Customer analytics vendor Acxiom has reported a 40% decline in net income to $9.44m for the second quarter 2010, compared to a net income of $15.85m in the same quarter last year. Revenue declined 18% to $271.1m. Skip related content
Operating income fell 38% to $21.24m, while diluted EPS declined 40% to $0.12. Operating cash flow was $60.7m compared to $86.8m in the same period last year.
The company said information services revenue fell 10% to $210.21m, while information products revenue fell 36% to $60.89m.
During the quarter, Acxiom expanded into the Middle East-North Africa (MENA) market with the acquisition of Direct Marketing Services (DMS) in Saudi Arabia and the United Arab Emirates. The company also appointed Stephen Whyte as chief executive of its European operations.
For the first half, the company has reported a 48% decline in net income to $13.63m compared to a net income of $26.5m a year ago. Revenue declined 20% to $527.08m.
John Meyer, chief executive and president at Acxiom, said: “The September quarter was another challenging period for us, but we are beginning to see signs of progress in the business. Our revenue and operating income results improved in the September quarter over the June quarter. The anticipated increase in client spending coupled with our continued emphasis on expense management gives us confidence that our second half operating income performance will improve over the first half.”
