Acxiom Extends Share Repurchase Program
November 13 2014 - 2:16PM
Business Wire
Acxiom® (Nasdaq: ACXM), an enterprise data, analytics and
software-as-a-service Company, today announced that its Board of
Directors voted to extend the duration of the Company's existing
share repurchase program for an additional year, through November
12, 2015.
“We remain committed to delivering value to our shareholders,”
said Acxiom CFO Warren Jenson. “While we continue to invest for our
future, the extension of the share buyback program highlights our
confidence in our ability to both execute against our strategic
growth initiatives and, at the same time, maintain a strong
financial profile.”
Since inception of the share repurchase program in August 2011,
the Company has repurchased 12.9 million shares, or approximately
16 percent of the outstanding common stock, for $202 million. The
Company has $48 million remaining capacity for future purchases of
common stock under the current authorization.
Under the program, Acxiom is authorized to repurchase
outstanding shares in open market or privately negotiated
transactions depending on prevailing market conditions and other
factors. The repurchase program may be suspended or discontinued at
any time.
About Acxiom
Acxiom is an enterprise data, analytics and
software-as-a-service Company that uniquely fuses trust, experience
and scale to fuel data-driven results. For over 40 years, Acxiom
has been an innovator in harnessing the most important sources and
uses of data to strengthen connections between people, businesses
and their partners. Utilizing a channel and media neutral approach,
we leverage cutting-edge, data-oriented products and services to
maximize customer value. Every week, Acxiom powers more than a
trillion transactions that enable better living for people and
better results for our clients. For more information about Acxiom,
visit Acxiom.com.
Acxiom is a registered trademark of Acxiom Corporation.
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Acxiom CorporationInvestor Relations:Lauren Dillard,
650-372-2242investor.relations@acxiom.comEACXMGACXM
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