Published:
Acxiom Announces First-Quarter Expectations
LITTLE ROCK, Ark. - (BUSINESS WIRE) - Acxiom Corporation (Nasdaq: ACXM) today reported its revenue
and earnings expectations for the fiscal 2010 first quarter ending June
30, 2009. The company expects revenue of approximately $245 million to
$255 million and diluted earnings per share of approximately $.03 to
$.07.
John Meyer, Acxiom's chief executive officer and president, stated, "Our
first-quarter revenues are expected to decrease 17 to 21 percent
compared to the first quarter a year ago, as adjusted for the data
pass-through contract of $22.2 million included in revenue for the prior
year first quarter. The outlook for revenue in the near term remains
challenging. We continue to feel the effects of market consolidation, as
well as clients continuing to defer decisions on their marketing
spending or canceling programs, both of which have an effect on our
revenue and our ability to estimate revenue."
Meyer continued, "We remain diligent in our cost control measures and
our focus on new business opportunities."
Acxiom will hold a conference call at 5:00 p.m. CDT today to discuss
this information further. Interested parties are invited to listen to
the call via the Internet at www.acxiom.com.
To access the call by phone, please dial (877) 879-6209, passcode
5647043, approximately five minutes prior to the start of the call. A
replay will be available and archived on our website shortly after the
call.
About Acxiom
A global leader in interactive marketing services, Acxiom connects
clients with their customers through deep consumer insight, powering
effective and profitable marketing initiatives and business decisions.
Our consultative approach spans multiple industries and incorporates
decades of experience in consumer data and analytics, information
technology, data integration and consulting solutions for effective
marketing across digital, Internet, email, mobile and direct mail
channels. Founded in 1969, Acxiom is headquartered in Little Rock, Ark.,
and serves clients around the world from locations in the United States,
Europe and Asia-Pacific. For more information about Acxiom, visit www.acxiom.com.
Forward Looking Statements
This release and today's conference call may contain forward-looking
statements including, without limitation, statements regarding our
expectations for revenue and diluted earnings per share for the first
fiscal quarter of 2010. Such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially. The following are factors, among others, that could
cause actual results to differ materially from these forward-looking
statements: the possibility that certain contracts may not generate the
anticipated revenue or profitability or may not be closed within the
anticipated time frames; the possibility that significant customers may
experience extreme, severe economic difficulty or otherwise reduce the
amount of business they do with us; the possibility that we will not
successfully complete customer contract requirements on time or meet the
service levels specified in the contracts, which may result in contract
penalties or lost revenue; the possibility that we may not be able to
attract, retain or motivate qualified technical, sales and leadership
associates, or that we may lose key associates to other organizations;
the possibility that we will not be able to continue to receive credit
upon satisfactory terms and conditions; the possibility that negative
changes in economic conditions in general or other conditions might lead
to a reduction in demand for our products and services; the possibility
that there will be changes in consumer or business information
industries and markets that negatively impact the company; the
possibility that the historical seasonality of our business may change;
the possibility that we will not be able to achieve cost reductions and
avoid unanticipated costs; the possibility that the fair value of
certain of our assets may not be equal to the carrying value of those
assets now or in future time periods; the possibility that changes in
accounting pronouncements may occur and may impact these forward-looking
statements; the possibility that we may encounter difficulties when
entering new markets or industries; and other risks and uncertainties,
including those detailed from time to time in our periodic reports filed
with the Securities and Exchange Commission, including our current
reports on Form 8-K, quarterly reports on Form 10-Q and annual report on
Form 10-K, particularly the discussion under the caption "Item 1A, RISK
FACTORS" in our Annual Report on Form 10-K for the year ended March 31,
2009, which was filed with the Securities and Exchange Commission on May
29, 2009.
With respect to the provision of products or services outside our
primary base of operations in the United States, all of the above
factors apply, along with the difficulty of doing business in numerous
sovereign jurisdictions due to differences in scale, competition,
culture, laws and regulations.
We undertake no obligation to update the information contained in this
press release or any other forward-looking statement.
Acxiom is a registered trademark of Acxiom Corporation.
Acxiom Corporation
Katharine Boyce, 501-342-1321
Investor
Relations Coordinator
Investor.relations@acxiom.com
EACXM
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