Earnings at software firm Acxiom (ACXM) rose 204% for the second quarter ended Sept. 30 from the year-ago period, aided by revenue and margin increases.
The Little Rock, Ark.-based company earned $21.7 million, or 25 cents a share, for the latest quarter compared with $7.15 million, or 8 cents a share, a year ago. Analysts polled by Thomson First Call were expecting 23 cents a share for the quarter.
Second-quarter revenue rose 5.4% from a year ago to $348.3 million; analysts expected $354.29 million.
Gross margin rose to 27.5% from 26.2% a year ago, assisted by reduced computer expense as a percentage of revenue, and operating income increased 122.5% to $41.9 million from $18.8 million.
"We are pleased that Acxiom delivered another solid performance in the second quarter and remains on track to meet the fiscal 2007 targets we communicated at our Sept. 27 analysts' meeting in New York," the company said. "We continue to execute the fundamentals of our business and are delivering the results that we expected. I believe we are well positioned for a successful second half of the fiscal year."