Acxiom Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 31, 2017 at 04:05 pm EST
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Acxiom Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported revenues were $223.312 million against $221.193 million a year ago. Income from operations was $9.115 million against loss of $0.374 million a year ago. Earnings from continuing operations before income taxes were $7.407 million against loss of $2.019 million a year ago. Net income from continuing operations was $1.073 million or $0.01 diluted per share against loss of $0.439 million or $0.01 diluted per share a year ago. Net earnings were $1.073 million or $0.01 diluted per share against loss of $1.410 million or $0.02 diluted per share a year ago. Earnings from continuing operations before income taxes and excluding items were $31.684 million against $20.545 million a year ago. Non-GAAP net earnings were $18.933 million or $0.24 diluted per share against $14.146 million or $0.18 diluted per share a year ago. Income from operations before excluded items was $33.392 million against $22.190 million a year ago. EBITDA was $29.062 million against $20.126 million a year ago. Adjusted EBITDA was $48.718 million against $38.858 million a year ago. Net cash provided by operating activities was $48.933 million against $37.018 million a year ago. Capitalized software was $3.296 million against $3.627 million a year ago. Capitalized expenditure was $9.557 million against $10.702 million a year ago.
For the nine months, the company reported revenues were $655.380 million against $625.433 million a year ago. Income from operations was $24.397 million against loss of $5.299 million a year ago. Earnings from continuing operations before income taxes were $19.288 million against loss of $10.422 million a year ago. Net income from continuing operations was $12.189 million or $0.15 diluted per share against loss of $6.966 million or $0.09 diluted per share a year ago. Net earnings were $12.189 million or $0.15 diluted per share against $8.274 million or $0.11 diluted per share a year ago. Earnings from continuing operations before income taxes and excluding items were $74.129 million against $50.205 million a year ago. Non-GAAP net earnings were $44.616 million or $0.56 diluted per share against $33.011 million or $0.42 diluted per share a year ago. Income from operations before excluded items was $79.238 million against $55.328 million a year ago. EBITDA was $85.494 million against $57.021 million a year ago. Adjusted EBITDA was $127.747 million against $104.788 million a year ago. Net cash provided by operating activities was $85.165 million against $70.372 million a year ago. Capitalized software was $11.171 million against $10.360 million a year ago. Capitalized expenditure was $30.096 million against $33.822 million a year ago.
For the year ending March 31, 2017, the company expects earnings before income taxes of $13.0 million, net earnings of $9.00 million or $0.11 diluted per share, purchased intangible asset amortization of $19.0 million, earnings before income taxes and excluding items of $92,000, non-GAAP net earnings of $56.0 million or $0.70 diluted earnings per share. CapEx to be slightly below previous estimate of $65 million for the year.
LiveRamp Holdings, Inc. is a global technology company. The Companyâs enterprise platform enables data collaboration, where companies can share first-party consumer data with business partners securely and in a privacy-conscious manner. It offers flexibility to collaborate wherever data lives to support a range of data collaboration use cases within organizations, between brands, and across its global network of partners. The LiveRamp data collaboration platform enables an organization to unify customer and prospect data (first, second, or third-party) to build a single view of the customer in a way that protects consumer privacy. First-party data is data collected firsthand through a companyâs controlled channels. Second-party data is data that a company shares directly with a business partner. Third-party data is data collected and sold by a company through an online data marketplace to companies with which it does not have a direct relationship. It serves a global customer base.
Acxiom Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017