Acxiom Quarterly Profits Down 71% From Previous Year

Acxiom Corp. saw revenues fall nearly 3.5% in its final fiscal quarter, but earnings plummeted 71% during the three-month reporting period.

The Little Rock-based data marketer posted net income of $13.2 million on revenue of $277.1 million. One year ago, Acxiom reported profits of $46 million on revenue of $287.2 million.

For the full year, Acxiom posted net earnings of $57.6 million on revenue of $1.1 billion. One year ago, Acxiom reported net earnings of $77.3 million on revenue of $1.13 billion.

For the fourth quarter, Acxiom said its Marketing and Data services saw a slip in revenue, primarily in its overseas operations. U.S. revenue for the segment was flat.

In its IT Infrastructure Management division, revenue for the fourth quarter also decreased. The company said the decline was associated with “a one-time contract adjustment for an existing customer.”

Acxiom also lost revenue in its Other Services segment; however, it noted new contracts with Foot Locker and Total Wine & More as well as an expanded relationship with Macy’s and two unnamed large U.S. financial institutions.

“Fiscal 2013 was a year of transition for the company”, said Acxiom CEO Scott Howe. “This past year we re-ignited product innovation, invested in our clients and our associates and continued to support our shareholders through our stock repurchase program. Looking ahead to 2014 we expect to continue to invest in our new product suite, add new customers and anticipate product launches in the later part of the fiscal year.”

Access Acxiom’s financial statements at this link.