Acxiom® (Nasdaq: ACXM) announced financial results for its fourth quarter and fiscal year ended March 31, 2017.
Q4 Revenue was $225 million or flat compared to the fourth quarter of last year. Strong growth in Connectivity and Audience Solutions was offset by revenue declines associated with the second quarter divestiture of Acxiom Impact.
Full Year Revenue was $880 million, up 4% compared to fiscal 2016 driven by growth in Connectivity and Audience Solutions, partially offset by the divestiture of Acxiom Impact.
Operating Income (Loss): GAAP operating income from continuing operations was $16 million compared to a loss of $13 million in the prior year. Non-GAAP operating income from continuing operations improved 33% to approximately $100 million.
Operating Cash Flow from continuing operations improved to $116 million, up from $114 million in the prior year.
“Fiscal 2017 was a milestone year for Acxiom,” said Acxiom CEO Scott Howe. “Each of our businesses delivered revenue growth and margin improvement, and we made a number of strategic moves to accelerate our vision of powering a world where all marketing is relevant. We enter fiscal 2018 from a position of strength and industry leadership and remain committed to delivering even more value to our clients and shareholders.”
After the announcement Acxiom’s share price dropped 7%.
Source: Acxiom Earnings Release – for further information please log on