(Nasdaq: ACXM), an enterprise data, analytics and software-as-a-service company, today announced financial results for its first quarter ended June 30, 2013.
Revenue was $266 million, down 2 percent compared to $272 million for the prior-year period. Income from operations decreased 5 percent to $24 million in the current quarter, compared to $25 million in the prior year. Marketing and Data Services revenue decreased 2 percent to $188 million in the quarter, compared to $192 million; IT Infrastructure Management revenue decreased 1 percent to $69 million in the current quarter compared to $70 million. Earnings per diluted share attributable to Acxiom stockholders were flat as compared to $0.17 in the prior year.
Operating cash flow was $169 million for the trailing twelve months, compared to $195 million for the comparable period a year ago. Free cash flow to equity was $70 million for the trailing twelve-month period, compared to $175 million for the comparable period. Free cash flow to equity for the prior-year trailing twelve-month period included $73 million in proceeds from the sale of the company’s background screening business. Free cash flow to equity is a non-GAAP financial measure. A reconciliation to the comparable GAAP measure, operating cash flow, is attached.
The company intends to launch the Acxiom Audience Operating System™ on September 24
in New York City during AdWeek. The Acxiom Audience Operating System is an innovative new technology that powers more effective marketing decisions through better data, valuable insights and powerful applications.
“The Audience Operating System is set to launch at AdWeek,” said Acxiom CEO Scott Howe. “We are pleased with our development progress and with the support we are receiving from our customers, prospects and agencies. We believe our technology is ground-breaking and will redefine marketing. For the first time marketers, agencies and publishers will have one to one marketing capabilities at scale across all channels and devices.”