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FY14 Q2 Text And Financials

Acxiom® (Nasdaq: ACXM), an enterprise data, analytics and software-as-a-service company, today announced financial results for its second quarter ended September 30, 2013.

Revenue was $276 million, down slightly compared to $277 million for the prior-year period. Income from operations decreased to $20 million in the current quarter, compared to $30 million in the prior year. Excluding unusual items, operating income for the quarter decreased 7 percent to $28 million as compared to $30 million in the prior year. Marketing and Data Services revenue increased 1 percent to $201 million in the quarter, compared to $199 million; IT Infrastructure Management revenue decreased 5 percent to $67 million in the current quarter compared to $70 million. Earnings per diluted share attributable to Acxiom stockholders were $0.13 in the current quarter compared to $0.21 in the prior-year quarter. Excluding unusual items, diluted earnings per share of $0.20 decreased slightly as compared to $0.21.

Operating cash flow was $170 million for the trailing twelve months, down 4 percent compared to $176 million for the comparable period a year ago. Free cash flow to equity was $69 million for the trailing twelve-month period, compared to $159 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.

A schedule is attached to this release outlining the impact of the unusual items on the current and prior-year results.

“We are at an inflection point and starting the next chapter in our journey,” said Acxiom CEO Scott Howe. “We are a new company. Over the past two years we have worked to build a better business and to drive innovation. While it’s early, we are pleased with our launch of the Acxiom Audience Operating System and the resulting customer reaction and support.”

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