Revenues, Earnings Up for Acxiom
Revenues for the quarter were $187.9 million, up from $147 million over the same period in 1997. Operating income was $34.9 million before a special charge of $9.375 million related to the integration of recently acquired May & Speh. Net earnings were $13.76 million or $0.17 per share compared to an EPS of $0.15 a year ago.
For the first nine months of the fiscal year, revenues increased 28 percent to $521 million and operating income was up 34 percent to $80.35 million. However, special charges led to a net loss of $36 million or $0.49 per share compared to earnings of $0.41 a year ago.
Company leader Charles Morgan said quarterly growth was driven by Acxiom's Services, Alliances and May & Speh divisions, which saw revenue increases of 35, 27 and 63 percent, respectively.