Acxiom Announces First-Quarter Expectations
June 24 2009 - 5:00PM
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.
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