,423 ) (5,687 ) (5,865 )
(22,480 ) (5,898 ) (6,260 ) (6,006 ) (18,164 ) 5.6 % (319 ) Other,
net (118 ) 223 198 122
425 (451 ) 111 (299 )
(639 ) -251.0 % (497 ) Total other income (expense) (5,623 )
(5,200 ) (5,489 ) (5,743 ) (22,055 ) (6,349 ) (6,149 ) (6,305 )
(18,803 ) 14.9 % (816 ) Earnings before income taxes 6,873
16,047 24,370 29,468 76,758 15,727 21,161 28,270 65,158 16.0 %
3,900 Income taxes 2,679 6,602 10,212
13,106 32,599 6,291
8,464 7,856 22,611 23.1 %
2,356 Net earnings 4,194 9,445 14,158 16,362
44,159 9,436 12,697 20,414 42,547 44.2 % 6,256
Less: Net loss attributable to
noncontrolling interest
- - (104 ) (286 ) (390 )
(369 ) (584 ) (409 ) (1,362 ) 293.3 %
(305 ) Net earnings attributable to Acxiom 4,194
9,445 14,262 16,648
44,549 9,805 13,281
20,823 43,909 46.0 % 6,561
Diluted earnings per share attributable to
Acxiom shareholders
0.05 0.12 0.18 0.21
0.56 0.12 0.16
0.25 0.54 38.9 % 0.07
ACXIOM CORPORATION AND SUBSIDIARIES RESULTS BY SEGMENT
(Unaudited) (Dollars in thousands)
Q3 FY10 to
Q3 FY11 06/30/09 09/30/09 12/31/09 03/31/10
FY2010 06/30/10 09/30/10 12/31/10
FY2011 % $ Revenue: Services 199,326 210,213 218,340
221,553 849,432 210,656 225,584 232,798 669,038 6.6 % 14,458
Products 56,655 60,892 65,467
66,789 249,803 59,739
66,085 66,312 192,136 1.3 %
845 Total revenue 255,981
271,105 283,807 288,342
1,099,235 270,395 291,669
299,110 861,174 5.4 % 15,303
Income from operations: Services 15,838 19,971 27,565
27,639 91,013 20,879 22,952 26,390 70,221 -4.3 % (1,175 ) Products
(2,995 ) 1,249 2,832 5,770 6,856 1,140 4,436 4,545 10,121 60.5 %
1,713 Other (347 ) 27 (538 ) 1,802
944 57 (78 ) 3,640
3,619 -776.6 % 4,178 Total
income from operations 12,496 21,247
29,859 35,211 98,813 22,076
27,310 34,575 83,961
15.8 % 4,716 Margin: Services
7.9 % 9.5 % 12.6 % 12.5 % 10.7 % 9.9 % 10.2 % 11.3 % 10.5 %
Products -5.3 % 2.1 % 4.3 % 8.6 % 2.7 % 1.9 % 6.7 % 6.9 % 5.3 %
Total 4.9 % 7.8 % 10.5 % 12.2 % 9.0 % 8.2 % 9.4 % 11.6 % 9.7
%
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Acxiom (NASDAQ:ACXM)
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From Sep 2024 to Oct 2024
Acxiom (NASDAQ:ACXM)
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From Oct 2023 to Oct 2024