[November 04, 2015] |
|
Acxiom Announces Second Quarter Results
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.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20151104006536/en/
Financial Highlights
-
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.
-
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.
-
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.
-
Operating Cash Flow: Operating cash flow from continuing
operations was $21 million, up from $14 million a year ago.
-
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.
Segment Results
Marketing Services and Audience Solutions
-
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.
-
Non-GAAP gross margin decreased from 44% to 41%.
-
Non-GAAP operating income was $43 million compared to $54 million in
the prior year.
-
The declines were primarily driven by International results. In
addition, operating income was impacted by continued investment in the
US.
Connectivity
-
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.
-
Non-GAAP gross margin improved from 19% to 62%.
-
Non-GAAP operating loss improved by approximately $11 million to a
loss of roughly $1 million, driven by growth in subscriptions and
royalties.
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
-
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.
-
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.
-
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.
-
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.
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:
-
Revenue from continuing operations in the range of $815 million to
$840 million
-
Non-GAAP diluted earnings per share from continuing operations in the
range of $0.45 to $0.50
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.
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(Unaudited)
|
(Dollars in thousands, except earnings (loss) per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
|
|
|
|
September 30,
|
|
|
|
|
|
|
|
|
|
$
|
|
|
%
|
|
|
|
2015
|
|
|
2014
|
|
|
Variance
|
|
|
Variance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
207,345
|
|
|
|
204,248
|
|
|
|
3,097
|
|
|
|
1.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue
|
|
|
121,312
|
|
|
|
122,845
|
|
|
|
(1,533
|
)
|
|
|
(1.2
|
%)
|
Gross profit
|
|
|
86,033
|
|
|
|
81,403
|
|
|
|
4,630
|
|
|
|
5.7
|
%
|
% Gross margin
|
|
|
41.5
|
%
|
|
|
39.9
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
19,078
|
|
|
|
19,798
|
|
|
|
(720
|
)
|
|
|
(3.6
|
%)
|
Sales and marketing
|
|
|
34,259
|
|
|
|
28,842
|
|
|
|
5,417
|
|
|
|
18.8
|
%
|
General and administrative
|
|
|
31,519
|
|
|
|
38,373
|
|
|
|
(6,854
|
)
|
|
|
(17.9
|
%)
|
Gains, losses and other items, net
|
|
|
3,233
|
|
|
|
833
|
|
|
|
2,400
|
|
|
|
288.1
|
%
|
Total operating expenses
|
|
|
88,089
|
|
|
|
87,846
|
|
|
|
243
|
|
|
|
0.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations
|
|
|
(2,056
|
)
|
|
|
(6,443
|
)
|
|
|
4,387
|
|
|
|
68.1
|
%
|
% Margin
|
|
|
-1.0
|
%
|
|
|
-3.2
|
%
|
|
|
|
|
|
|
Other income (expense):
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
(1,956
|
)
|
|
|
(1,821
|
)
|
|
|
(135
|
)
|
|
|
(7.4
|
%)
|
Other, net
|
|
|
59
|
|
|
|
(163
|
)
|
|
|
222
|
|
|
|
136.2
|
%
|
Total other expense
|
|
|
(1,897
|
)
|
|
|
(1,984
|
)
|
|
|
87
|
|
|
|
4.4
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before income taxes
|
|
|
(3,953
|
)
|
|
|
(8,427
|
)
|
|
|
4,474
|
|
|
|
53.1
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
|
(2,608
|
)
|
|
|
(1,326
|
)
|
|
|
(1,282
|
)
|
|
|
(96.7
|
%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations
|
|
|
(1,345
|
)
|
|
|
(7,101
|
)
|
|
|
5,756
|
|
|
|
81.1
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from discontinued operations, net of tax
|
|
|
12,068
|
|
|
|
5,557
|
|
|
|
6,511
|
|
|
|
117.2
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss)
|
|
|
10,723
|
|
|
|
(1,544
|
)
|
|
|
12,267
|
|
|
|
794.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations
|
|
|
(0.02
|
)
|
|
|
(0.09
|
)
|
|
|
0.07
|
|
|
|
81.3
|
%
|
Net earnings from discontinued operations
|
|
|
0.15
|
|
|
|
0.07
|
|
|
|
0.08
|
|
|
|
114.8
|
%
|
Net earnings (loss)
|
|
|
0.14
|
|
|
|
(0.02
|
)
|
|
|
0.16
|
|
|
|
787.0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations
|
|
|
(0.02
|
)
|
|
|
(0.09
|
)
|
|
|
0.07
|
|
|
|
81.3
|
%
|
Net earnings from discontinued operations
|
|
|
0.15
|
|
|
|
0.07
|
|
|
|
0.08
|
|
|
|
114.8
|
%
|
Net earnings (loss)
|
|
|
0.14
|
|
|
|
(0.02
|
)
|
|
|
0.16
|
|
|
|
787.0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Some earnings (loss) per share amounts may not add due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACXIOM CORPORATION AND SUBSIDIARIES
|
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(Unaudited)
|
(Dollars in thousands, except earnings (loss) per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended
|
|
|
|
September 30,
|
|
|
|
|
|
|
|
|
|
$
|
|
|
%
|
|
|
|
2015
|
|
|
2014
|
|
|
Variance
|
|
|
Variance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
404,240
|
|
|
|
390,931
|
|
|
|
13,309
|
|
|
|
3.4
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue
|
|
|
239,021
|
|
|
|
235,935
|
|
|
|
3,086
|
|
|
|
1.3
|
%
|
Gross profit
|
|
|
165,219
|
|
|
|
154,996
|
|
|
|
10,223
|
|
|
|
6.6
|
%
|
% Gross margin
|
|
|
40.9
|
%
|
|
|
39.6
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
39,089
|
|
|
|
36,148
|
|
|
|
2,941
|
|
|
|
8.1
|
%
|
Sales and marketing
|
|
|
63,753
|
|
|
|
55,342
|
|
|
|
8,411
|
|
|
|
15.2
|
%
|
General and administrative
|
|
|
63,262
|
|
|
|
75,074
|
|
|
|
(11,812
|
)
|
|
|
(15.7
|
%)
|
Gains, losses and other items, net
|
|
|
4,040
|
|
|
|
7,961
|
|
|
|
(3,921
|
)
|
|
|
(49.3
|
%)
|
Total operating expenses
|
|
|
170,144
|
|
|
|
174,525
|
|
|
|
(4,381
|
)
|
|
|
(2.5
|
%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations
|
|
|
(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
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20151104006536/en/
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