Acxiom Announces Fourth Quarter and Fiscal Year 2009 Results.Quarterly income from operations increases 23 percent before unusual charges; Announces upcoming Investor Day LITTLE ROCK, Ark. -- 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. ([R]) Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACXM) today announced financial results for the fourth quarter and fiscal year ended March 31, 2009. Fourth Quarter 2009 Highlights: * Earnings per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share of $0.29 in the fourth quarter of fiscal 2009, compared to loss per diluted share of $0.76 in the fourth quarter of fiscal 2008. Excluding the impact of unusual items, earnings per diluted share would be $0.25 in the current period, a 31.6 percent increase over $0.19 in the prior-year period. * Income from operations of $41.6 million in the current year fourth quarter, compared to loss from operations of $76.0 million in the fourth quarter last year. Excluding the impact of unusual items, income from operations in the current quarter would be $39.9 million, a 22.7 percent increase over $32.5 million in the prior-year fourth quarter. * Revenue of $295.5 million in the current quarter, a 15.5 percent decrease, or $54.3 million, from $349.8 million in the fourth quarter a year ago. Approximately $26.4 million or 48.6 percent of the decrease resulted from unfavorable currency rate movements and the effect of a change in revenue recognition on a pass-through pass-through n. 1. An opening between two rooms, especially a shelved space between a kitchen and dining room that is used for passing food. 2. A route through which something is permitted to pass. 3. Information Products contract. A schedule comparing revenue for the current quarter to the prior-year quarter is attached. * Free cash flow available to equity of $38.4 million, an increase of 160.4 percent compared to $14.7 million in the fourth quarter a year ago. Free cash flow available to equity is a non-GAAP financial measure; a reconciliation to the comparable GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). measure, operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. , is attached to this news release. * Operating cash flow of $74.7 million, down 4.9 percent, compared to $78.5 million in the fourth quarter a year ago. * Share repurchases Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. of 140,000 shares of Acxiom common stock for $1.1 million. A schedule is attached to this release outlining the impact of the unusual items on the current and prior-year fourth quarter and current and prior full-year results. John Meyer John Meyer may refer to:
n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that we can build on the operational success of the past year." Fiscal Year 2009 Highlights: * Earnings per diluted share of $0.48 for the current year compared to a loss per share of $0.10 in fiscal 2008. Excluding the impact of unusual items, earnings per diluted share would be $0.76 in the current year, a 26.7 percent increase over earnings per diluted share of $0.60 in fiscal 2008. * Income from operations of $131.4 million in fiscal year 2009, before unusual loss items, a 9.0 percent increase over $120.6 million in fiscal 2008, before unusual loss items. Income from operations for the current year included unusual loss items of $38.6 million. The prior year included $80.4 million of unusual loss items. * Revenue of $1.277 billion, a 7.8 percent decrease, or $107.5 million, from $1.384 billion in the prior year. A schedule comparing revenue for the current 12-month period to the prior-year fiscal period is attached. * Free cash flow available to equity of $147.1 million, an increase of 89.9 percent over $77.5 million a year ago. Free cash flow available to equity is a non-GAAP financial measure; reconciliation to the comparable GAAP measure, operating cash flow, is attached to this news release. * Operating cash flow of $268.8 million compared to $267.8 million in the prior year. * Share repurchases of 282,500 shares of Acxiom common stock for $2.1 million. Operational Highlights: * Information Services See Information Systems. : Revenue for the quarter was $218.9 million, compared to $239.7 million in the fourth quarter of the previous year. For the 12 months ended March 31, 2009, revenue was $920.3 million, compared to $969.8 million in the previous year. Income from operations for the quarter was $43.7 million, compared to $1.0 million in the fourth quarter of fiscal 2008. The fourth quarter of fiscal 2008 included unusual loss items of $34.0 million. For the 12 months just ended, income from operations was $166.4 million, compared to $113.7 million in the previous 12-month period. Fiscal year 2008 included unusual loss items of $44.0 million. * Information Products: Revenue for the quarter was $76.6 million, compared with $110.1 million in the fourth quarter of the previous year. For the 12 months ended March 31, 2009, revenue was $356.3 million, compared to $414.3 million in the previous year. Income from operations for the quarter was $11.5 million, compared to $19.9 million in the fourth quarter of the previous year. For the 12 months just ended, income from operations was $34.2 million, compared to $45.7 million in the previous 12-month period. * Corporate and Other Expenses: Corporate and other expenses for the quarter totaled $13.6 million, compared to $96.8 million for the period ended March 31, 2008. The current quarter includes unusual gain items of $1.7 million. The prior period included unusual loss items of $74.5 million. For the 12 months ended March 31, 2009, corporate and other expenses totaled $107.7 million, compared to $119.2 million in the previous year. The current year includes unusual loss items of $38.6 million. The prior year includes unusual loss items of $36.4 million. Fourth Quarter 2009 Teleconference Acxiom will hold a conference call at 3:30 p.m. CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT today to further discuss this information. Interested parties are invited to listen to the call, which will be broadcast via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at www.acxiom.com. Investor Day The Company will host an investor day on June June: see month. 4 where Company management will discuss operations and prospects. The event will be held at the NASDAQ MarketSite NASDAQ MarketSite (or simply MarketSite) is the physical presence of the NASDAQ stock market. Located in Times Square in New York City, it occupies the bottom of the Condé Nast Building, located at 4 Times Square. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and will be web cast. Further information will be made available on our website at www.acxiom.com. Web Link to Financials http://www.acxiom.com/FY09_Q4_Financials is a link to the detailed financial information we typically attach to our earnings releases. About Acxiom Corporation A global leader in interactive marketing services, Acxiom connects clients with their customers through deep consumer insight, powering effective and profitable marketing initiatives and business decisions. Our consultative approach spans multiple industries and incorporates decades of experience in consumer data and analytics, information technology, data integration and consulting solutions for effective marketing across digital, Internet, email, mobile and direct mail channels. Founded in 1969, Acxiom is headquartered in Little Rock, Ark., and serves clients around the world from locations 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. , Europe and Asia-Pacific. For more information about Acxiom, visit www.acxiom.com. Forward Looking Statements This release and today's conference call may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that 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 certain contracts may not be closed, or may not be closed within the anticipated time frames; the possibility that clients may attempt to reduce the amount of business they do with the company; the possibility that in the event that a change of control of the company was sought that certain of the clients of the company would invoke To activate a program, routine, function or process. certain provisions in their contracts resulting in a decline in the revenue and profit of the company; the possibility that certain contracts may not generate the anticipated revenue or profitability; the possibility that negative changes in economic or other conditions might lead to a reduction in demand for our products and services; the possibility of an economic slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. or that economic conditions in general will not be as expected; the possibility that the historical seasonality of our business may change; the possibility that significant customers may experience extreme, severe economic difficulty; the possibility that the integration of acquired businesses may not be as successful as planned; the possibility that the fair value of certain of our assets may not be equal to the carrying value Carrying Value Also know as "book value," it is a company's total assets minus intangible assets and liabilities, such as debt. Notes: This is different than market value, as it can be higher or lower depending on the circumstances. of those assets now or in future time periods; the possibility that sales cycles may lengthen length·en tr. & intr.v. length·ened, length·en·ing, length·ens To make or become longer. length  en·er n. ; the possibility
that we may not be able to attract and retain qualified technical and
leadership associates, or that we may lose key associates to other
organizations; the possibility that we won't be able to properly
motivate our sales force or other associates; the possibility that we
won't be able to achieve cost reductions and avoid unanticipated
costs; the possibility that we won't be able to continue to receive
credit upon satisfactory terms and conditions; the possibility that
competent, competitive products, technologies or services will be
introduced into the marketplace by other companies; the possibility that
we may be subjected to pricing pressure due to market conditions and/or
competitive 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 changes in
accounting pronouncements may occur and may impact these projections;
the possibility that we won't be able to protect proprietary
information and technology or to obtain necessary licenses on
commercially reasonable terms; the possibility that we may encounter
difficulties when entering new markets or industries; the possibility
that there will be changes in the legislative, accounting, regulatory
and consumer environments affecting our business, including but not
limited to litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.When a person begins a civil lawsuit, the person enters into a process called litigation. , legislation, regulations and customs relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our ability to collect, manage, aggregate and use data; the possibility that data suppliers might withdraw data from us, leading to our inability to provide certain products and services; the possibility that we may enter into short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. contracts which would affect the predictability of our revenues; the possibility that the amount of ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. , volume-based and project work will not be as expected; the possibility that we may experience a loss of data center capacity or interruption INTERRUPTION. The effect of some act or circumstance which stops the course of a prescription or act of limitation's. 2. Interruption of the use of a thing is natural or civil. of telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. links or power sources; the possibility that we may experience failures or breaches of our network and data security systems, leading to potential adverse publicity, negative customer reaction, or liability to third parties; the possibility that the annual increases in postal rates will lead to reduced volumes of business; the possibility that our clients may cancel or modify their agreements 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 we experience processing errors which result in credits to customers, re-performance of services or payment of damages to customers; the possibility that the services of the United States Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval , their global counterparts and other delivery systems may be disrupted dis·rupt tr.v. dis·rupt·ed, dis·rupt·ing, dis·rupts 1. To throw into confusion or disorder: Protesters disrupted the candidate's speech. 2. ; and the possibility that we may be affected by other competitive factors. With respect to the provision of products or services outside our primary base of operations Noun 1. base of operations - installation from which a military force initiates operations; "the attack wiped out our forward bases" base air base, air station - a base for military aircraft army base - a large base of operations for an army 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. Other factors are detailed from time to time in our periodic reports and registration statements filed with the United States Securities and Exchange Commission. We believe that we have the product and technology offerings, facilities, associates and competitive and financial resources for continued business success, but future revenues, costs, margins and profits are all influenced by a number of factors, including those discussed above, all of which are inherently difficult to forecast. 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. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5963425&lang=en |
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