ACXIOM REPORTS RECORD ANNUAL RESULTS.CONWAY, Ark.--(BUSINESS WIRE)--May 6, 1996--Acxiom Corporation (Nasdaq: ACXM) reported record revenue and earnings today for the fourth quarter and fiscal year ended March 31, 1996. Consolidated revenues for the year ended March 31, 1996 were $269,902,000, up 33% over the $202,448,000 reported for 1995. Net earnings were $18,223,000, ($.70 per share), up 47% from the earnings in the previous year of $12,405,000, ($.54 per share). For the fourth quarter ended March 31, 1996, consolidated revenues were $77,029,000, up 40% from the same quarter a year ago. Net earnings for the quarter were $5,203,000 ($.20 per share), an increase of 31% compared to earnings in the previous year's fourth quarter of $3,975,000, ($.17 per share). "For the quarter each of our industry groups posted double digit Noun 1. double digit - a two-digit integer; from 10 to 99 integer, whole number - any of the natural numbers (positive or negative) or zero; "an integer is a number that is not a fraction" revenue gains over the previous year, with the exception of our publishing unit which was flat compared to the prior year's quarter," said Charles D. Morgan, Jr., Acxiom's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Despite some softening in the credit card processing area, the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. segment grew 25% with help of DataQuick results. Recent new business wins should continue to provide opportunities in this segment." During the quarter, the Company also announced the acquisitions of Direct Media/DMI, Inc. ("DMI (Desktop Management Interface) The first desktop management standard from the DMTF. Enabling PCs to be monitored from a central console, it was superseded by the DMTF's Common Information Model (see CIM). ") and Pro CD, Inc. Both acquisitions were effective as of April 1, 1996. Acxiom expects these acquisitions to deliver $65-$70 million in additional revenue and incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. profits for the current fiscal year. Acxiom also added several new business relationships during the quarter including IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Conde Nast, and Phillips Publishing in the U.S., and a new contract with IBM Europe in the U.K. "We are very excited about these new business wins and each of these acquisitions," said Morgan. "Both acquisitions are extremely synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. with Acxiom's data delivery strategy and offer opportunities for improved efficiencies through cost savings associated with merging these companies into Acxiom." Other milestones for Acxiom in the 1996 fiscal year include the acquisition of Generator Datamarketing Limited in the U.K. in July and DataQuick Information Systems, headquartered near San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. in August. Significant other new business relationships were added during the year including relationships with The Polk Company, General Electric, ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , Wal-Mart, Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , Signet Bank, and Dillard's. In the U.K., significant new contracts were closed with the Australian Tourist Commission and the Britannia Building Society Overview One of the major UK mutual building societies remaining today is the Britannia Building Society, with headquarters in Staffordshire, England. Britannia is the second largest building society in the United Kingdom based on total assets of £35 billion at 31 . Acxiom provides a wide spectrum of data products, data integration services, mailing list An automated e-mail system on the Internet, which is maintained by subject matter. There are thousands of such lists that reach millions of individuals and businesses. New users generally subscribe by sending an e-mail with the word "subscribe" in it and subsequently receive all new processing services, as well as data warehousing See data warehouse. data warehousing - data warehouse and decision support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to major firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and United Kingdom. Founded in 1969, Acxiom is headquartered in Conway, Arkansas Conway is the largest city and county seat of Faulkner CountyGR6, Arkansas. A 2005 special census indicated the population had risen to 52,430 [2]. It is part of the Little Rock-North Little Rock-AR Metropolitan Statistical Area. , with operations throughout the United States and the United Kingdom. -0-
ACXIOM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
For the Three Months Ended
March 31,
-----------------------------
1996 1995
-----------------------------
Revenue 77,029,000 54,972,000
Operating costs and expenses:
Salaries and benefits 26,794,000 18,594,000
Computer, communications and
other equipment 13,009,000 7,283,000
Data costs 17,020,000 15,461,000
Other operating costs and expenses 10,939,000 7,072,000
------------ ------------
Total operating costs and expenses 67,762,000 48,410,000
------------ ------------
Income from operations 9,267,000 6,562,000
------------ ------------
Other income (expense):
Interest expense (686,000) (512,000)
Other, net (173,000) 206,000
------------ ------------
(859,000) (306,000)
------------ ------------
Earnings before income taxes 8,408,000 6,256,000
Income taxes 3,205,000 2,281,000
------------ ------------
Net earnings 5,203,000 3,975,000
============ ============
Earnings per share 0.20 0.17
============ ============
Weighted average shares outstanding 26,167,000 24,080,000
============ ============
For the Twelve Months Ended
March 31,
-----------------------------
1996 1995
-----------------------------
Revenue 269,902,000 202,448,000
Operating costs and expenses:
Salaries and benefits 98,075,000 67,287,000
Computer, communications and
other equipment 40,972,000 28,330,000
Data costs 63,442,000 59,963,000
Other operating costs and expenses 35,755,000 23,803,000
------------ ------------
Total operating costs and expenses 238,244,000 179,383,000
------------ ------------
Income from operations 31,658,000 23,065,000
------------ ------------
Other income (expense):
Interest expense (1,863,000) (2,388,000)
Other, net (339,000) (602,000)
------------ ------------
(2,262,000) (2,990,000)
------------ ------------
Earnings before income taxes 29,396,000 20,075,000
Income taxes 11,173,000 7,670,000
------------ ------------
Net earnings 18,223,000 12,405,000
============ ============
Earnings per share 0.70 0.54
============ ============
Weighted average shares outstanding 26,039,000 22,943,000
============ ============
CONTACT: Acxiom Corporation, Conway Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Bloom, 501/336-1321 |
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