• Revenue from continuing operations was $277 million, down 3 percent compared to $286 million for the second quarter last year.
  • Income from continuing operations increased 12 percent to $30 million in the current quarter, compared to $27 million in the prior year.

Segment Results:

  • Marketing and Data Services: Revenue for the second quarter was $194 million, roughly flat as compared to $196 million for the same period a year ago.  U.S. revenue of $166 million was up 2 percent but was offset by declines internationally.  Income from operations for the second quarter was $23 million, compared to $27 million in the prior period.  Operating margin was 12 percent, compared to 14 percent in the previous year. 
  • IT Infrastructure Management: Revenue for the second quarter decreased 5 percent to $70 million, compared to $74 million for the same period a year ago. Income from operations for the quarter was $9 million, compared to $5 million in the prior period. Operating margin was approximately 12 percent, compared to 7 percent a year ago.
  • Other Services: Revenue was $13 million as compared to $17 million in the prior year.  Loss from operations was approximately $2 million, compared to $3 million in the prior-year period.

Second Quarter Highlights:

Operating margin increased approximately 1.5 percentage points to 10.9 percent, as a result of improvements in the company’s IT infrastructure management segment and international operations. Excluding unusual items operating margin improved by approximately 60 basis points.

Acxiom repurchased 800,000 shares for $14 million during the quarter. Since August 2011, the company has repurchased 9 million shares, or approximately 11 percent of the outstanding common stock, for $115 million. The company has remaining capacity of approximately $35 million out of the total stock repurchase authorization of $150 million.

In the quarter, Acxiom clients United Airlines and Macy’s were both named “Marketer of the Year” by the Direct Marketing Association. United also received the top “Innovation Award.” These awards were given for outstanding achievement in multichannel direct marketing and represent the DMA’s highest honors. United partnered with Acxiom for its MileagePlus program, which delivered personalized and relevant communications to its members. Acxiom worked with Macy’s to create a more complete view of each customer to enable insight-driven communications coordinated across offline and digital channels.

Outlook:  We continue to expect revenue to be flat to slightly down versus the prior year.  We now expect earnings per diluted share to be roughly $0.70 as compared to our previous guidance of $0.60 to $0.65.

Source:  Acxiom Press Release