Acxiom Logo 200Acxiom reported revenue of $215 million, up 9% compared to the first quarter of last year driven by growth in each segment. US revenue of $197 million was up 11% year-over-year.  Operating Income (Loss): GAAP operating income from continuing operations improved to $8 million compared to a loss of $3 million in the prior year. Non-GAAP operating income from continuing operations improved 44% to approximately $21 million.   Earnings (Loss) per Share: GAAP diluted earnings per share from continuing operations were $0.05 compared to a loss per share of $0.07 in the prior year.

Segment Results:

Marketing Services:  Revenue was $110 million, up 2% compared to the first quarter of last year. Marketing Database and Consulting revenue grew 8% year-over-year, but was offset by declines in Acxiom Impact. US revenue of $102 million was up 4% year-over-year.  Gross margin improved from 33% to 34%.  Segment income was $20 million, up 20% compared to the prior year.Acxiom Q1 Fiscal 2017

Audience Solutions: Revenue was $74 million, up 8% compared to the prior year. US revenue of $66 million was up 9% year-over-year.  Gross margin improved from 54% to 57%.  Segment income was $25 million, up 4% compared to the prior year.

Connectivity:  Revenue was $31 million, up 52% compared to the first quarter of last year. Connectivity exited the quarter with a $120 million annualized revenue run rate.  Gross margin declined from 58% to 56%.  Segment income was break-even compared to a loss of $1 million in the prior year.

howe Scott“I am pleased to report a solid first quarter, highlighted by strong financial performance, new partnerships and continued product innovation,” said Acxiom CEO Scott Howe. “Fiscal 2017 is off to a good start, and we are focused on extending our early momentum through the remainder of the year.” .

Source:  Acxiom Earnings Release