Earnings Up, Revenue Down for Acxiom in Q3
Data provider Acxiom Corp., Little Rock, AR, announced last week that earnings rose despite a decline in revenue for the third quarter compared with the same period last year.Net earnings were $19.94 million for the quarter ended Dec. 31, up from $19.54 million in the previous Q3. Revenue was $255.2 million compared with $257.96 million for the year-ago period.
Other highlights of Acxiom's third-quarter performance:
· New contracts that will deliver $49 million in annual revenue and renewals that total $14 million in annual revenue.
· Committed new deals expected to generate $44 million in annual revenue.
· The acquisition of Claritas Europe.
· Completion of a long-term alliance with Accenture that is expected to drive new revenue and improve the efficiency of Acxiom's services delivery model.
