Acxiom Profit Leaps

Earnings rise 55%.
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Acxiom

(ACXM)

said earnings rose 55.2% from a year ago for the fourth quarter.

The company earned $23.1 million, or 26 cents a share, in the quarter, compared with $14.9 million, or 16 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 25 cents a share in the most recent quarter.

Fourth-quarter revenue rose 6.8% from a year ago to $344.3 million as against analysts' expectation of $347.7 million. U.S. revenue rose 10% to $295.8 million.

For fiscal 2007, the company expects U.S. revenue to rise between 7% and 10%. International revenue is expected to remain flat to an increase of 5%.

The company also said that Frank Cotroneo had joined the company as its chief financial officer, effective May 15. Cotroneo previously served as CFO for H&R Block and MasterCard International.

He will replace acting finance chief, Rodger Kline.

Kline will continue to serve as a member of the board and as chief administrative leader.

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