ACXIOM REPORTS RECORD QUARTERLY RESULTS.CONWAY Conway, city, United States Conway, city (1990 pop. 26,481), seat of Faulkner co., central Ark., in a farm and cotton area; inc. 1873. It is a trade and industrial center. Conway was settled (c.1865) near the site of a French trading post (c.1770). , Ark.--(BUSINESS WIRE)--Jan. 15, 1996--Acxiom Corporation (Nasdaq: ACXM) reported record revenue and earnings today for the third quarter of fiscal year 1996. Consolidated revenues for the quarter ended December December: see month. 31, 1995 were $71,315,000, a 35% increase over the $52,742,000 reported for the same quarter a year ago. Net earnings were $5,812,000, ($.22 per share), up 41% from the earnings in the previous year's third quarter of $4,121,000, ($.18 per share). Prior year per-share figures are restated for the two-for-one stock split which was effective January January: see month. 10, 1995. For the nine-month period ended December 31, 1995, consolidated revenues were $192,873,000, up 31% from the same period in the previous year. Net earnings for the nine months were $13,020,000, ($.50 per share), an increase of 54% compared to $8,430,000 ($.37 per share) in the prior year. "We are continuing to pursue new business partners in specific industry segments," said Charles Charles, archduke of Austria Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by D. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. , Jr., President and Chairman of the Board. "And we continue to evaluate strategic alliance and acquisition opportunities which support our business strategies." During the quarter, the Company completed the definitive agreement with The Polk Company ("Polk"), for the first phase of the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. business alliance. This phase calls for the transfer of Polk's data center operations to Acxiom Acxiom is a customer and data information management company, offering a range of products and services including information technology outsourcing. It has been described as "one of the biggest companies you've never heard of. . This data center outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. agreement became effective on November November: see month. 1, 1995. The two companies have also agreed to explore joint ventures in marketing, product development, data acquisition and international sales. Also during the quarter, the Company added several additional credit card issuers as customers, including two of the top ten credit card issuers 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. . These contracts are expected to be finalized See finalization. during the current quarter. Acxiom now assists twelve of the top twenty United States credit card issuers with their new cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold acquisition efforts. Acxiom has experienced mixed results in this
sector with some customers reducing volumes, while others have
maintained or increased their planned volumes.
In other industry sectors, Acxiom closed letters of intent and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. contracts with several customers during the quarter, including: CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I Corporation, who owns and manages Sears Portrait Studio; Dell Products L.P.; and General Electric Consumer Services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, . Acxiom provides decision support systems that deliver the knowledge corporations need to drive their business, by enriching internal data with external information, then making it accessible enterprise-wide via data warehouses built on specific industry expertise. 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
December 31, 1995
-----------------------------
1995 1994
-----------------------------
Revenue 71,315,000 52,742,000
Operating costs and expenses:
Salaries and benefits 25,844,000 17,862,000
Computer, communications and
other equipment 11,998,000 7,110,000
Data costs 14,930,000 14,583,000
Other operating costs and expenses 9,011,000 5,750,000
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Total operating costs and expenses 61,783,000 45,305,000
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Income from operations 9,532,000 7,437,000
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Other income (expense):
Interest expense (239,000) (619,000)
Other, net (75,000) (63,000)
------------ ------------
(314,000) (682,000)
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Earnings before income taxes 9,218,000 6,755,000
Income taxes 3,406,000 2,634,000
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Net earnings 5,812,000 4,121,000
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Earnings per share 0.22 0.18
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Weighted average shares outstanding 26,057,000 23,192,000
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For the Nine Months Ended
December 31, 1995
-----------------------------
1995 1994
-----------------------------
Revenue 192,873,000 147,476,000
Operating costs and expenses:
Salaries and benefits 71,281,000 48,693,000
Computer, communications and
other equipment 27,963,000 21,047,000
Data costs 46,422,000 44,502,000
Other operating costs and expenses 24,816,000 16,731,000
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Total operating costs and expenses 170,482,000 130,973,000
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Income from operations 22,391,000 16,503,000
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Other income (expense):
Interest expense (1,177,000) (1,876,000)
Other, net (226,000) (808,000)
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(1,403,000) (2,684,000)
------------ ------------
Earnings before income taxes 20,988,000 13,819,000
Income taxes 7,968,000 5,389,000
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Net earnings 13,020,000 8,430,000
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Earnings per share 0.50 0.37
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Weighted average shares outstanding 25,996,000 22,564,000
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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 bloom 1. the general appearance of the surface. In carcass meat it is the glistening, transparent effect and the gentle pink color that gives a good bloom to the carcass. It is the result of proper tissue hydration coupled with the correct proportions of fat, connective tissue and , 501/336-1321 |
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