Acxiom Joins New Salesforce Analytics Cloud Ecosystem to Drive Consumer Data into the Heart of Business Decision-Making
Nov 19 14
Acxiom(R) announced it has joined the Salesforce Analytics Cloud Ecosystem to provide consumer recognition, data assets and value-added analytic insights to users, improving critical decision processes, and driving improvement in overall business results. The Salesforce Analytics Cloud is the first cloud analytics platform designed for every business user, making it easier than ever to experience the value of data to the brand experience in a Privacy-compliant manner, uncover new insights and take action instantly from any device. Acxiom's integration into the Salesforce Analytics Cloud will empower users to connect representations within their own CRM data of a customer and their households together, and provide additional data about their interests, attitudes, demographics and behavioral propensities. Business users will be empowered to: visualize their customer base easily, comparing it to populations, or segments, from Acxiom's comprehensive marketing database of consumers; analyze trends in the customer base using industry-specific, world-class data sets; develop the instant insights necessary to make the key decisions for marketing, sales and service, thus improving business results.
Acxiom Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2015
Nov 3 14
Acxiom Corporation announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company's total revenue was $260,037,000 against $276,777,000 a year ago. Total revenue was down 3% compared to the second quarter of fiscal 2014 as a result of expected IT Infrastructure Management declines. Income from operations was $3,307,000 against $19,227,000 a year ago. Earnings before income taxes were $797,000 against $15,897,000 a year ago. Net loss from continuing operations was $1,496,000 against net earnings from continuing operations of $9,438,000 a year ago. Net loss was $1,544,000 or 0.02 diluted loss per share against $9,864,000 or 0.13 diluted per share a year ago. Net earnings attributable to Acxiom were $1,544,000 or 0.02 diluted per share against $9,839,000 or 0.13 diluted per share a year ago. GAAP operating income and diluted earnings per share were down due to expenses associated with business separation and transformation activities, non-cash compensation and acquired intangible asset amortization, as well as declines in IT Infrastructure Management. Non-GAAP net earnings were $13,952,000 against $17,225,000 a year ago. Non-GAAP net earnings attributable to Acxiom were $13,952,000 or 0.18 diluted per share against $17,200,000 or 0.23 diluted per share a year ago. Net cash provided by operating activities was $25,792,000 against $42,255,000 a year ago. Capital expenditures were $19,396,000 against $9,130,000 a year ago. Non-GAAP diluted earnings per share were $0.18 compared to $0.23 a year ago. Non-GAAP operating income was $25 million, down from $32 million for the same period last year. Non-GAAP operating income and diluted earnings per share were down as a result of the declines in the IT Infrastructure Management business. The increase in capital expenditure was primarily due to investment in next-generation network and infrastructure and initial CapEx associated with Exelon contract.
For the six months, the company's total revenue was $502,252,000 against $524,955,000 a year ago. Loss from operations was $1,171,000 against profit of $42,685,000 a year ago. Loss before income taxes was $6,665,000 against income before income taxes of $36,440,000 a year ago. Net loss from continuing operations was $7,568,000 against net earnings from continuing operations of $22,959,000 a year ago. Net loss was $9,148,000 or 0.12 diluted loss per share against net earnings of $22,959,000 or 0.30 diluted per share a year ago. Net loss attributable to Acxiom was $9,148,000 or 0.12 diluted per share against net earnings of $23,019,000 or 0.30 diluted per share a year ago. Non-GAAP net earnings were $23,914,000 against $31,961,000 a year ago. Non-GAAP net earnings attributable to Acxiom were $23,914,000 or 0.31 diluted per share against $31,901,000 or 0.42 diluted per share a year ago. Net cash provided by operating activities was $27,659,000 against $58,763,000 a year ago. Capital expenditures were $38,397,000 against $18,042,000 a year ago.
For fiscal 2015, the company expects revenue from continuing operations to be down roughly 4% compared to fiscal year 2014. The decline in revenue is primarily due to the impact of lost IT Infrastructure Management customers and the exit of analog paper survey business in Europe. Earnings per diluted share are expected to be in the range of $0.73 to $0.78. The company continues to expect CapEx for the year to be approximately $100 million. LiveRamp intangible asset amortization is expected to be $3.7 million in amortization per quarter on a go-forward basis. The company now expects revenue growth of between 3.5% to 4.5% as compared to adjusted revenue base of $981 million.
For the third quarter, the company expects overall margins to be roughly flat to slightly down year-over-year, an expected slight increase in M&DS margins should offset lower ITO margins.