Acxiom Announces First Quarter Fiscal Year 2011
Q1 highlighted by revenue growth of 5.6% and operating income growth of 77%
July 28, 2010 10:04 AM Eastern Daylight Time
LITTLE ROCK, Ark.--(EON: Enhanced Online News)--Acxiom® Corporation (Nasdaq: ACXM), a global leader
in interactive marketing, today announced financial results for the first quarter of fiscal year 2011 ended June 30,
2010. Acxiom will hold a conference call at 10:00 a.m. CDT today to further discuss this information. Interested
parties are invited to listen to the call, which will be broadcast via the Internet at www.acxiom.com. The company
will reference presentation slides that will be available on the website prior to the call.
John Meyer, Acxiom’s chief executive officer and president, said, “I am pleased with our performance this quarter.
Despite uneven economic recovery, we recorded solid year-over-year revenue growth of approximately six percent.
The majority of this increased revenue was converted into operating income, which increased on an annual basis by
almost 77 percent. This increased operating leverage reflects the actions we undertook over the past two years to
improve cost and performance efficiencies in our business.”
First Quarter 2011 Highlights:
l Revenue increased by 5.6% in the current quarter ended June 30, 2010 to $270.4 million, compared to
$256.0 million for the quarter ended June 30, 2009.
l Income from operations of $22.1 million in the current-year first quarter, up 76.7%, compared to income
from operations of $12.5 million in the first quarter of the prior year.
l Earnings per diluted share of $0.12 in the current quarter, compared to earnings per diluted share of $0.05
in the first quarter of fiscal 2010.
l Operating cash flow of $17.0 million compared to $16.2 million in the first quarter a year ago.
l Free cash flow available to equity of negative $6.3 million, compared to negative $13.2 million in the first
quarter a year ago. Free cash flow available to equity is a non-