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Acxiom continuing operations down 3 percent in third quarter
By
David Harten
This article was published January 30, 2013 at 3:31 p.m.
LITTLE ROCK — Acxiom's overall operations were down three percent in the third quarter, according to numbers the company released Wednesday afternoon.
In all, the revenue for continuing operations finished at $273 million for the quarter, compared to $281 million for the year prior. Income, however, increased by 73 percent to $27 million for the quarter.
In stock, Acxiom repurchased just over one million shares for $18.3 million over the span of the quarter, bringing the total to nine million since repurchases began in August 2011.
Diluted earnings per share decreased 14 percent compared to the prior-year quarter, when the share was a 22 cents.
"Revenue from our top 100 U.S. marketing and data services customers was up over 7 percent this quarter and up over 9 percent year to date," Acxiom CEO Scott Howe said in the release. "While we are pleased with this performance, we also recognize we have work to do in order to further expand our client base and reignite growth with our small and mid-tier customers."
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