Acxiom Reports Record Revenue

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Acxiom Corp., Conway, AR, enjoyed record revenue and earnings growth for the fourth quarter and fiscal year ended March 31. The data and list product and services provider saw its consolidated revenues for the fourth quarter increase 27 percent over 1997 to $134.1 million and net earnings increase 32 percent to $10.7 million. For the fiscal year, consolidated revenues were up 16 percent to $465.1 million, and net earnings grew 29 percent to $35.6 million. Consolidated revenues adjusted for the sale of the Pro CD retail business and previously recorded pass-through revenue increased 22 percent. Revenues in Acxiom's services, alliances, international and data products divisions all increased between 18 percent and 29 percent for both the quarter and the year. Company leader Charles Morgan said he expects growth to continue in database marketing, data warehousing and data content delivery.
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