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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
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CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported): November 4, 2015
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ACXIOM CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
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DELAWARE
(State or Other Jurisdiction of Incorporation)
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0-13163
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71-0581897
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(Commission File Number)
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(IRS Employer Identification No.)
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P.O. Box 8190, 601 E. Third Street,
Little Rock, Arkansas
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72203-8190
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(Address of Principal Executive Offices)
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(Zip Code)
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501-342-1000
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(Registrant’s Telephone Number, Including Area Code)
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.02 Results of Operations and Financial Condition.
On November 4, 2015, Acxiom Corporation (the “Company”) issued a press release announcing the results of its financial performance for the second quarter of fiscal year 2016. The Company will hold a conference call at 4:00 p.m. CT today to discuss this information further. Interested parties are invited to listen to the call, which will be broadcast via the Internet at www.acxiom.com. The press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein.
The Company’s press release and other communications from time to time include certain non-GAAP financial measures. A “non-GAAP financial measure” is defined as a numerical measure of a company’s financial performance, financial position or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in the Company’s financial statements.
The attached press release includes non-GAAP measures of (i) income from operations, earnings per share attributable to Acxiom shareholders, and segment income from operations, all excluding unusual items and (ii) free cash flow available to equity. Operating income excluding unusual items and earnings per share attributable to Acxiom shareholders excluding unusual items represent loss from the Company’s continuing operations less expenses related to discontinued operations, gains, losses and other items, the impact of business separation and transformation expenses recorded in general and administrative expense, the impact of purchased intangible asset amortization recorded in cost of revenue and the impact of non-cash stock compensation recorded in both cost of revenue and operating expenses. Segment income from operations excluding unusual items represents segment income from operations excluding purchased intangible asset amortization, non-cash stock compensation, and restructuring charges that were charged to the segment for GAAP purposes. The Company’s management believes that these non-GAAP measures are meaningful since they represent the recurring income from the Company’s continuing operations before excluded items, which are not a recurring part of the Company’s ordinary course operations, and before purchased intangible asset amortization and non-cash stock compensation, which are recurring non-cash expenses. Management also believes these measures are useful in comparison to other companies who report similar measures. The non-GAAP measures are reconciled to the corresponding GAAP measures of income (loss) from operations, earnings per share attributable to Acxiom shareholders, and segment income (loss) from operations in schedules to the press release.
Free cash flow available to equity is defined as operating cash flow less cash used by investing activities (excluding the impact of cash paid in acquisitions), less required payments of debt, and excluding the impact of discontinued operations. The Company’s management believes that this measure of free cash flow available to equity is meaningful since it represents the amount of money available from continuing operations for the Company’s discretionary spending after funding all required obligations including scheduled debt payments, and it therefore provides a useful measure of liquidity for assessing the amount of cash available for general corporate and strategic purposes. Free cash flow available to equity is reconciled to operating cash flow, the nearest comparable GAAP measure, in a schedule to the press release.
The non-GAAP financial measures used by the Company may not be comparable to similarly titled measures used by other companies and should not be considered in isolation or as substitutes for measures of financial performance or liquidity prepared in accordance with GAAP.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibits are furnished herewith:
Exhibit
Number
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Description
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99.1
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Press Release of the Company dated November 4, 2015
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: November 4, 2015
ACXIOM CORPORATION
By: /s/ Jerry C. Jones
Name: Jerry C. Jones
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Title:
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Chief Ethics and Legal Officer & Executive Vice President
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EXHIBIT INDEX
Exhibit
Number
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Description
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99.1
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Press Release of the Company dated November 4, 2015
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For more information, contact:
Lauren Dillard
Acxiom Investor Relations
(650) 372-2242
investor.relations@acxiom.com
EACXM
ACXIOM ANNOUNCES SECOND QUARTER RESULTS
Connectivity Revenue Increases 65% Year-over-Year
Total US Revenue Grows 6% Year-over-Year
LITTLE ROCK, Ark. – November 4, 2015 Acxiom® (Nasdaq: ACXM), an enterprise data, analytics and software-as-a-service company, today announced financial results for its second quarter ended September 30, 2015.
Financial Highlights
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Revenue: Total revenue was $207 million, up approximately 2% compared to the second quarter of last year. US revenue of $189 million was up 6% year-over-year.
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Operating Income (Loss): GAAP operating loss from continuing operations was $2 million compared to a loss of $6 million in the prior year. Non-GAAP operating income from continuing operations improved 30% to approximately $18 million compared to $14 million a year ago.
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Earnings (Loss) per Share: GAAP loss per share from continuing operations was $0.02 compared to a net loss of $0.09 in the prior year. Non-GAAP diluted earnings per share from continuing operations were $0.14, up 40% from $0.10 a year ago.
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Operating Cash Flow: Operating cash flow from continuing operations was $21 million, up from $14 million a year ago.
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Free Cash Flow to Equity: Free cash flow to equity improved $11 million to negative $1 million. This measure excludes cash flows related to the IT Infrastructure Management divestiture.
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Segment Results
Marketing Services and Audience Solutions
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Revenue was $185 million, down 3% compared to the second quarter of last year. Excluding a negative currency impact of approximately $3 million, total Marketing Services and Audience Solutions revenue was down 2%. US revenue of $168 million was up 2% year-over-year.
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Non-GAAP gross margin decreased from 44% to 41%.
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Non-GAAP operating income was $43 million compared to $54 million in the prior year.
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The declines were primarily driven by International results. In addition, operating income was impacted by continued investment in the US.
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Connectivity
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Revenue was $22 million, up approximately 65% compared to the second quarter of last year, driven by continued onboarding momentum. Connectivity exited the quarter with a $90 million revenue run-rate.
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Non-GAAP gross margin improved from 19% to 62%.
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Non-GAAP operating loss improved by approximately $11 million to a loss of roughly $1 million, driven by growth in subscriptions and royalties.
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Non-GAAP results exclude items including non-cash compensation, purchased intangible asset amortization, and separation and transformation costs. A reconciliation between GAAP and non-GAAP results is attached to this release.
“Connectivity had another impressive quarter highlighted by strong revenue growth, new customer additions and the launch of LiveRamp Customer Link™,” said Acxiom CEO Scott Howe. “At the same time, our Marketing Services and Audience Solutions businesses had a number of key wins during the quarter, including several large renewals.”
Business Highlights
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LiveRamp™ added 40 new customers during the quarter and added over 30 new partner integrations. Marketers can now onboard and distribute their data to a growing network of more than 250 marketing platforms and data providers.
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Connectivity powered $82 million of gross media spend in the second quarter, up 122% year-over-year. On a trailing twelve-month basis, Connectivity powered $268 million of gross media spend, up 167% over the comparable period.
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LiveRamp announced the launch of Customer Link, a new software-as-a-service product that connects campaign and sales data across channels and devices, solving the linking challenge that prevents marketers from creating a unified view of customer activity. Customer Link extends LiveRamp’s suite of open connectivity services.
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Acxiom repurchased approximately 607,000 shares for $12 million during the quarter. Since inception of the share repurchase program in August 2011, Acxiom has repurchased 14.3 million shares for $230 million.
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Financial Outlook
Acxiom’s guidance excludes the impact of unusual items, non-cash compensation and acquired intangible asset amortization. Acxiom reconfirms the following estimates for fiscal 2016:
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Revenue from continuing operations in the range of $815 million to $840 million
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Non-GAAP diluted earnings per share from continuing operations in the range of $0.45 to $0.50
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Conference Call
Acxiom will hold a conference call at 4:00 p.m. CST today to further discuss this information. Interested parties are invited to listen to the call, which will be broadcast via the Internet at investors.acxiom.com. A slide presentation will be referenced during the call and can be accessed here.
About Acxiom
Acxiom is an enterprise data, analytics and software-as-a-service company that uniquely fuses trust, experience and scale to fuel data-driven results. For over 40 years, Acxiom has been an innovator in harnessing the most important sources and uses of data to strengthen connections between people, businesses and their partners. Utilizing a channel and media neutral approach, we leverage cutting-edge, data-oriented products and services to maximize customer value. Every week, Acxiom powers more than a trillion transactions that enable better living for people and better results for our 7,000+ global clients. For more information about Acxiom, visit Acxiom.com.
Forward-Looking Statements
This release and today’s conference call contains forward-looking statements including, without limitation, statements regarding expected levels of revenue and earnings per share. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. The following are factors, among others, that could cause actual results to differ materially from these forward-looking statements: the possibility that the expected revenue from the divisions may not be realized within the expected timeframe; the possibility that certain contracts may not generate the anticipated revenue or profitability or may not be closed within the anticipated time frames; the possibility that significant customers may experience extreme, severe economic difficulty or otherwise reduce or cancel the amount of business they do with us; the possibility that we will not successfully complete customer contract requirements on time or meet the service levels specified in the contracts, which may result in contract penalties or lost revenue; the possibility that data suppliers might withdraw data from us, leading to our inability to provide certain products and services to our clients; the possibility that we may not be able to attract, retain or motivate qualified technical, sales and leadership associates, or that we may lose key associates; the possibility that we may not be able to adequately adapt to rapidly changing computing environments, technologies and marketing practices; the possibility that we will not be able to continue to receive credit upon satisfactory terms and conditions; the possibility that negative changes in economic conditions in general or other conditions might lead to a reduction in demand for our products and services; the possibility that there will be changes in consumer or business information industries and markets that negatively impact the company; the possibility that the historical seasonality of our business may change; the possibility that we will not be able to achieve anticipated cost reductions and avoid unanticipated costs; the possibility that the fair value of certain of our assets may not be equal to the carrying value of those assets now or in future time periods; the possibility that unusual charges may be incurred; the possibility that changes in accounting pronouncements may occur and may impact these forward-looking statements; the possibility that we may encounter difficulties when entering new markets or industries; the possibility that we could experience loss of data center capacity or interruption of telecommunication links; the possibility that new laws may be enacted which limit our ability to provide services to our clients and/or which limit the use of data; and other risks and uncertainties, including those detailed from time to time in our current and periodic reports filed with the Securities and Exchange Commission, including our current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, particularly the discussion under the caption “Item 1A, RISK FACTORS” in our Annual Report on Form 10-K for the year ended March 31, 2015, which was filed with the Securities and Exchange Commission on May 27, 2015.
With respect to the provision of products or services outside our primary base of operations in the United States, all of the above factors apply, along with the difficulty of doing business in numerous sovereign jurisdictions due to differences in scale, competition, culture, laws and regulations.
We undertake no obligation to update the information contained in this press release or any other forward-looking statement.
Acxiom is a registered trademark of Acxiom Corporation.
To automatically receive Acxiom Corporation financial news by email, please visit www.acxiom.com and subscribe to email alerts.
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ACXIOM CORPORATION AND SUBSIDIARIES
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CONSOLIDATED STATEMENTS OF OPERATIONS
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(Unaudited)
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(Dollars in thousands, except earnings (loss) per share)
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For the Three Months Ended
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September 30,
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$ |
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% |
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2015
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2014
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Variance
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Variance
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Revenues
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207,345 |
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204,248 |
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3,097 |
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1.5 |
% |
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Cost of revenue
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121,312 |
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122,845 |
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(1,533 |
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(1.2 |
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Gross profit
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86,033 |
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81,403 |
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4,630 |
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5.7 |
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% Gross margin
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41.5 |
% |
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39.9 |
% |
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Operating expenses:
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Research and development
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19,078 |
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19,798 |
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(720 |
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(3.6 |
%) |
Sales and marketing
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34,259 |
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28,842 |
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5,417 |
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18.8 |
% |
General and administrative
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31,519 |
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38,373 |
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(6,854 |
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(17.9 |
%) |
Gains, losses and other items, net
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3,233 |
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833 |
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2,400 |
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288.1 |
% |
Total operating expenses
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88,089 |
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87,846 |
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243 |
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0.3 |
% |
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Loss from operations
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(2,056 |
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(6,443 |
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4,387 |
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68.1 |
% |
% Margin
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-1.0 |
% |
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-3.2 |
% |
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Other income (expense):
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Interest expense
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(1,956 |
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(1,821 |
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(135 |
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(7.4 |
%) |
Other, net
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59 |
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(163 |
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222 |
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136.2 |
% |
Total other expense
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(1,897 |
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(1,984 |
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87 |
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4.4 |
% |
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Loss from continuing operations before income taxes
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(3,953 |
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(8,427 |
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4,474 |
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53.1 |
% |
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Income taxes
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(2,608 |
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(1,326 |
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(1,282 |
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(96.7 |
%) |
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Net loss from continuing operations
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(1,345 |
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(7,101 |
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5,756 |
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81.1 |
% |
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Earnings from discontinued operations, net of tax
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12,068 |
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5,557 |
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6,511 |
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117.2 |
% |
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Net earnings (loss)
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10,723 |
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(1,544 |
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12,267 |
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794.5 |
% |
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Basic earnings (loss) per share:
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Net loss from continuing operations
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(0.02 |
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(0.09 |
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0.07 |
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81.3 |
% |
Net earnings from discontinued operations
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0.15 |
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0.07 |
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0.08 |
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114.8 |
% |
Net earnings (loss)
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0.14 |
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(0.02 |
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0.16 |
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787.0 |
% |
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Diluted earnings (loss) per share:
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Net loss from continuing operations
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(0.02 |
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(0.09 |
) |
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0.07 |
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81.3 |
% |
Net earnings from discontinued operations
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0.15 |
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0.07 |
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0.08 |
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114.8 |
% |
Net earnings (loss)
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0.14 |
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(0.02 |
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0.16 |
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787.0 |
% |
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Some earnings (loss) per share amounts may not add due to rounding
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ACXIOM CORPORATION AND SUBSIDIARIES
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CONSOLIDATED STATEMENTS OF OPERATIONS
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(Unaudited)
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(Dollars in thousands, except earnings (loss) per share)
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For the Six Months Ended
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September 30,
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$ |
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% |
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2015
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2014
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Variance
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Variance
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Revenues
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404,240 |
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390,931 |
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13,309 |
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3.4 |
% |
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Cost of revenue
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239,021 |
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235,935 |
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3,086 |
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1.3 |
% |
Gross profit
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165,219 |
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154,996 |
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10,223 |
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6.6 |
% |
% Gross margin
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40.9 |
% |
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39.6 |
% |
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Operating expenses:
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Research and development
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39,089 |
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36,148 |
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2,941 |
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8.1 |
% |
Sales and marketing
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63,753 |
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55,342 |
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8,411 |
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15.2 |
% |
General and administrative
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63,262 |
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75,074 |
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(11,812 |
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(15.7 |
%) |
Gains, losses and other items, net
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4,040 |
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7,961 |
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(3,921 |
) |
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(49.3 |
%) |
Total operating expenses
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170,144 |
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174,525 |
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(4,381 |
) |
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(2.5 |
%) |
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Loss from operations
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|
|
(4,925 |
) |
|
|
(19,529 |
) |
|
|
14,604 |
|
|
|
74.8 |
% |
% Margin
|
|
|
-1.2 |
% |
|
|
-5.0 |
% |
|
|
|
|
|
|
|
|
Other income (expense):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
(3,841 |
) |
|
|
(3,769 |
) |
|
|
(72 |
) |
|
|
(1.9 |
%) |
Other, net
|
|
|
363 |
|
|
|
(269 |
) |
|
|
632 |
|
|
|
234.9 |
% |
Total other expense
|
|
|
(3,478 |
) |
|
|
(4,038 |
) |
|
|
560 |
|
|
|
13.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before income taxes
|
|
|
(8,403 |
) |
|
|
(23,567 |
) |
|
|
15,164 |
|
|
|
64.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
|
(1,876 |
) |
|
|
(5,725 |
) |
|
|
3,849 |
|
|
|
67.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations
|
|
|
(6,527 |
) |
|
|
(17,842 |
) |
|
|
11,315 |
|
|
|
63.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from discontinued operations, net of tax
|
|
|
16,211 |
|
|
|
8,694 |
|
|
|
7,517 |
|
|
|
86.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss)
|
|
|
9,684 |
|
|
|
(9,148 |
) |
|
|
18,832 |
|
|
|
205.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations
|
|
|
(0.08 |
) |
|
|
(0.23 |
) |
|
|
0.15 |
|
|
|
63.9 |
% |
Net earnings from discontinued operations
|
|
|
0.21 |
|
|
|
0.11 |
|
|
|
0.10 |
|
|
|
84.2 |
% |
Net earnings (loss)
|
|
|
0.12 |
|
|
|
(0.12 |
) |
|
|
0.24 |
|
|
|
204.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations
|
|
|
(0.08 |
) |
|
|
(0.23 |
) |
|
|
0.15 |
|
|
|
63.9 |
% |
Net earnings from discontinued operations
|
|
|
0.21 |
|
|
|
0.11 |
|
|
|
0.10 |
|
|
|
84.2 |
% |
Net earnings (loss)
|
|
|
0.12 |
|
|
|
(0.12 |
) |
|
|
0.24 |
|
|
|
202.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Some earnings (loss) per share amounts may not add due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RECONCILIATION OF GAAP TO NON-GAAP EPS
|
|
(Unaudited)
|
|
(Dollars in thousands, except earnings (loss) per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
|
|
|
For the Six Months Ended
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
2015
|
|
|
2014
|
|
|
2015
|
|
|
2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before income taxes
|
|
|
(3,953 |
) |
|
|
(8,427 |
) |
|
|
(8,403 |
) |
|
|
(23,567 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
|
(2,608 |
) |
|
|
(1,326 |
) |
|
|
(1,876 |
) |
|
|
(5,725 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations
|
|
|
(1,345 |
) |
|
|
(7,101 |
) |
|
|
(6,527 |
) |
|
|
(17,842 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from discontinued operations, net of tax
|
|
|
12,068 |
|
|
|
5,557 |
|
|
|
16,211 |
|
|
|
8,694 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss)
|
|
|
10,723 |
|
|
|
(1,544 |
) |
|
|
9,684 |
|
|
|
(9,148 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
0.14 |
|
|
|
(0.02 |
) |
|
|
0.12 |
|
|
|
(0.12 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
0.14 |
|
|
|
(0.02 |
) |
|
|
0.12 |
|
|
|
(0.12 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Excluded items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased intangible asset amortization (cost of revenue)
|
|
|
3,754 |
|
|
|
3,827 |
|
|
|
7,508 |
|
|
|
3,890 |
|
Non-cash stock compensation (cost of revenue and operating expenses)
|
|
|
7,360 |
|
|
|
7,725 |
|
|
|
15,483 |
|
|
|
11,650 |
|
Restructuring charges and other adjustments (gains, losses, and other)
|
|
|
3,233 |
|
|
|
833 |
|
|
|
4,040 |
|
|
|
7,961 |
|
Separation and transformation costs (general and administrative)
|
|
|
6,098 |
|
|
|
8,291 |
|
|
|
9,512 |
|
|
|
18,829 |
|
Accelerated amortization (cost of revenue)
|
|
|
78 |
|
|
|
- |
|
|
|
1,520 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total excluded items, continuing operations
|
|
|
20,523 |
|
|
|
20,676 |
|
|
|
38,063 |
|
|
|
42,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from continuing operations before income taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and excluding items
|
|
|
16,570 |
|
|
|
12,249 |
|
|
|
29,660 |
|
|
|
18,763 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
|
5,163 |
|
|
|
4,757 |
|
|
|
10,795 |
|
|
|
7,274 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net earnings
|
|
|
11,407 |
|
|
|
7,492 |
|
|
|
18,865 |
|
|
|
11,489 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
0.15 |
|
|
|
0.10 |
|
|
|
0.24 |
|
|
|
0.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
0.14 |
|
|
|
0.10 |
|
|
|
0.24 |
|
|
|
0.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average shares
|
|
|
77,960 |
|
|
|
77,123 |
|
|
|
77,939 |
|
|
|
76,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted weighted average shares
|
|
|
79,310 |
|
|
|
78,307 |
|
|
|
79,332 |
|
|
|
78,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
CALCULATION OF EARNINGS (LOSS) PER SHARE
|
|
(Unaudited)
|
|
(In thousands, except earnings (loss) per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
|
|
|
|
|
|
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
2015
|
|
|
2014
|
|
|
|
|
|
|
|
|
Basic loss per share from continuing operations:
|
|
|
|
|
|
|
Numerator - net loss
|
|
|
(1,345 |
) |
|
|
(7,101 |
) |
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,960 |
|
|
|
77,123 |
|
Basic loss per share
|
|
|
(0.02 |
) |
|
|
(0.09 |
) |
|
|
|
|
|
|
|
|
|
Diluted loss per share from continuing operations:
|
|
|
|
|
|
|
|
|
Numerator - net loss
|
|
|
(1,345 |
) |
|
|
(7,101 |
) |
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,960 |
|
|
|
77,123 |
|
Diluted loss per share
|
|
|
(0.02 |
) |
|
|
(0.09 |
) |
|
|
|
|
|
|
|
|
|
Basic earnings per share from discontinued operations:
|
|
|
|
|
|
|
|
|
Numerator - net earnings
|
|
|
12,068 |
|
|
|
5,557 |
|
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,960 |
|
|
|
77,123 |
|
Basic earnings per share
|
|
|
0.15 |
|
|
|
0.07 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share from discontinued operations:
|
|
|
|
|
|
|
|
|
Numerator - net earnings
|
|
|
12,068 |
|
|
|
5,557 |
|
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,960 |
|
|
|
77,123 |
|
Dilutive effect of common stock options, warrants and restricted stock
|
|
|
- |
|
|
|
- |
|
|
|
|
77,960 |
|
|
|
77,123 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share
|
|
|
0.15 |
|
|
|
0.07 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per share:
|
|
|
|
|
|
|
|
|
Numerator - net earnings (loss)
|
|
|
10,723 |
|
|
|
(1,544 |
) |
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,960 |
|
|
|
77,123 |
|
Dilutive effect of common stock options, warrants, and restricted stock
|
|
|
- |
|
|
|
- |
|
|
|
|
77,960 |
|
|
|
77,123 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per share
|
|
|
0.14 |
|
|
|
(0.02 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
CALCULATION OF EARNINGS (LOSS) PER SHARE
|
|
(Unaudited)
|
|
(In thousands, except earnings (loss) per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended
|
|
|
|
|
|
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
2015
|
|
|
2014
|
|
|
|
|
|
|
|
|
Basic loss per share from continuing operations:
|
|
|
|
|
|
|
Numerator - net loss
|
|
|
(6,527 |
) |
|
|
(17,842 |
) |
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,939 |
|
|
|
76,978 |
|
Basic loss per share
|
|
|
(0.08 |
) |
|
|
(0.23 |
) |
|
|
|
|
|
|
|
|
|
Diluted loss per share from continuing operations:
|
|
|
|
|
|
|
|
|
Numerator - net loss
|
|
|
(6,527 |
) |
|
|
(17,842 |
) |
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,939 |
|
|
|
76,978 |
|
Diluted loss per share
|
|
|
(0.08 |
) |
|
|
(0.23 |
) |
|
|
|
|
|
|
|
|
|
Basic earnings per share from discontinued operations:
|
|
|
|
|
|
|
|
|
Numerator - net earnings
|
|
|
16,211 |
|
|
|
8,694 |
|
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,939 |
|
|
|
76,978 |
|
Basic earnings per share
|
|
|
0.21 |
|
|
|
0.11 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share from discontinued operations:
|
|
|
|
|
|
|
|
|
Numerator - net earnings
|
|
|
16,211 |
|
|
|
8,694 |
|
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,939 |
|
|
|
76,978 |
|
Dilutive effect of common stock options, warrants and restricted stock
|
|
|
- |
|
|
|
- |
|
|
|
|
77,939 |
|
|
|
76,978 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share
|
|
|
0.21 |
|
|
|
0.11 |
|
|
|
|
|
|
|
|
|
|
Diluted loss per share:
|
|
|
|
|
|
|
|
|
Numerator - net earnings (loss)
|
|
|
9,684 |
|
|
|
(9,148 |
) |
|
|
|
|
|
|
|
|
|
Denominator - weighted-average shares outstanding
|
|
|
77,939 |
|
|
|
76,978 |
|
Dilutive effect of common stock options, warrants, and restricted stock
|
|
|
- |
|
|
|
- |
|
|
|
|
77,939 |
|
|
|
76,978 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per share
|
|
|
0.12 |
|
|
|
(0.12 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RESULTS BY SEGMENT-GAAP
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2015
|
|
|
September 30, 2014
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
185,101 |
|
|
|
22,244 |
|
|
|
- |
|
|
|
207,345 |
|
|
|
190,776 |
|
|
|
13,472 |
|
|
|
- |
|
|
|
204,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss)
|
|
|
76,030 |
|
|
|
10,081 |
|
|
|
(78 |
) |
|
|
86,033 |
|
|
|
82,652 |
|
|
|
(1,249 |
) |
|
|
- |
|
|
|
81,403 |
|
% Gross margin
|
|
|
41.1 |
% |
|
|
45.3 |
% |
|
|
n/a |
|
|
|
41.5 |
% |
|
|
43.3 |
% |
|
|
-9.3 |
% |
|
|
n/a |
|
|
|
39.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
41,586 |
|
|
|
(10,192 |
) |
|
|
(33,450 |
) |
|
|
(2,056 |
) |
|
|
52,302 |
|
|
|
(20,277 |
) |
|
|
(38,468 |
) |
|
|
(6,443 |
) |
% margin
|
|
|
22.5 |
% |
|
|
-45.8 |
% |
|
|
n/a |
|
|
|
-1.0 |
% |
|
|
27.4 |
% |
|
|
-150.5 |
% |
|
|
n/a |
|
|
|
-3.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RESULTS BY SEGMENT-GAAP
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2015
|
|
|
September 30, 2014
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
361,377 |
|
|
|
42,863 |
|
|
|
- |
|
|
|
404,240 |
|
|
|
373,125 |
|
|
|
17,806 |
|
|
|
- |
|
|
|
390,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss)
|
|
|
148,049 |
|
|
|
18,690 |
|
|
|
(1,520 |
) |
|
|
165,219 |
|
|
|
159,876 |
|
|
|
(4,880 |
) |
|
|
- |
|
|
|
154,996 |
|
% Gross margin
|
|
|
41.0 |
% |
|
|
43.6 |
% |
|
|
n/a |
|
|
|
40.9 |
% |
|
|
42.8 |
% |
|
|
-27.4 |
% |
|
|
n/a |
|
|
|
39.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
79,873 |
|
|
|
(18,217 |
) |
|
|
(66,581 |
) |
|
|
(4,925 |
) |
|
|
98,523 |
|
|
|
(34,538 |
) |
|
|
(83,514 |
) |
|
|
(19,529 |
) |
% margin
|
|
|
22.1 |
% |
|
|
-42.5 |
% |
|
|
n/a |
|
|
|
-1.2 |
% |
|
|
26.4 |
% |
|
|
-194.0 |
% |
|
|
n/a |
|
|
|
-5.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RESULTS BY SEGMENT-NON-GAAP
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2015
|
|
|
September 30, 2014
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
185,101 |
|
|
|
22,244 |
|
|
|
- |
|
|
|
207,345 |
|
|
|
190,776 |
|
|
|
13,472 |
|
|
|
- |
|
|
|
204,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
76,404 |
|
|
|
13,810 |
|
|
|
- |
|
|
|
90,214 |
|
|
|
83,043 |
|
|
|
2,503 |
|
|
|
- |
|
|
|
85,546 |
|
% Gross margin
|
|
|
41.3 |
% |
|
|
62.1 |
% |
|
|
n/a |
|
|
|
43.5 |
% |
|
|
43.5 |
% |
|
|
18.6 |
% |
|
|
n/a |
|
|
|
41.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
42,696 |
|
|
|
(664 |
) |
|
|
(23,565 |
) |
|
|
18,467 |
|
|
|
53,556 |
|
|
|
(11,702 |
) |
|
|
(27,621 |
) |
|
|
14,233 |
|
% margin
|
|
|
23.1 |
% |
|
|
-3.0 |
% |
|
|
n/a |
|
|
|
8.9 |
% |
|
|
28.1 |
% |
|
|
-86.9 |
% |
|
|
n/a |
|
|
|
7.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RECONCILIATION OF GAAP TO NON-GAAP SEGMENT RESULTS
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2015
|
|
|
September 30, 2014
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss)
|
|
|
76,030 |
|
|
|
10,081 |
|
|
|
(78 |
) |
|
|
86,033 |
|
|
|
82,652 |
|
|
|
(1,249 |
) |
|
|
- |
|
|
|
81,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased intangible asset amortization
|
|
|
25 |
|
|
|
3,729 |
|
|
|
- |
|
|
|
3,754 |
|
|
|
75 |
|
|
|
3,752 |
|
|
|
- |
|
|
|
3,827 |
|
Non-cash stock compensation
|
|
|
347 |
|
|
|
- |
|
|
|
- |
|
|
|
347 |
|
|
|
316 |
|
|
|
- |
|
|
|
- |
|
|
|
316 |
|
Accelerated amortization
|
|
|
- |
|
|
|
- |
|
|
|
78 |
|
|
|
78 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Restructuring charges and other adjustments
|
|
|
2 |
|
|
|
- |
|
|
|
- |
|
|
|
2 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss) before excluded items
|
|
|
76,404 |
|
|
|
13,810 |
|
|
|
- |
|
|
|
90,214 |
|
|
|
83,043 |
|
|
|
2,503 |
|
|
|
- |
|
|
|
85,546 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
41,586 |
|
|
|
(10,192 |
) |
|
|
(33,450 |
) |
|
|
(2,056 |
) |
|
|
52,302 |
|
|
|
(20,277 |
) |
|
|
(38,468 |
) |
|
|
(6,443 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased intangible asset amortization
|
|
|
25 |
|
|
|
3,729 |
|
|
|
- |
|
|
|
3,754 |
|
|
|
75 |
|
|
|
3,752 |
|
|
|
- |
|
|
|
3,827 |
|
Non-cash stock compensation
|
|
|
1,053 |
|
|
|
5,625 |
|
|
|
682 |
|
|
|
7,360 |
|
|
|
804 |
|
|
|
5,560 |
|
|
|
1,361 |
|
|
|
7,725 |
|
Restructuring charges and other adjustments
|
|
|
32 |
|
|
|
174 |
|
|
|
3,027 |
|
|
|
3,233 |
|
|
|
375 |
|
|
|
(737 |
) |
|
|
1,195 |
|
|
|
833 |
|
Separation and transformation costs
|
|
|
- |
|
|
|
- |
|
|
|
6,098 |
|
|
|
6,098 |
|
|
|
- |
|
|
|
- |
|
|
|
8,291 |
|
|
|
8,291 |
|
Accelerated amortization
|
|
|
- |
|
|
|
- |
|
|
|
78 |
|
|
|
78 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) before excluded items
|
|
|
42,696 |
|
|
|
(664 |
) |
|
|
(23,565 |
) |
|
|
18,467 |
|
|
|
53,556 |
|
|
|
(11,702 |
) |
|
|
(27,621 |
) |
|
|
14,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RESULTS BY SEGMENT-NON-GAAP
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2015
|
|
|
September 30, 2014
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
361,377 |
|
|
|
42,863 |
|
|
|
- |
|
|
|
404,240 |
|
|
|
373,125 |
|
|
|
17,806 |
|
|
|
- |
|
|
|
390,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss)
|
|
|
148,877 |
|
|
|
26,148 |
|
|
|
- |
|
|
|
175,025 |
|
|
|
160,602 |
|
|
|
(1,096 |
) |
|
|
- |
|
|
|
159,506 |
|
% Gross margin
|
|
|
41.2 |
% |
|
|
61.0 |
% |
|
|
n/a |
|
|
|
43.3 |
% |
|
|
43.0 |
% |
|
|
-6.2 |
% |
|
|
n/a |
|
|
|
40.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
82,949 |
|
|
|
(837 |
) |
|
|
(48,974 |
) |
|
|
33,138 |
|
|
|
100,826 |
|
|
|
(25,554 |
) |
|
|
(52,471 |
) |
|
|
22,801 |
|
% margin
|
|
|
23.0 |
% |
|
|
-2.0 |
% |
|
|
n/a |
|
|
|
8.2 |
% |
|
|
27.0 |
% |
|
|
-143.5 |
% |
|
|
n/a |
|
|
|
5.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RECONCILIATION OF GAAP TO NON-GAAP SEGMENT RESULTS
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2015
|
|
|
September 30, 2014
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
& Audience Solutions
|
|
|
Connectivity
|
|
|
Corporate
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss)
|
|
|
148,049 |
|
|
|
18,690 |
|
|
|
(1,520 |
) |
|
|
165,219 |
|
|
|
159,876 |
|
|
|
(4,880 |
) |
|
|
- |
|
|
|
154,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased intangible asset amortization
|
|
|
50 |
|
|
|
7,458 |
|
|
|
- |
|
|
|
7,508 |
|
|
|
106 |
|
|
|
3,784 |
|
|
|
- |
|
|
|
3,890 |
|
Non-cash stock compensation
|
|
|
776 |
|
|
|
- |
|
|
|
- |
|
|
|
776 |
|
|
|
620 |
|
|
|
- |
|
|
|
- |
|
|
|
620 |
|
Accelerated amortization
|
|
|
- |
|
|
|
- |
|
|
|
1,520 |
|
|
|
1,520 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Restructuring charges and other adjustments
|
|
|
2 |
|
|
|
- |
|
|
|
- |
|
|
|
2 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss) before excluded items
|
|
|
148,877 |
|
|
|
26,148 |
|
|
|
- |
|
|
|
175,025 |
|
|
|
160,602 |
|
|
|
(1,096 |
) |
|
|
- |
|
|
|
159,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
79,873 |
|
|
|
(18,217 |
) |
|
|
(66,581 |
) |
|
|
(4,925 |
) |
|
|
98,523 |
|
|
|
(34,538 |
) |
|
|
(83,514 |
) |
|
|
(19,529 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased intangible asset amortization
|
|
|
50 |
|
|
|
7,458 |
|
|
|
- |
|
|
|
7,508 |
|
|
|
106 |
|
|
|
3,784 |
|
|
|
- |
|
|
|
3,890 |
|
Non-cash stock compensation
|
|
|
2,967 |
|
|
|
9,748 |
|
|
|
2,768 |
|
|
|
15,483 |
|
|
|
1,811 |
|
|
|
5,937 |
|
|
|
3,902 |
|
|
|
11,650 |
|
Restructuring charges and other adjustments
|
|
|
59 |
|
|
|
174 |
|
|
|
3,807 |
|
|
|
4,040 |
|
|
|
386 |
|
|
|
(737 |
) |
|
|
8,312 |
|
|
|
7,961 |
|
Separation and transformation costs
|
|
|
- |
|
|
|
- |
|
|
|
9,512 |
|
|
|
9,512 |
|
|
|
- |
|
|
|
- |
|
|
|
18,829 |
|
|
|
18,829 |
|
Accelerated amortization
|
|
|
- |
|
|
|
- |
|
|
|
1,520 |
|
|
|
1,520 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) before excluded items
|
|
|
82,949 |
|
|
|
(837 |
) |
|
|
(48,974 |
) |
|
|
33,138 |
|
|
|
100,826 |
|
|
|
(25,554 |
) |
|
|
(52,471 |
) |
|
|
22,801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
CONDENSED CONSOLIDATED BALANCE SHEETS
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
|
|
|
March 31,
|
|
|
$ |
|
|
|
% |
|
|
|
2015
|
|
|
2015
|
|
|
Variance
|
|
|
Variance
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
180,945 |
|
|
|
141,010 |
|
|
|
39,935 |
|
|
|
28.3 |
% |
Trade accounts receivable, net
|
|
|
135,894 |
|
|
|
126,896 |
|
|
|
8,998 |
|
|
|
7.1 |
% |
Deferred income taxes
|
|
|
15,511 |
|
|
|
25,610 |
|
|
|
(10,099 |
) |
|
|
(39.4 |
%) |
Refundable income taxes
|
|
|
5,097 |
|
|
|
5,239 |
|
|
|
(142 |
) |
|
|
(2.7 |
%) |
Restricted cash held in escrow
|
|
|
130 |
|
|
|
31,000 |
|
|
|
(30,870 |
) |
|
|
(99.6 |
%) |
Other current assets
|
|
|
37,807 |
|
|
|
34,975 |
|
|
|
2,832 |
|
|
|
8.1 |
% |
Assets of discontinued operations
|
|
|
2,000 |
|
|
|
172,284 |
|
|
|
(170,284 |
) |
|
|
(98.8 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
377,384 |
|
|
|
537,014 |
|
|
|
(159,630 |
) |
|
|
(29.7 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment
|
|
|
509,573 |
|
|
|
505,721 |
|
|
|
3,852 |
|
|
|
0.8 |
% |
Less - accumulated depreciation and amortization
|
|
|
333,405 |
|
|
|
329,467 |
|
|
|
3,938 |
|
|
|
1.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment, net
|
|
|
176,168 |
|
|
|
176,254 |
|
|
|
(86 |
) |
|
|
(0.0 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Software, net of accumulated amortization
|
|
|
59,975 |
|
|
|
68,962 |
|
|
|
(8,987 |
) |
|
|
(13.0 |
%) |
Goodwill
|
|
|
495,843 |
|
|
|
497,362 |
|
|
|
(1,519 |
) |
|
|
(0.3 |
%) |
Purchased software licenses, net of accumulated amortization
|
|
|
13,037 |
|
|
|
9,551 |
|
|
|
3,486 |
|
|
|
36.5 |
% |
Other assets, net
|
|
|
30,214 |
|
|
|
33,281 |
|
|
|
(3,067 |
) |
|
|
(9.2 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,152,621 |
|
|
|
1,322,424 |
|
|
|
(169,803 |
) |
|
|
(12.8 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current installments of long-term debt
|
|
|
32,205 |
|
|
|
32,232 |
|
|
|
(27 |
) |
|
|
(0.1 |
%) |
Trade accounts payable
|
|
|
40,798 |
|
|
|
30,094 |
|
|
|
10,704 |
|
|
|
35.6 |
% |
Accrued payroll and related expenses
|
|
|
32,684 |
|
|
|
36,659 |
|
|
|
(3,975 |
) |
|
|
(10.8 |
%) |
Other accrued expenses
|
|
|
46,019 |
|
|
|
62,754 |
|
|
|
(16,735 |
) |
|
|
(26.7 |
%) |
Acquisition escrow payable
|
|
|
130 |
|
|
|
31,000 |
|
|
|
(30,870 |
) |
|
|
(99.6 |
%) |
Deferred revenue
|
|
|
36,051 |
|
|
|
33,620 |
|
|
|
2,431 |
|
|
|
7.2 |
% |
Liabilities of discontinued operations
|
|
|
2,436 |
|
|
|
57,433 |
|
|
|
(54,997 |
) |
|
|
(95.8 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
190,323 |
|
|
|
283,792 |
|
|
|
(93,469 |
) |
|
|
(32.9 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt
|
|
|
176,744 |
|
|
|
247,855 |
|
|
|
(71,111 |
) |
|
|
(28.7 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred income taxes
|
|
|
70,875 |
|
|
|
80,675 |
|
|
|
(9,800 |
) |
|
|
(12.1 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities
|
|
|
10,703 |
|
|
|
6,845 |
|
|
|
3,858 |
|
|
|
56.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock
|
|
|
12,957 |
|
|
|
12,794 |
|
|
|
163 |
|
|
|
1.3 |
% |
Additional paid-in capital
|
|
|
1,059,087 |
|
|
|
1,034,526 |
|
|
|
24,561 |
|
|
|
2.4 |
% |
Retained earnings
|
|
|
601,482 |
|
|
|
591,798 |
|
|
|
9,684 |
|
|
|
1.6 |
% |
Accumulated other comprehensive income
|
|
|
7,669 |
|
|
|
9,413 |
|
|
|
(1,744 |
) |
|
|
(18.5 |
%) |
Treasury stock, at cost
|
|
|
(977,219 |
) |
|
|
(945,274 |
) |
|
|
(31,945 |
) |
|
|
(3.4 |
%) |
Total stockholders' equity
|
|
|
703,976 |
|
|
|
703,257 |
|
|
|
719 |
|
|
|
0.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,152,621 |
|
|
|
1,322,424 |
|
|
|
(169,803 |
) |
|
|
(12.8 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
|
|
|
|
|
|
|
|
|
|
|
September 30,
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
2014
|
|
|
|
|
|
|
|
|
Cash flows from operating activities:
|
|
|
|
|
|
|
Net earnings (loss)
|
|
|
10,723 |
|
|
|
(1,544 |
) |
Earnings from discontinued operations, net of tax
|
|
|
(12,068 |
) |
|
|
(5,557 |
) |
Non-cash operating activities:
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
20,635 |
|
|
|
18,257 |
|
Loss (gain) on disposal or impairment of assets
|
|
|
(57 |
) |
|
|
47 |
|
Impairment of goodwill and other
|
|
|
706 |
|
|
|
- |
|
Deferred income taxes
|
|
|
1,806 |
|
|
|
(4,179 |
) |
Non-cash stock compensation expense
|
|
|
7,360 |
|
|
|
7,725 |
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
Accounts receivable
|
|
|
(1,244 |
) |
|
|
(848 |
) |
Other assets
|
|
|
(2,007 |
) |
|
|
1,778 |
|
Deferred costs
|
|
|
(398 |
) |
|
|
- |
|
Accounts payable and other liabilities
|
|
|
(6,806 |
) |
|
|
967 |
|
Deferred revenue
|
|
|
2,707 |
|
|
|
(2,321 |
) |
Net cash provided by (used in) operating activities
|
|
|
21,357 |
|
|
|
14,325 |
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
Capitalized software
|
|
|
(3,936 |
) |
|
|
(5,608 |
) |
Capital expenditures
|
|
|
(10,244 |
) |
|
|
(15,362 |
) |
Data acquisition costs
|
|
|
(281 |
) |
|
|
(468 |
) |
Net cash paid in acquisitions
|
|
|
- |
|
|
|
(265,672 |
) |
Net cash used in investing activities
|
|
|
(14,461 |
) |
|
|
(287,110 |
) |
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
Payments of debt
|
|
|
(63,039 |
) |
|
|
(4,839 |
) |
Sale of common stock, net of stock acquired for withholding taxes
|
|
|
2,033 |
|
|
|
(1,813 |
) |
Income tax impact of stock options, warrants and restricted stock
|
|
|
(475 |
) |
|
|
- |
|
Acquisition of treasury stock
|
|
|
(12,310 |
) |
|
|
(9,868 |
) |
Net cash used in financing activities
|
|
|
(73,791 |
) |
|
|
(16,520 |
) |
Cash flows from discontinued operations:
|
|
|
|
|
|
|
|
|
From operating activities
|
|
|
(1,938 |
) |
|
|
11,547 |
|
From investing activities
|
|
|
127,315 |
|
|
|
(4,034 |
) |
From financing activities
|
|
|
(53 |
) |
|
|
(517 |
) |
Net cash provided by discontinued operations
|
|
|
125,324 |
|
|
|
6,996 |
|
Effect of exchange rate changes on cash
|
|
|
(676 |
) |
|
|
(801 |
) |
|
|
|
|
|
|
|
|
|
Net change in cash and cash equivalents
|
|
|
57,753 |
|
|
|
(283,110 |
) |
Cash and cash equivalents at beginning of period
|
|
|
123,192 |
|
|
|
392,918 |
|
Cash and cash equivalents at end of period
|
|
|
180,945 |
|
|
|
109,808 |
|
|
|
|
|
|
|
|
|
|
Supplemental cash flow information:
|
|
|
|
|
|
|
|
|
Cash paid during the period for:
|
|
|
|
|
|
|
|
|
Interest
|
|
|
2,152 |
|
|
|
2,516 |
|
Income taxes
|
|
|
6,310 |
|
|
|
59 |
|
Payments on capital leases and installment payment arrangements
|
|
|
53 |
|
|
|
1,084 |
|
Other debt payments, excluding line of credit
|
|
|
8,039 |
|
|
|
4,272 |
|
Prepayment of debt
|
|
|
55,000 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended
|
|
|
|
|
|
|
|
|
|
|
September 30,
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
2014
|
|
|
|
|
|
|
|
|
Cash flows from operating activities:
|
|
|
|
|
|
|
Net earnings (loss)
|
|
|
9,684 |
|
|
|
(9,148 |
) |
Earnings from discontinued operations, net of tax
|
|
|
(16,211 |
) |
|
|
(8,694 |
) |
Non-cash operating activities:
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
42,410 |
|
|
|
34,177 |
|
Loss (gain) on disposal or impairment of assets
|
|
|
184 |
|
|
|
(207 |
) |
Impairment of goodwill and other
|
|
|
706 |
|
|
|
- |
|
Deferred income taxes
|
|
|
284 |
|
|
|
(6,022 |
) |
Non-cash stock compensation expense
|
|
|
15,483 |
|
|
|
11,650 |
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
Accounts receivable
|
|
|
(9,281 |
) |
|
|
10,551 |
|
Other assets
|
|
|
(1,198 |
) |
|
|
5,368 |
|
Deferred costs
|
|
|
(823 |
) |
|
|
(211 |
) |
Accounts payable and other liabilities
|
|
|
(10,336 |
) |
|
|
(28,090 |
) |
Deferred revenue
|
|
|
2,452 |
|
|
|
(10,505 |
) |
Net cash provided by (used in) operating activities
|
|
|
33,354 |
|
|
|
(1,131 |
) |
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
Capitalized software
|
|
|
(6,733 |
) |
|
|
(10,577 |
) |
Capital expenditures
|
|
|
(23,120 |
) |
|
|
(32,140 |
) |
Data acquisition costs
|
|
|
(711 |
) |
|
|
(1,103 |
) |
Net cash paid in acquisitions
|
|
|
- |
|
|
|
(265,672 |
) |
Net cash used in investing activities
|
|
|
(30,564 |
) |
|
|
(309,492 |
) |
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
Payments of debt
|
|
|
(71,138 |
) |
|
|
(9,756 |
) |
Sale of common stock, net of stock acquired for withholding taxes
|
|
|
4,102 |
|
|
|
(2,487 |
) |
Income tax impact of stock options, warrants and restricted stock
|
|
|
(552 |
) |
|
|
(9,868 |
) |
Acquisition of treasury stock
|
|
|
(27,261 |
) |
|
|
- |
|
Net cash used in financing activities
|
|
|
(94,849 |
) |
|
|
(22,111 |
) |
Cash flows from discontinued operations:
|
|
|
|
|
|
|
|
|
From operating activities
|
|
|
9,715 |
|
|
|
28,857 |
|
From investing activities
|
|
|
122,831 |
|
|
|
(3,330 |
) |
From financing activities
|
|
|
(206 |
) |
|
|
(1,102 |
) |
Net cash provided by discontinued operations
|
|
|
132,340 |
|
|
|
24,425 |
|
Effect of exchange rate changes on cash
|
|
|
(346 |
) |
|
|
(469 |
) |
|
|
|
|
|
|
|
|
|
Net change in cash and cash equivalents
|
|
|
39,935 |
|
|
|
(308,778 |
) |
Cash and cash equivalents at beginning of period
|
|
|
141,010 |
|
|
|
418,586 |
|
Cash and cash equivalents at end of period
|
|
|
180,945 |
|
|
|
109,808 |
|
|
|
|
|
|
|
|
|
|
Supplemental cash flow information:
|
|
|
|
|
|
|
|
|
Cash paid during the period for:
|
|
|
|
|
|
|
|
|
Interest
|
|
|
4,337 |
|
|
|
5,391 |
|
Income taxes
|
|
|
5,266 |
|
|
|
356 |
|
Payments on capital leases and installment payment arrangements
|
|
|
269 |
|
|
|
2,319 |
|
Other debt payments, excluding line of credit
|
|
|
16,075 |
|
|
|
8,539 |
|
Prepayment of debt
|
|
|
55,000 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
CALCULATION OF FREE CASH FLOW AVAILABLE TO EQUITY
|
|
AND RECONCILIATION TO OPERATING CASH FLOW
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
06/30/14
|
|
|
09/30/14
|
|
|
12/31/14
|
|
|
03/31/15
|
|
|
YTD FY2015
|
|
|
06/30/15
|
|
|
09/30/15
|
|
|
YTD FY2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities - continuing operations
|
|
|
(15,456 |
) |
|
|
14,325 |
|
|
|
32,890 |
|
|
|
29,372 |
|
|
|
61,131 |
|
|
|
11,997 |
|
|
|
21,357 |
|
|
|
33,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capitalized software
|
|
|
(4,969 |
) |
|
|
(5,608 |
) |
|
|
(4,408 |
) |
|
|
(3,602 |
) |
|
|
(18,587 |
) |
|
|
(2,797 |
) |
|
|
(3,936 |
) |
|
|
(6,733 |
) |
Capital expenditures
|
|
|
(16,778 |
) |
|
|
(15,362 |
) |
|
|
(10,212 |
) |
|
|
(14,600 |
) |
|
|
(56,952 |
) |
|
|
(12,876 |
) |
|
|
(10,244 |
) |
|
|
(23,120 |
) |
Data acquisition costs
|
|
|
(635 |
) |
|
|
(468 |
) |
|
|
(394 |
) |
|
|
(374 |
) |
|
|
(1,871 |
) |
|
|
(430 |
) |
|
|
(281 |
) |
|
|
(711 |
) |
Payments on capital leases and installment payment arrangements
|
|
|
(650 |
) |
|
|
(567 |
) |
|
|
(471 |
) |
|
|
(315 |
) |
|
|
(2,003 |
) |
|
|
(63 |
) |
|
|
- |
|
|
|
(63 |
) |
Other required debt payments
|
|
|
(4,267 |
) |
|
|
(4,272 |
) |
|
|
(8,027 |
) |
|
|
(8,032 |
) |
|
|
(24,598 |
) |
|
|
(8,036 |
) |
|
|
(8,039 |
) |
|
|
(16,075 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
(42,755 |
) |
|
|
(11,952 |
) |
|
|
9,378 |
|
|
|
2,449 |
|
|
|
(42,880 |
) |
|
|
(12,205 |
) |
|
|
(1,143 |
) |
|
|
(13,348 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
CONSOLIDATED STATEMENTS OF OPERATIONS-GAAP
|
|
(Unaudited)
|
|
(Dollars in thousands, except earnings per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 FY16 to Q2 FY15
|
|
|
|
06/30/14
|
|
|
09/30/14
|
|
|
12/31/14
|
|
|
03/31/15
|
|
|
YTD FY2015
|
|
|
06/30/15
|
|
|
09/30/15
|
|
|
YTD FY2016
|
|
|
%
|
|
|
|
$ |
|
Revenues
|
|
|
186,683 |
|
|
|
204,248 |
|
|
|
208,246 |
|
|
|
205,734 |
|
|
|
804,911 |
|
|
|
196,895 |
|
|
|
207,345 |
|
|
|
404,240 |
|
|
|
1.5 |
% |
|
|
3,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue
|
|
|
113,090 |
|
|
|
122,845 |
|
|
|
123,290 |
|
|
|
123,712 |
|
|
|
482,937 |
|
|
|
117,709 |
|
|
|
121,312 |
|
|
|
239,021 |
|
|
|
-1.2 |
% |
|
|
(1,533 |
) |
Gross profit
|
|
|
73,593 |
|
|
|
81,403 |
|
|
|
84,956 |
|
|
|
82,022 |
|
|
|
321,974 |
|
|
|
79,186 |
|
|
|
86,033 |
|
|
|
165,219 |
|
|
|
5.7 |
% |
|
|
4,630 |
|
% Gross margin
|
|
|
39.4 |
% |
|
|
39.9 |
% |
|
|
40.8 |
% |
|
|
39.9 |
% |
|
|
40.0 |
% |
|
|
40.2 |
% |
|
|
41.5 |
% |
|
|
40.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
16,350 |
|
|
|
19,798 |
|
|
|
18,973 |
|
|
|
19,080 |
|
|
|
74,201 |
|
|
|
20,011 |
|
|
|
19,078 |
|
|
|
39,089 |
|
|
|
-3.6 |
% |
|
|
(720 |
) |
Sales and marketing
|
|
|
26,500 |
|
|
|
28,842 |
|
|
|
30,997 |
|
|
|
32,319 |
|
|
|
118,658 |
|
|
|
29,494 |
|
|
|
34,259 |
|
|
|
63,753 |
|
|
|
18.8 |
% |
|
|
5,417 |
|
General and administrative
|
|
|
36,701 |
|
|
|
38,373 |
|
|
|
33,895 |
|
|
|
30,230 |
|
|
|
139,199 |
|
|
|
31,743 |
|
|
|
31,519 |
|
|
|
63,262 |
|
|
|
-17.9 |
% |
|
|
(6,854 |
) |
Gains, losses and other items, net
|
|
|
7,128 |
|
|
|
833 |
|
|
|
3,381 |
|
|
|
11,258 |
|
|
|
22,600 |
|
|
|
807 |
|
|
|
3,233 |
|
|
|
4,040 |
|
|
|
288.1 |
% |
|
|
2,400 |
|
Total operating expenses
|
|
|
86,679 |
|
|
|
87,846 |
|
|
|
87,246 |
|
|
|
92,887 |
|
|
|
354,658 |
|
|
|
82,055 |
|
|
|
88,089 |
|
|
|
170,144 |
|
|
|
0.3 |
% |
|
|
243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations
|
|
|
(13,086 |
) |
|
|
(6,443 |
) |
|
|
(2,290 |
) |
|
|
(10,865 |
) |
|
|
(32,684 |
) |
|
|
(2,869 |
) |
|
|
(2,056 |
) |
|
|
(4,925 |
) |
|
|
68.1 |
% |
|
|
4,387 |
|
% Margin
|
|
|
-7.0 |
% |
|
|
-3.2 |
% |
|
|
-1.1 |
% |
|
|
-5.3 |
% |
|
|
-4.1 |
% |
|
|
-1.5 |
% |
|
|
-1.0 |
% |
|
|
-1.2 |
% |
|
|
|
|
|
|
|
|
Other income (expense)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
(1,948 |
) |
|
|
(1,821 |
) |
|
|
(2,005 |
) |
|
|
(1,898 |
) |
|
|
(7,672 |
) |
|
|
(1,885 |
) |
|
|
(1,956 |
) |
|
|
(3,841 |
) |
|
|
-7.4 |
% |
|
|
(135 |
) |
Other, net
|
|
|
(106 |
) |
|
|
(163 |
) |
|
|
35 |
|
|
|
(757 |
) |
|
|
(991 |
) |
|
|
304 |
|
|
|
59 |
|
|
|
363 |
|
|
|
136.2 |
% |
|
|
222 |
|
Total other expense
|
|
|
(2,054 |
) |
|
|
(1,984 |
) |
|
|
(1,970 |
) |
|
|
(2,655 |
) |
|
|
(8,663 |
) |
|
|
(1,581 |
) |
|
|
(1,897 |
) |
|
|
(3,478 |
) |
|
|
4.4 |
% |
|
|
87 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before income taxes
|
|
|
(15,140 |
) |
|
|
(8,427 |
) |
|
|
(4,260 |
) |
|
|
(13,520 |
) |
|
|
(41,347 |
) |
|
|
(4,450 |
) |
|
|
(3,953 |
) |
|
|
(8,403 |
) |
|
|
53.1 |
% |
|
|
4,474 |
|
Income taxes
|
|
|
(4,399 |
) |
|
|
(1,326 |
) |
|
|
(4,597 |
) |
|
|
(4,483 |
) |
|
|
(14,805 |
) |
|
|
732 |
|
|
|
(2,608 |
) |
|
|
(1,876 |
) |
|
|
-96.7 |
% |
|
|
(1,282 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss) from continuing operations
|
|
|
(10,741 |
) |
|
|
(7,101 |
) |
|
|
337 |
|
|
|
(9,037 |
) |
|
|
(26,542 |
) |
|
|
(5,182 |
) |
|
|
(1,345 |
) |
|
|
(6,527 |
) |
|
|
81.1 |
% |
|
|
5,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from discontinued operations, net of tax
|
|
|
3,137 |
|
|
|
5,557 |
|
|
|
3,819 |
|
|
|
2,998 |
|
|
|
15,511 |
|
|
|
4,143 |
|
|
|
12,068 |
|
|
|
16,211 |
|
|
|
117.2 |
% |
|
|
6,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss)
|
|
|
(7,604 |
) |
|
|
(1,544 |
) |
|
|
4,156 |
|
|
|
(6,039 |
) |
|
|
(11,031 |
) |
|
|
(1,039 |
) |
|
|
10,723 |
|
|
|
9,684 |
|
|
|
794.5 |
% |
|
|
12,267 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per share
|
|
|
(0.10 |
) |
|
|
(0.02 |
) |
|
|
0.05 |
|
|
|
(0.08 |
) |
|
|
(0.14 |
) |
|
|
(0.01 |
) |
|
|
0.14 |
|
|
|
0.12 |
|
|
|
775.3 |
% |
|
|
0.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
CONSOLIDATED STATEMENTS OF OPERATIONS-NON GAAP
|
|
(Unaudited)
|
|
(Dollars in thousands, except earnings per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 FY16 to Q2 FY15
|
|
|
|
06/30/14
|
|
|
09/30/14
|
|
|
12/31/14
|
|
|
03/31/15
|
|
|
YTD FY2015
|
|
|
06/30/15
|
|
|
09/30/15
|
|
|
YTD FY2016
|
|
|
%
|
|
|
|
$ |
|
Revenues
|
|
|
186,683 |
|
|
|
204,248 |
|
|
|
208,246 |
|
|
|
205,734 |
|
|
|
804,911 |
|
|
|
196,895 |
|
|
|
207,345 |
|
|
|
404,240 |
|
|
|
1.5 |
% |
|
|
3,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue
|
|
|
112,723 |
|
|
|
118,702 |
|
|
|
119,136 |
|
|
|
115,243 |
|
|
|
465,804 |
|
|
|
112,084 |
|
|
|
117,131 |
|
|
|
229,215 |
|
|
|
-1.3 |
% |
|
|
(1,571 |
) |
Gross profit
|
|
|
73,960 |
|
|
|
85,546 |
|
|
|
89,110 |
|
|
|
90,491 |
|
|
|
339,107 |
|
|
|
84,811 |
|
|
|
90,214 |
|
|
|
175,025 |
|
|
|
5.5 |
% |
|
|
4,668 |
|
% Gross margin
|
|
|
39.6 |
% |
|
|
41.9 |
% |
|
|
42.8 |
% |
|
|
44.0 |
% |
|
|
42.1 |
% |
|
|
43.1 |
% |
|
|
43.5 |
% |
|
|
43.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
15,911 |
|
|
|
16,529 |
|
|
|
15,559 |
|
|
|
15,956 |
|
|
|
63,955 |
|
|
|
16,384 |
|
|
|
15,400 |
|
|
|
31,784 |
|
|
|
-6.8 |
% |
|
|
(1,129 |
) |
Sales and marketing
|
|
|
25,854 |
|
|
|
27,040 |
|
|
|
28,941 |
|
|
|
30,150 |
|
|
|
111,985 |
|
|
|
28,170 |
|
|
|
32,945 |
|
|
|
61,115 |
|
|
|
21.8 |
% |
|
|
5,905 |
|
General and administrative
|
|
|
23,627 |
|
|
|
27,744 |
|
|
|
23,869 |
|
|
|
22,656 |
|
|
|
97,896 |
|
|
|
25,586 |
|
|
|
23,402 |
|
|
|
48,988 |
|
|
|
-15.7 |
% |
|
|
(4,342 |
) |
Gains, losses and other items, net
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total operating expenses
|
|
|
65,392 |
|
|
|
71,313 |
|
|
|
68,369 |
|
|
|
68,762 |
|
|
|
273,836 |
|
|
|
70,140 |
|
|
|
71,747 |
|
|
|
141,887 |
|
|
|
0.6 |
% |
|
|
434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from operations
|
|
|
8,568 |
|
|
|
14,233 |
|
|
|
20,741 |
|
|
|
21,729 |
|
|
|
65,271 |
|
|
|
14,671 |
|
|
|
18,467 |
|
|
|
33,138 |
|
|
|
29.7 |
% |
|
|
4,234 |
|
% Margin
|
|
|
4.6 |
% |
|
|
7.0 |
% |
|
|
10.0 |
% |
|
|
10.6 |
% |
|
|
8.1 |
% |
|
|
7.5 |
% |
|
|
8.9 |
% |
|
|
8.2 |
% |
|
|
|
|
|
|
|
|
Other income (expense)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
(1,948 |
) |
|
|
(1,821 |
) |
|
|
(2,005 |
) |
|
|
(1,898 |
) |
|
|
(7,672 |
) |
|
|
(1,885 |
) |
|
|
(1,956 |
) |
|
|
(3,841 |
) |
|
|
-7.4 |
% |
|
|
(135 |
) |
Other, net
|
|
|
(106 |
) |
|
|
(163 |
) |
|
|
35 |
|
|
|
(757 |
) |
|
|
(991 |
) |
|
|
304 |
|
|
|
59 |
|
|
|
363 |
|
|
|
136.2 |
% |
|
|
222 |
|
Total other expense
|
|
|
(2,054 |
) |
|
|
(1,984 |
) |
|
|
(1,970 |
) |
|
|
(2,655 |
) |
|
|
(8,663 |
) |
|
|
(1,581 |
) |
|
|
(1,897 |
) |
|
|
(3,478 |
) |
|
|
4.4 |
% |
|
|
87 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from continuing operations before income taxes
|
|
|
6,514 |
|
|
|
12,249 |
|
|
|
18,771 |
|
|
|
19,074 |
|
|
|
56,608 |
|
|
|
13,090 |
|
|
|
16,570 |
|
|
|
29,660 |
|
|
|
35.3 |
% |
|
|
4,321 |
|
Income taxes
|
|
|
2,517 |
|
|
|
4,757 |
|
|
|
5,755 |
|
|
|
5,324 |
|
|
|
18,353 |
|
|
|
5,632 |
|
|
|
5,163 |
|
|
|
10,795 |
|
|
|
8.5 |
% |
|
|
406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings from continuing operations
|
|
|
3,997 |
|
|
|
7,492 |
|
|
|
13,016 |
|
|
|
13,750 |
|
|
|
38,255 |
|
|
|
7,458 |
|
|
|
11,407 |
|
|
|
18,865 |
|
|
|
52.3 |
% |
|
|
3,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from discontinued operations, net of tax
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings
|
|
|
3,997 |
|
|
|
7,492 |
|
|
|
13,016 |
|
|
|
13,750 |
|
|
|
38,255 |
|
|
|
7,458 |
|
|
|
11,407 |
|
|
|
18,865 |
|
|
|
52.3 |
% |
|
|
3,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share
|
|
|
0.05 |
|
|
|
0.10 |
|
|
|
0.17 |
|
|
|
0.17 |
|
|
|
0.49 |
|
|
|
0.09 |
|
|
|
0.14 |
|
|
|
0.24 |
|
|
|
50.3 |
% |
|
|
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RECONCILIATION OF GAAP TO NON-GAAP EPS
|
|
(Unaudited)
|
|
(Dollars in thousands, except earnings per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
06/30/14
|
|
|
09/30/14
|
|
|
12/31/14
|
|
|
03/31/15
|
|
|
FY2015
|
|
|
06/30/15
|
|
|
09/30/15
|
|
|
YTD FY2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before income taxes
|
|
|
(15,140 |
) |
|
|
(8,427 |
) |
|
|
(4,260 |
) |
|
|
(13,520 |
) |
|
|
(41,347 |
) |
|
|
(4,450 |
) |
|
|
(3,953 |
) |
|
|
(8,403 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
|
(4,399 |
) |
|
|
(1,326 |
) |
|
|
(4,597 |
) |
|
|
(4,483 |
) |
|
|
(14,805 |
) |
|
|
732 |
|
|
|
(2,608 |
) |
|
|
(1,876 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss) from continuing operations
|
|
|
(10,741 |
) |
|
|
(7,101 |
) |
|
|
337 |
|
|
|
(9,037 |
) |
|
|
(26,542 |
) |
|
|
(5,182 |
) |
|
|
(1,345 |
) |
|
|
(6,527 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings loss from discontinued operations, net of tax
|
|
|
3,137 |
|
|
|
5,557 |
|
|
|
3,819 |
|
|
|
2,998 |
|
|
|
15,511 |
|
|
|
4,143 |
|
|
|
12,068 |
|
|
|
16,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss)
|
|
|
(7,604 |
) |
|
|
(1,544 |
) |
|
|
4,156 |
|
|
|
(6,039 |
) |
|
|
(11,031 |
) |
|
|
(1,039 |
) |
|
|
10,723 |
|
|
|
9,684 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
(0.10 |
) |
|
|
(0.02 |
) |
|
|
0.05 |
|
|
|
(0.08 |
) |
|
|
(0.14 |
) |
|
|
(0.01 |
) |
|
|
0.14 |
|
|
|
0.12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
(0.10 |
) |
|
|
(0.02 |
) |
|
|
0.05 |
|
|
|
(0.08 |
) |
|
|
(0.14 |
) |
|
|
(0.01 |
) |
|
|
0.14 |
|
|
|
0.12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unusual items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased intangible asset amortization (cost of revenue)
|
|
|
63 |
|
|
|
3,827 |
|
|
|
3,783 |
|
|
|
3,781 |
|
|
|
11,454 |
|
|
|
3,754 |
|
|
|
3,754 |
|
|
|
7,508 |
|
Non-cash stock compensation (cost of revenue and operating expenses)
|
|
|
3,925 |
|
|
|
7,725 |
|
|
|
8,450 |
|
|
|
8,216 |
|
|
|
28,316 |
|
|
|
8,123 |
|
|
|
7,360 |
|
|
|
15,483 |
|
Restructuring charges and other adjustments (gains, losses, and other)
|
|
|
7,128 |
|
|
|
833 |
|
|
|
3,381 |
|
|
|
11,258 |
|
|
|
22,600 |
|
|
|
807 |
|
|
|
3,233 |
|
|
|
4,040 |
|
Separation and transformation costs (general and administrative)
|
|
|
10,538 |
|
|
|
8,291 |
|
|
|
7,417 |
|
|
|
5,023 |
|
|
|
31,269 |
|
|
|
3,414 |
|
|
|
6,098 |
|
|
|
9,512 |
|
Accelerated amortization (cost of revenue)
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
4,316 |
|
|
|
4,316 |
|
|
|
1,442 |
|
|
|
78 |
|
|
|
1,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total unusual items, continuing operations
|
|
|
21,654 |
|
|
|
20,676 |
|
|
|
23,031 |
|
|
|
32,594 |
|
|
|
97,955 |
|
|
|
17,540 |
|
|
|
20,523 |
|
|
|
38,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from continuing operations before income taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and excluding unusual items
|
|
|
6,514 |
|
|
|
12,249 |
|
|
|
18,771 |
|
|
|
19,074 |
|
|
|
56,608 |
|
|
|
13,090 |
|
|
|
16,570 |
|
|
|
29,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
|
2,517 |
|
|
|
4,757 |
|
|
|
5,755 |
|
|
|
5,324 |
|
|
|
18,353 |
|
|
|
5,632 |
|
|
|
5,163 |
|
|
|
10,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net earnings
|
|
|
3,997 |
|
|
|
7,492 |
|
|
|
13,016 |
|
|
|
13,750 |
|
|
|
38,255 |
|
|
|
7,458 |
|
|
|
11,407 |
|
|
|
18,865 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
0.05 |
|
|
|
0.10 |
|
|
|
0.17 |
|
|
|
0.18 |
|
|
|
0.50 |
|
|
|
0.10 |
|
|
|
0.15 |
|
|
|
0.24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
0.05 |
|
|
|
0.10 |
|
|
|
0.17 |
|
|
|
0.17 |
|
|
|
0.49 |
|
|
|
0.09 |
|
|
|
0.14 |
|
|
|
0.24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average shares
|
|
|
76,833 |
|
|
|
77,123 |
|
|
|
77,039 |
|
|
|
77,427 |
|
|
|
77,106 |
|
|
|
77,918 |
|
|
|
77,918 |
|
|
|
77,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted weighted average shares
|
|
|
78,341 |
|
|
|
78,307 |
|
|
|
78,302 |
|
|
|
79,027 |
|
|
|
78,494 |
|
|
|
79,352 |
|
|
|
79,352 |
|
|
|
79,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RESULTS BY SEGMENT-GAAP
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 FY16 to Q2 FY15
|
|
|
|
06/30/14
|
|
|
09/30/14
|
|
|
12/31/14
|
|
|
03/31/15
|
|
|
YTD FY2015
|
|
|
06/30/15
|
|
|
09/30/15
|
|
|
YTD FY2016
|
|
|
%
|
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
182,349 |
|
|
|
190,776 |
|
|
|
190,336 |
|
|
|
186,478 |
|
|
|
749,939 |
|
|
|
176,276 |
|
|
|
185,101 |
|
|
|
361,377 |
|
|
|
-3.0 |
% |
|
|
(5,675 |
) |
Connectivity
|
|
|
4,334 |
|
|
|
13,472 |
|
|
|
17,910 |
|
|
|
19,256 |
|
|
|
54,972 |
|
|
|
20,619 |
|
|
|
22,244 |
|
|
|
42,863 |
|
|
|
65.1 |
% |
|
|
8,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
|
186,683 |
|
|
|
204,248 |
|
|
|
208,246 |
|
|
|
205,734 |
|
|
|
804,911 |
|
|
|
196,895 |
|
|
|
207,345 |
|
|
|
404,240 |
|
|
|
1.5 |
% |
|
|
3,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
77,224 |
|
|
|
82,652 |
|
|
|
82,991 |
|
|
|
81,937 |
|
|
|
324,804 |
|
|
|
72,019 |
|
|
|
76,030 |
|
|
|
148,049 |
|
|
|
-8.0 |
% |
|
|
(6,622 |
) |
Connectivity
|
|
|
(3,631 |
) |
|
|
(1,249 |
) |
|
|
1,964 |
|
|
|
4,400 |
|
|
|
1,484 |
|
|
|
8,609 |
|
|
|
10,081 |
|
|
|
18,690 |
|
|
|
907.1 |
% |
|
|
11,330 |
|
Corporate
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(4,315 |
) |
|
|
(4,315 |
) |
|
|
(1,442 |
) |
|
|
(78 |
) |
|
|
(1,520 |
) |
|
|
n/a |
|
|
|
(78 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total gross profit from continuing operations
|
|
|
73,593 |
|
|
|
81,403 |
|
|
|
84,955 |
|
|
|
82,022 |
|
|
|
321,973 |
|
|
|
79,186 |
|
|
|
86,033 |
|
|
|
165,219 |
|
|
|
5.7 |
% |
|
|
4,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
42.3 |
% |
|
|
43.3 |
% |
|
|
43.6 |
% |
|
|
43.9 |
% |
|
|
43.3 |
% |
|
|
40.9 |
% |
|
|
41.1 |
% |
|
|
41.0 |
% |
|
|
|
|
|
|
|
|
Connectivity
|
|
|
-83.8 |
% |
|
|
-9.3 |
% |
|
|
11.0 |
% |
|
|
22.9 |
% |
|
|
2.7 |
% |
|
|
41.8 |
% |
|
|
45.3 |
% |
|
|
43.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
39.4 |
% |
|
|
39.9 |
% |
|
|
40.8 |
% |
|
|
39.9 |
% |
|
|
40.0 |
% |
|
|
40.2 |
% |
|
|
41.5 |
% |
|
|
40.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
46,221 |
|
|
|
52,302 |
|
|
|
51,268 |
|
|
|
48,065 |
|
|
|
197,856 |
|
|
|
38,287 |
|
|
|
41,586 |
|
|
|
79,873 |
|
|
|
-20.5 |
% |
|
|
(10,716 |
) |
Connectivity
|
|
|
(14,261 |
) |
|
|
(20,277 |
) |
|
|
(16,876 |
) |
|
|
(17,444 |
) |
|
|
(68,858 |
) |
|
|
(8,025 |
) |
|
|
(10,192 |
) |
|
|
(18,217 |
) |
|
|
49.7 |
% |
|
|
10,085 |
|
Corporate
|
|
|
(45,046 |
) |
|
|
(38,468 |
) |
|
|
(36,682 |
) |
|
|
(41,486 |
) |
|
|
(161,682 |
) |
|
|
(33,131 |
) |
|
|
(33,450 |
) |
|
|
(66,581 |
) |
|
|
13.0 |
% |
|
|
5,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loss from continuing operations
|
|
|
(13,086 |
) |
|
|
(6,443 |
) |
|
|
(2,290 |
) |
|
|
(10,865 |
) |
|
|
(32,684 |
) |
|
|
(2,869 |
) |
|
|
(2,056 |
) |
|
|
(4,925 |
) |
|
|
68.1 |
% |
|
|
4,387 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Margin:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
25.3 |
% |
|
|
27.4 |
% |
|
|
26.9 |
% |
|
|
25.8 |
% |
|
|
26.4 |
% |
|
|
21.7 |
% |
|
|
22.5 |
% |
|
|
22.1 |
% |
|
|
|
|
|
|
|
|
Connectivity
|
|
|
-329.0 |
% |
|
|
-150.5 |
% |
|
|
-94.2 |
% |
|
|
-90.6 |
% |
|
|
-125.3 |
% |
|
|
-38.9 |
% |
|
|
-45.8 |
% |
|
|
-42.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
-7.0 |
% |
|
|
-3.2 |
% |
|
|
-1.1 |
% |
|
|
-5.3 |
% |
|
|
-4.1 |
% |
|
|
-1.5 |
% |
|
|
-1.0 |
% |
|
|
-1.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
|
RESULTS BY SEGMENT - NON GAAP
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2 FY16 to Q2 FY15
|
|
|
|
06/30/14
|
|
|
09/30/14
|
|
|
12/31/14
|
|
|
03/31/15
|
|
|
YTD FY2015
|
|
|
06/30/15
|
|
|
09/30/15
|
|
|
YTD FY2016
|
|
|
%
|
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
182,349 |
|
|
|
190,776 |
|
|
|
190,336 |
|
|
|
186,478 |
|
|
|
749,939 |
|
|
|
176,276 |
|
|
|
185,101 |
|
|
|
361,377 |
|
|
|
-3.0 |
% |
|
|
(5,675 |
) |
Connectivity
|
|
|
4,334 |
|
|
|
13,472 |
|
|
|
17,910 |
|
|
|
19,256 |
|
|
|
54,972 |
|
|
|
20,619 |
|
|
|
22,244 |
|
|
|
42,863 |
|
|
|
65.1 |
% |
|
|
8,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
|
186,683 |
|
|
|
204,248 |
|
|
|
208,246 |
|
|
|
205,734 |
|
|
|
804,911 |
|
|
|
196,895 |
|
|
|
207,345 |
|
|
|
404,240 |
|
|
|
1.5 |
% |
|
|
3,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
77,559 |
|
|
|
83,043 |
|
|
|
83,411 |
|
|
|
82,355 |
|
|
|
326,368 |
|
|
|
72,473 |
|
|
|
76,404 |
|
|
|
148,877 |
|
|
|
-8.0 |
% |
|
|
(6,639 |
) |
Connectivity
|
|
|
(3,599 |
) |
|
|
2,503 |
|
|
|
5,699 |
|
|
|
8,136 |
|
|
|
12,739 |
|
|
|
12,338 |
|
|
|
13,810 |
|
|
|
26,148 |
|
|
|
451.7 |
% |
|
|
11,307 |
|
Corporate
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
n/a |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income from continuing operations
|
|
|
73,960 |
|
|
|
85,546 |
|
|
|
89,110 |
|
|
|
90,491 |
|
|
|
339,107 |
|
|
|
84,811 |
|
|
|
90,214 |
|
|
|
175,025 |
|
|
|
5.5 |
% |
|
|
4,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
42.5 |
% |
|
|
43.5 |
% |
|
|
43.8 |
% |
|
|
44.2 |
% |
|
|
43.5 |
% |
|
|
41.1 |
% |
|
|
41.3 |
% |
|
|
41.2 |
% |
|
|
|
|
|
|
|
|
Connectivity
|
|
|
-83.0 |
% |
|
|
18.6 |
% |
|
|
31.8 |
% |
|
|
42.3 |
% |
|
|
23.2 |
% |
|
|
59.8 |
% |
|
|
62.1 |
% |
|
|
61.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
39.6 |
% |
|
|
41.9 |
% |
|
|
42.8 |
% |
|
|
44.0 |
% |
|
|
42.1 |
% |
|
|
43.1 |
% |
|
|
43.5 |
% |
|
|
43.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
47,270 |
|
|
|
53,556 |
|
|
|
52,445 |
|
|
|
50,803 |
|
|
|
204,074 |
|
|
|
40,253 |
|
|
|
42,696 |
|
|
|
82,949 |
|
|
|
-20.3 |
% |
|
|
(10,860 |
) |
Connectivity
|
|
|
(13,852 |
) |
|
|
(11,702 |
) |
|
|
(7,391 |
) |
|
|
(5,809 |
) |
|
|
(38,754 |
) |
|
|
(173 |
) |
|
|
(664 |
) |
|
|
(837 |
) |
|
|
94.3 |
% |
|
|
11,038 |
|
Corporate
|
|
|
(24,850 |
) |
|
|
(27,621 |
) |
|
|
(24,313 |
) |
|
|
(23,265 |
) |
|
|
(100,049 |
) |
|
|
(25,409 |
) |
|
|
(23,565 |
) |
|
|
(48,974 |
) |
|
|
14.7 |
% |
|
|
4,056 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income from continuing operations
|
|
|
8,568 |
|
|
|
14,233 |
|
|
|
20,741 |
|
|
|
21,729 |
|
|
|
65,271 |
|
|
|
14,671 |
|
|
|
18,467 |
|
|
|
33,138 |
|
|
|
29.7 |
% |
|
|
4,234 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Margin:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing services and audience solutions
|
|
|
25.9 |
% |
|
|
28.1 |
% |
|
|
27.6 |
% |
|
|
27.2 |
% |
|
|
27.2 |
% |
|
|
22.8 |
% |
|
|
23.1 |
% |
|
|
23.0 |
% |
|
|
|
|
|
|
|
|
Connectivity
|
|
|
-319.6 |
% |
|
|
-86.9 |
% |
|
|
-41.3 |
% |
|
|
-30.2 |
% |
|
|
-70.5 |
% |
|
|
-0.8 |
% |
|
|
-3.0 |
% |
|
|
-2.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
4.6 |
% |
|
|
7.0 |
% |
|
|
10.0 |
% |
|
|
10.6 |
% |
|
|
8.1 |
% |
|
|
7.5 |
% |
|
|
8.9 |
% |
|
|
8.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
Acxiom (NASDAQ:ACXM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Acxiom (NASDAQ:ACXM)
Historical Stock Chart
From Apr 2023 to Apr 2024