Revenues from continuing operations was $273 million, down 3 percent compared to $281 million for the prior-year period (third quarter ended December 31, 2012).

Third Quarter Highlights:

  • Acxiom continues to invest in its new digital products suite. During the quarter, the company released the following new products: InfoBase data for major ad platforms and over 1,500 predictive models for 10 major industry verticals. The company intends to hold a product briefing with investors on March 6 in New York City. The briefing will be presented by Dr. Phil Mui, key members of the engineering team and Nada Stirratt, the company’s Chief Revenue Officer.
  • Acxiom repurchased 1,040,000 shares for $18.3 million during the quarter. Since inception of the share repurchase program in August 2011, the company has repurchased 9.9 million shares, or approximately 12 percent of the outstanding common stock, for $131 million. The company has remaining capacity of approximately $19 million out of the total stock repurchase authorization of $150 million.
  • Acxiom announced its annual invitation-only client forum known as Engage to be held on March 6-8 in New York City. Over 200 top clients and prospects are registered to attend the conference which provides the opportunity for the world’s largest marketers to discuss case studies and new technologies. President Bill Clinton will deliver the keynote address and statistician Nate Silver will also be featured.
  • Acxiom appointed Dana Hayes, Jr. as Group VP of Partner Development. Hayes will lead efforts to build strategic partnerships and distribution relationships for global data driven marketing and advertising. He has more than 15 years of experience in digital media and marketing in leadership roles with companies such as weather.com and Tribune Company.

Segment Results:

  • Marketing and Data Services: Revenue for the third quarter increased slightly to $190 million, as compared to $187 million for the same period a year ago. U.S. revenue of $160 million increased 4 percent but was offset by declines internationally. Income from operations for the third quarter was $18 million, compared to $21 million in the prior period. Operating margin was 10 percent, compared to 11 percent in the previous year.
  • IT Infrastructure Management: Revenue for the third quarter decreased 9 percent to $70 million, compared to $77 million for the same period a year ago. Income from operations for the quarter was roughly flat at $10 million. Operating margin was approximately 14 percent, compared to 13 percent a year ago.
  • Other Services: Revenue was $13 million as compared to $16 million in the prior year. Loss from operations was roughly flat at $1 million.

Financial Guidance: Acxiom expects revenue for the fiscal year to be down approximately 2.5 percent as compared to $1.131 billion in the prior year.  The decline is projected primarily as a result of decreases in IT infrastructure management and international operations.   It now expects earnings per diluted share of up to $.73 as compared to our previous guidance of roughly $.70.

Source: Acxiom Press Release