Acxiom Reports 1Q Loss of $1.3M, Revenue Down 1 Percent | Arkansas Business News – Arkansas News

Acxiom Reports 1Q Loss of $1.3M, Revenue Down 1 Percent | Arkansas Business News – Arkansas News

Acxiom Corp. of Little Rock on Thursday reported a loss of $1.3 million for its first quarter that ended June 30, down from $3.98 million net income from the same quarter a year ago.

The data services company’s revenue was $212.5 million for the quarter, which was down 1.1 percent from its first quarter last year.

Acxiom’s fiscal year ends on March 31.

Acxiom (Nasdaq: ACXM) said it missed out on $12 million of revenue because of the sale of its Impact email business and $1 million due to foreign exchange exposure.

The company also reported a loss in operating income of $6 million, or 2 cents per share. That’s down year-over-year from an operating income of $8 million, or 5 cents per share.

“We remain on track to meet our profit objectives for the year,” CEO Scott Howe said in a news release. “While our near-term, top-line expectations have declined, our business remains strong. We are expanding internationally, our connectivity business continues to fire on all cylinders, and we are making good progress against our key growth initiatives.”

Revenue from Acxiom’s connectivity and audience solutions segments rose during the first quarter, while revenue from its marketing services segment fell.

Income from operations was also a mixed bag for the segments, as it decreased year-over-year for connectivity and marketing services but increased for audience solutions.

Revenue from the company’s connectivity segment was $45.2 million, up 44 percent. The segment reported a loss of $48,000 in income compared to income of $291,000 for the same quarter a year ago. 

Revenue from the audience solutions segment was $75.7 million, up 2.7 percent…

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