Acxiom Corp. Reports 55 Percent Profit Increase for Fourth Quarter
Acxiom Corp. late yesterday reported a profit increase of 55 percent in the fourth quarter on stronger domestic sales.
For the three months ended March 31, Acxiom posted earnings of $23.1 million, compared with $14.9 million in the same year-ago period. Sales rose 7 percent to $344.3 million from $322.5 million in the prior-year period. The companies U.S. revenue rose 10 percent to $295.8 million.
For the fiscal year, earnings declined to $64.1 million, from $69.7 million in 2005.
Sales totaled $1.33 billion versus $1.22 billion last year, according to the Little Rock, AR-based company. "We have accomplished what we said we would after a challenging first quarter of the fiscal year," Company Leader Charles D. Morgan said in a statement.
Looking ahead, Acxiom said it expects fiscal 2007 revenue to rise between 7 percent and 10 percent in the United States. International revenue will remain flat to a rise of 5 percent.
Morgan today also announced that, effective May 15, 2006, Frank Cotroneo joined Acxiom as chief financial officer. Cotroneo previously has served as CFO for H&R Block and MasterCard International.
Rodger Kline, who served as the acting chief financial officer in his role as Chief Finance and Administrative Leader during the past 16 months, will continue to serve as a member of the Board of Directors and as Chief Administrative Leader.