Acxiom Announces First Quarter Results

  Acxiom Announces First Quarter Results

                       Maintains Guidance for the Year

Business Wire

LITTLE ROCK, Ark. -- August 4, 2014

Acxiom® (Nasdaq: ACXM), an enterprise data, analytics and
software-as-a-service company, today announced financial results for its first
quarter ended June 30, 2014.

First Quarter Financial Highlights

  *Total revenue was down 6 percent compared to the first quarter of fiscal
    2014 as a result of expected IT Infrastructure Management declines and
    European restructuring.

       *Marketing and Data Services revenue was $187 million, slightly down
         compared to the first quarter of fiscal 2014.
       *IT Infrastructure Management revenue was down, as expected,
         approximately 20 percent compared to the same period a year ago.
       *Gross media spend through the Audience Operating System™ was
         approximately $28 million, up 87 percent compared to the fourth
         quarter of last year.

  *GAAP operating income and diluted earnings per share were down due to
    one-time expenses associated with business separation and transformation
    activities.

       *Net loss per diluted share from continuing operations was $0.08
         compared to earnings per share of $0.17 a year ago. Unusual items and
         non-cash compensation expense impacted GAAP earnings per share by
         $0.21 in the quarter. Unusual items included expenses associated with
         the Company’s restructuring activities, separation and transformation
         initiatives, and the acquisition of LiveRamp, Inc.
       *Operating cash flow from continuing operations was $149 million for
         the trailing twelve months, down 11 percent compared to the same
         period a year ago. Free cash flow to equity was $56 million for the
         trailing twelve-month period compared to $70 million for the
         comparable period. The decline was primarily due to cash
         restructuring and separation and transformation expenses and higher
         capital spending.

  *Non-GAAP operating income and diluted earnings per share were down
    primarily due to the declines in the IT Infrastructure Management
    business.

       *Excluding unusual items and non-cash compensation expense, diluted
         earnings per share were $0.13 compared to $0.19 a year ago.
       *Excluding unusual items and non-cash compensation expense, operating
         income was $19 million, down from $27 million for the same period
         last year. The change was due to the expected declines in the IT
         Infrastructure Management business and, to a lesser extent, higher
         R&D expenses.

  *The Company reiterates its full year revenue and earnings per share
    guidance.

A reconciliation between GAAP and non-GAAP results is attached to this
release.

During the quarter, the Company announced its acquisition of LiveRamp, an
industry leader in connecting first and third party offline data with the
digital marketing ecosystem. In addition, Acxiom completed the sale of its
U.K. call center business, 2Touch. As a result, 2Touch results for the current
and prior years are presented as discontinued operations in the consolidated
statement of operations. Revenue and expenses related to discontinued
operations are netted and presented on one line, net of tax, in the statement
of operations.

“The integration of LiveRamp is off to a great start,” said Acxiom CEO Scott
Howe. “This quarter we added 7 new AOS™ clients and are in the process of
introducing LiveRamp to our customer base. Exciting opportunities lie ahead as
we build toward a connected ecosystem of customers, publishers and marketing
applications.”

First Quarter Business Highlights

  *The Company sold its U.K. call center operation, 2Touch, to Parseq Ltd. to
    increase its focus on its core Marketing and Data Services business.
  *Acxiom signed several Marketing and Data Services agreements during the
    quarter including new database contracts with Zurich-based ACE Insurance
    Group and Australia-based Sevenwest Media Group, and renewals with Virgin
    Media and First National Bank of Omaha.

  *Acxiom signed 7 new AOS agreements during the quarter with several
    industry-leading companies including Carrefour Media, J. Jill, a global
    investment management firm and a major airline.
  *Subsequent to quarter end, Acxiom completed its acquisition of LiveRamp, a
    leading service for onboarding customer data into digital marketing
    applications. Together, Acxiom and LiveRamp become the industry-leading
    solution for bringing first and third party data online with better
    matching, more connectivity and faster onboarding.

Financial Outlook

The following projections are forward-looking and are subject to certain risks
and uncertainties that could cause actual results to differ materially as
detailed in the Forward-Looking Statements section of this press release. Our
guidance includes the impact of the LiveRamp acquisition but excludes the
impact of unusual items, acquisition related expenses and non-cash
compensation expense. Acxiom’s estimates for fiscal 2015 are as follows:

  *We continue to expect revenue from continuing operations for the fiscal
    year to be down roughly five percent compared to fiscal year 2014. The
    decline in revenue is primarily due to the impact of lost IT
    Infrastructure Management customers and the exit of our analog paper
    survey business in Europe.
  *Adjusting for the 2Touch divestiture, we continue to expect earnings per
    diluted share to be in the range of $0.73 to $0.83.

Conference Call

Acxiom will hold a conference call at 3:30 p.m. CDT today to further discuss
this information. Interested parties are invited to listen to the call, which
will be broadcast via the Internet at www.acxiom.com. A slide presentation
will be referenced during the call and can be accessed here.

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.

Forward-Looking Statements

This release and today’s conference call may contain forward-looking
statements including, without limitation, statements regarding expected levels
of revenue and earnings per share as well as statements regarding future
investments, new customers and new product launches and capabilities. Such
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially. The following are factors,
among others, that could cause actual results to differ materially from these
forward-looking statements: the possibility that the expected revenue from the
LiveRamp transaction may not be realized within the expected timeframe; the
possibility that certain contracts may not generate the anticipated revenue or
profitability or may not be closed within the anticipated time frames; the
possibility that significant customers may experience extreme, severe economic
difficulty or otherwise reduce or cancel the amount of business they do with
us; the possibility that we will not successfully complete customer contract
requirements on time or meet the service levels specified in the contracts,
which may result in contract penalties or lost revenue; the possibility that
data suppliers might withdraw data from us, leading to our inability to
provide certain products and services to our clients; the possibility that we
may not be able to attract, retain or motivate qualified technical, sales and
leadership associates, or that we may lose key associates; the possibility
that we may not be able to adequately adapt to rapidly changing computing
environments, technologies and marketing practices; the possibility that we
will not be able to continue to receive credit upon satisfactory terms and
conditions; the possibility that negative changes in economic conditions in
general or other conditions might lead to a reduction in demand for our
products and services; the possibility that there will be changes in consumer
or business information industries and markets that negatively impact the
company; the possibility that the historical seasonality of our business may
change; the possibility that we will not be able to achieve anticipated cost
reductions and avoid unanticipated costs; the possibility that the fair value
of certain of our assets may not be equal to the carrying value of those
assets now or in future time periods; the possibility that unusual charges may
be incurred; the possibility that changes in accounting pronouncements may
occur and may impact these forward-looking statements; the possibility that we
may encounter difficulties when entering new markets or industries; the
possibility that we could experience loss of data center capacity or
interruption of telecommunication links; the possibility that new laws may be
enacted which limit our ability to provide services to our clients and/or
which limit the use of data; and other risks and uncertainties, including
those detailed from time to time in our periodic reports filed with the
Securities and Exchange Commission, including our current reports on Form 8-K,
quarterly reports on Form 10-Q and annual reports on Form 10-K, particularly
the discussion under the caption “Item 1A, RISK FACTORS” in our Annual Report
on Form 10-K for the year ended March 31, 2014, which was filed with the
Securities and Exchange Commission on May 28, 2014.

With respect to the provision of products or services outside our primary base
of operations in the United States, all of the above factors apply, along with
the difficulty of doing business in numerous sovereign jurisdictions due to
differences in scale, competition, culture, laws and regulations.

We undertake no obligation to update the information contained in this press
release or any other forward-looking statement.

Acxiom is a registered trademark of Acxiom Corporation.

To automatically receive Acxiom Corporation financial news by email, please
visit www.acxiom.com and subscribe to email alerts.


ACXIOM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except earnings per share)
                                                            
                           For the Three Months Ended
                           June 30,
                                                       $             %
                           2014          2013          Variance    Variance
                                                                     
Revenue:
Marketing and data         186,683       187,793       (1,110  )     (0.6   %)
services
IT Infrastructure          55,532       69,385       (13,853 )     (20.0  %)
management services
Total revenue              242,215       257,178       (14,963 )     (5.8   %)
                                                                     
Operating costs and
expenses:
Cost of revenue            192,303       196,105       (3,802  )     (1.9   %)
Selling, general and       46,938        37,615        9,323         24.8   %
administrative
Gains, losses and          7,452        -            7,452         100.0  %
other items, net
                                                                     
Total operating costs      246,693      233,720      12,973        5.6    %
and expenses
                                                                     
Income (loss) from         (4,478  )     23,458       (27,936 )     (119.1 %)
operations
% Margin                   -1.8    %     9.1     %
Other income
(expense):
Interest expense           (2,571  )     (3,019  )     448           14.8   %
Other, net                 (413    )     104          (517    )     (497.1 %)
                                                                     
Total other income         (2,984  )     (2,915  )     (69     )     (2.4   %)
(expense)
                                                                     
Earnings (loss) from
continuing operations      (7,462  )     20,543        (28,005 )     (136.3 %)
before income taxes
                                                                     
Income taxes               (1,390  )     8,040        (9,430  )     (117.3 %)
                                                                     
Net earnings (loss)
from continuing            (6,072  )     12,503        (18,575 )     (148.6 %)
operations
                                                                     
Earnings (loss) from
discontinued               (1,532  )     592          (2,124  )     (358.8 %)
operations, net of tax
                                                                     
Net earnings (loss)        (7,604  )     13,095        (20,699 )     (158.1 %)
                                                                     
Less: Net loss
attributable to            -            (85     )     85            100.0  %
noncontrolling
interest
                                                                     
Net earnings (loss)        (7,604  )     13,180       (20,784 )     (157.7 %)
attributable to Acxiom
                                                                     
Basic earnings (loss)
per share:
Net earnings (loss)
from continuing            (0.08   )     0.17          (0.25   )     (147.1 %)
operations
Earnings (loss) from
discontinued               (0.02   )     0.01         (0.03   )     (300.0 %)
operations
Net earnings (loss)        (0.10   )     0.18         (0.28   )     (155.6 %)
                                                                     
Net earnings (loss)
attributable to Acxiom     (0.10   )     0.18         (0.28   )     (155.6 %)
stockholders
                                                                     
                                                                     
Diluted earnings
(loss) per share:
Net earnings (loss)
from continuing            (0.08   )     0.17          (0.25   )     (147.1 %)
operations
Earnings (loss) from
discontinued               (0.02   )     0.01         (0.03   )     (300.0 %)
operations
Net earnings (loss)        (0.10   )     0.17         (0.27   )     (158.8 %)
                                                                     
Net earnings (loss)
attributable to Acxiom     (0.10   )     0.17         (0.27   )     (158.8 %)
stockholders
                                                                            


ACXIOM CORPORATION AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP EPS
(Unaudited)
(Dollars in thousands, except earnings per share)
                                                               
                                                    For the Three Months Ended
                                                    June 30,
                                                    2014             2013
                                                                     
                                                                     
Earnings (loss) from continuing operations          (7,462  )        20,543
before income taxes
                                                                     
Income taxes                                        (1,390  )        8,040   
                                                                     
Net earnings (loss) from continuing operations      (6,072  )        12,503
                                                                     
Earnings (loss) from discontinued operations,       (1,532  )        592     
net of tax
                                                                     
Net earnings (loss)                                 (7,604  )        13,095
                                                                     
Less: Net loss attributable to noncontrolling       -               (85     )
interest
                                                                     
Net earnings (loss) attributable to Acxiom          (7,604  )        13,180  
                                                                     
Earnings (loss) per share attributable to
Acxiom stockholders:
                                                                     
Basic                                               (0.10   )        0.18    
                                                                     
Diluted                                             (0.10   )        0.17    
                                                                     
Unusual items:
                                                                     
Live Ramp acquisition costs                         780              -
Non-cash stock compensation                         4,089            3,180
Restructuring charges and other adjustments         6,672            -
Separation and transformation costs                 12,037          -       
                                                                     
Total unusual items, continuing operations          23,578          3,180   
                                                                     
Earnings from continuing operations before          16,116           23,723
income taxes and excluding unusual items
                                                                     
Income taxes                                        6,204           9,252   
                                                                     
Non-GAAP earnings from continuing operations        9,912            14,471
                                                                     
Earnings from discontinued operations, net of       -               -       
tax
                                                                     
Non-GAAP net earnings                               9,912            14,471
                                                                     
Less: Net loss attributable to noncontrolling       -               (85     )
interest
                                                                     
Non-GAAP Net earnings attributable to Acxiom        9,912           14,556  
                                                                     
Non-GAAP earnings per share attributable to
Acxiom stockholders:
                                                                     
Basic                                               0.13            0.20    
                                                                     
Diluted                                             0.13            0.19    
                                                                     
Diluted weighted average shares                     78,341          75,491  
                                                                             


ACXIOM CORPORATION AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP INCOME FROM OPERATIONS
(Unaudited)
(Dollars in thousands, except earnings per share)
                                                             
                                                For the Three Months Ended
                                                June 30,
                                                2014               2013
                                                                   
Income (loss) from operations                   (4,478   )         23,458
                                                                   
Unusual items                                   23,578            3,180
                                                                   
Income from operations before unusual items     19,100            26,638
                                                                   


ACXIOM CORPORATION AND SUBSIDIARIES
CALCULATION OF EARNINGS PER SHARE
(Unaudited)
(In thousands, except earnings per share)
                                                               
                                                    For the Three Months Ended
                                                                     
                                                    June 30,         June 30,
                                                    2014             2013
                                                                     
Basic earnings (loss) per share from continuing
operations:
Numerator - net earnings (loss)                     (6,072  )        12,503
Denominator - weighted-average shares               76,833          73,679
outstanding
Basic earnings (loss) per share                     (0.08   )        0.17
                                                                     
Basic earnings (loss) per share - net earnings
(loss) attributable to Acxiom stockholders:
Numerator - net earnings (loss) attributable to     (7,604  )        13,180
Acxiom
Denominator - weighted-average shares               76,833          73,679
outstanding
Basic earnings (loss) per share - net earnings      (0.10   )        0.18
(loss) attributable to Acxiom stockholders
                                                                     
Diluted earnings (loss) per share from
continuing operations:
Numerator - net earnings (loss)                     (6,072  )        12,503
                                                                     
Denominator - weighted-average shares               76,833           73,679
outstanding
Dilutive effect of common stock options,            -               1,812
warrants and restricted stock
                                                    76,833          75,491
                                                                     
Diluted earnings (loss) per share from              (0.08   )        0.17
continuing operations
                                                                     
Diluted earnings (loss) per share - net
earnings (loss) attributable to Acxiom
stockholders:
Numerator - net earnings (loss) attributable to     (7,604  )        13,180
Acxiom
                                                                     
Denominator - weighted-average shares               76,833           73,679
outstanding
Dilutive effect of common stock options,            -               1,812
warrants, and restricted stock
                                                    76,833          75,491
                                                                     
Diluted earnings (loss) per share - net
earnings (loss) attributable to Acxiom              (0.10   )        0.17
stockholders
                                                                     


ACXIOM CORPORATION AND SUBSIDIARIES
RESULTS BY SEGMENT
(Unaudited)
(Dollars in thousands)
                                                               
                                                   For the Three Months Ended
                                                                    
                                                   June 30,         June 30,
Revenue:                                           2014             2013
                                                                    
Marketing and data services                        186,683          187,793
IT Infrastructure management services              55,532          69,385  
                                                                    
Total revenue                                      242,215         257,178 
                                                                    
                                                                    
Income from continuing operations:
                                                                    
Marketing and data services                        10,272           12,697
IT Infrastructure management services              4,739            10,761
Corporate                                          (19,489  )       -       
                                                                    
Total income (loss) from continuing operations     (4,478   )       23,458  
                                                                    
Margin:
                                                                    
Marketing and data services                        5.5      %       6.8     %
IT Infrastructure management services              8.5      %       15.5    %
                                                                    
Total margin                                       -1.8     %       9.1     %
                                                                            


ACXIOM CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Dollars in thousands)
                                                            
                       June 30,        March 31,       $             %
                       2014            2014            Variance    Variance
Assets
Current assets:
Cash and cash          392,918         418,586         (25,668 )     (6.1   %)
equivalents
Trade accounts         150,605         160,718         (10,113 )     (6.3   %)
receivable, net
Deferred income        12,285          12,870          (585    )     (4.5   %)
taxes
Refundable income      11,436          11,535          (99     )     (0.9   %)
taxes
Other current          51,644          54,484          (2,840  )     (5.2   %)
assets
Assets of
discontinued           1,140          7,332          (6,192  )     (84.5  %)
operations
                                                                     
Total current          620,028        665,525        (45,497 )     (6.8   %)
assets
                                                                     
Property and           854,544         852,236         2,308         0.3    %
equipment
Less - accumulated
depreciation and       638,222        635,330        2,892         0.5    %
amortization
                                                                     
Property and           216,322        216,906        (584    )     (0.3   %)
equipment, net
                                                                     
Software, net of
accumulated            40,766          39,425          1,341         3.4    %
amortization
Goodwill               358,671         358,384         287           0.1    %
Purchased software
licenses, net of       19,079          18,584          495           2.7    %
accumulated
amortization
Other assets, net      22,607         24,477         (1,870  )     (7.6   %)
                                                                     
                       1,277,473      1,323,301      (45,828 )     (3.5   %)
                                                                     
Liabilities and
Stockholders’
Equity
Current
liabilities:
Current
installments of        31,368          28,567          2,801         9.8    %
long-term debt
Trade accounts         42,803          36,179          6,624         18.3   %
payable
Accrued payroll
and related            31,010          62,182          (31,172 )     (50.1  %)
expenses
Other accrued          67,777          70,412          (2,635  )     (3.7   %)
expenses
Deferred revenue       43,481          47,638          (4,157  )     (8.7   %)
Income taxes           -               241             (241    )     (100.0 %)
Liabilities of
discontinued           1,681          4,250          (2,569  )     (60.4  %)
operations
                                                                     
Total current          218,120        249,469        (31,349 )     (12.6  %)
liabilities
                                                                     
Long-term debt         278,975         289,043         (10,068 )     (3.5   %)
                                                                     
Deferred income        88,480          90,226          (1,746  )     (1.9   %)
taxes
                                                                     
Other liabilities      12,464          11,706          758           6.5    %
                                                                     
Stockholders’
equity:
Common stock           12,644          12,584          60            0.5    %
Additional paid-in     988,607         981,985         6,622         0.7    %
capital
Retained earnings      595,225         602,829         (7,604  )     (1.3   %)
Accumulated other
comprehensive          14,428          13,662          766           5.6    %
income
Treasury stock, at     (931,470  )     (928,203  )     (3,267  )     (0.4   %)
cost
Total
stockholders’          679,434        682,857        (3,423  )     (0.5   %)
equity
                                                                     
                       1,277,473      1,323,301      (45,828 )     (3.5   %)
                                                                            


ACXIOM CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Dollars in thousands)
                                                                
                                                    For the Three Months Ended
                                                    June 30,
                                                    2014           2013
                                                                     
Cash flows from operating activities:
Net earnings (loss)                                 (7,604   )       13,095
Loss (earnings) from discontinued operations,       1,532            (592    )
net of tax
Non-cash operating activities:
Depreciation and amortization                       27,524           25,048
Deferred income taxes                               (1,843   )       (588    )
Non-cash stock compensation expense                 4,089            3,181
Changes in operating assets and liabilities:
Accounts receivable                                 12,482           2,216
Other assets                                        2,736            743
Deferred costs                                      (1,383   )       -
Accounts payable and other liabilities              (29,022  )       (27,826 )
Deferred revenue                                    (6,644   )       1,231   
Net cash provided by operating activities           1,867           16,508  
Cash flows from investing activities:
Capitalized software                                (4,969   )       (5,954  )
Capital expenditures                                (19,001  )       (8,912  )
Data acquisition costs                              (635     )       (1,961  )
Net cash provided (used) by investing               (24,605  )       (16,827 )
activities
Cash flows from financing activities:
Payments of debt                                    (5,502   )       (4,890  )
Sale of common stock, net of stock acquired for     (674     )       5,755
withholding taxes
Acquisition of treasury stock                       -               (16,139 )
Net cash used by financing activities               (6,176   )       (15,274 )
Cash flows from discontinued operations:
From operating activities                           (13      )       341
From investing activities                           2,927           (8      )
Net cash provided by discontinued operations        2,914           333     
Effect of exchange rate changes on cash             332             (84     )
                                                                     
Net change in cash and cash equivalents             (25,668  )       (15,344 )
Cash and cash equivalents at beginning of           418,586         222,974 
period
Cash and cash equivalents at end of period          392,918         207,630 
                                                                     
Supplemental cash flow information:
Cash paid during the period for:
Interest                                            2,875            3,011
Income taxes                                        297              1,084
Payments on capital leases and installment          1,235            2,900
payment arrangements
Other debt payments, excluding line of credit       4,267            1,990
                                                                             


ACXIOM CORPORATION AND SUBSIDIARIES
CALCULATION OF FREE CASH FLOW AVAILABLE TO EQUITY
AND RECONCILIATION TO OPERATING CASH FLOW
(Unaudited)
(Dollars in thousands)
                                                                                               
                                                                                               
                 06/30/13   09/30/13   12/31/13   03/31/14    YTD           06/30/14      TTM         TTM
                                                                      FY2014                      6/30/13       6/30/14
                                                                                                                
Net cash
provided by
operating        16,508       42,255       63,791       40,687        163,241       1,867         166,312       148,600
activities -
continuing
operations
Net cash
provided by
operating        341          (1,734 )     (19    )     3,147         1,735         (13     )     2,536         1,381
activities -
discontinued
operations
                                                                                                                
Less:
Payments for     -            -            3,633        190           3,823         -             -             3,823
investments
Capitalized      (5,954 )     (7,660 )     (5,495 )     (5,408  )     (24,517 )     (4,969  )     (22,160 )     (23,532 )
software
Capital          (8,912 )     (9,130 )     (6,681 )     (14,409 )     (39,132 )     (19,001 )     (43,565 )     (49,221 )
expenditures
Data
acquisition      (1,961 )     (913   )     (1,786 )     (3,085  )     (7,745  )     (635    )     (8,229  )     (6,419  )
costs
Discontinued
operations       (8     )     (139   )     (19    )     -             (166    )     2,927         (308    )     2,769
investing
activities
Payments on
capital
leases and       (2,900 )     (2,339 )     (1,675 )     (1,465  )     (8,379  )     (1,235  )     (14,852 )     (6,714  )
installment
payment
arrangements
Other
required         (1,990 )   (2,004 )   (4,259 )   (4,263  )   (12,516 )     (4,267  )     (10,053 )   (14,793 )
debt
payments
                                                                                                                
Total            (4,876 )   18,336    47,490    15,394     76,344       (25,326 )     69,681     55,894  
                                                                                                                        


ACXIOM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except earnings per share)
                                                                                                     
                                                                                           Q1 FY15 to Q1 FY14
                   06/30/13    09/30/13    12/31/13    03/31/14    YTD FY2014      06/30/14      %          $
Revenue:
Marketing and      187,793       200,952       206,662       209,746       805,153         186,683       -0.6   %     (1,110  )
data services
IT
Infrastructure     69,385     66,825     62,099     58,816     257,125        55,532       -20.0  %   (13,853 )
management
services
Total revenue      257,178       267,777       268,761       268,562       1,062,278       242,215       -5.8   %     (14,963 )
                                                                                                                      
Operating
costs and
expenses:
Cost of            196,105       199,107       201,430       198,920       795,562         192,303       -1.9   %     (3,802  )
revenue
Selling,
general and        37,615        42,859        43,383        45,519        169,376         46,938        24.8   %     9,323
administrative
Impairment of
goodwill and       -             -             -             24,953        24,953          -             0.0    %     -
other
Gains, losses
and other          -          6,584      4,657      10,673     21,914         7,452        100.0  %   7,452   
items, net
                                                                                                                      
Total
operating          233,720       248,550       249,470       280,065       1,011,805       246,693       5.6    %     12,973
costs and
expenses
                                                                                                                      
Income (loss)
from               23,458        19,227        19,291        (11,503 )     50,473          (4,478  )     -119.1 %     (27,936 )
operations
% Margin           9.1     %     7.2     %     7.2     %     -4.3    %     4.8       %     -1.8    %
Other expense
Interest           (3,019  )     (2,980  )     (3,114  )     (2,558  )     (11,671   )     (2,571  )     -14.8  %     448
expense
Other, net         104        (350    )   1,484      579        1,817          (413    )     -497.1 %   (517    )
Total other        (2,915  )     (3,330  )     (1,630  )     (1,979  )     (9,854    )     (2,984  )     -3.5   %     (69     )
expense
                                                                                                                      
Earnings
(loss) from
continuing         20,543        15,897        17,661        (13,482 )     40,619          (7,462  )     -136.3 %     (28,005 )
operations
before income
taxes
Income taxes       8,040      6,459      3,083      12,045     29,627         (1,390  )     -117.3 %   (9,430  )
                                                                                                                      
Net earnings
(loss) from        12,503        9,438         14,578        (25,527 )     10,992          (6,072  )     -148.6 %     (18,575 )
continuing
operations
                                                                                                                      
Earnings
(loss) from
discontinued       592        426        489        (3,696  )   (2,189    )     (1,532  )     -358.8 %   (2,124  )
operations,
net of tax
                                                                                                                      
Net earnings       13,095        9,864         15,067        (29,223 )     8,803           (7,604  )     -158.1 %     (20,699 )
(loss)
                                                                                                                      
Less: Net gain
(loss)
attributable       (85     )   25         -          -          (60       )     -            -100.0 %   85      
to
noncontrolling
interest
                                                                                                                      
Net earnings
(loss)             13,180     9,839      15,067     (29,223 )   8,863          (7,604  )     -157.7 %   (20,784 )
attributable
to Acxiom
                                                                                                                      
Diluted
earnings
(loss) per
share - net
earnings           0.17       0.13       0.19       (0.38   )   0.12           (0.10   )     -158.8 %   (0.27   )
(loss)
attributable
to Acxiom
stockholders
                                                                                                                              


ACXIOM CORPORATION AND SUBSIDIARIES
RESULTS BY SEGMENT
(Unaudited)
(Dollars in thousands)

                                                                                     Q1 FY15 to Q1 FY14
                   06/30/13    09/30/13    12/31/13    03/31/14    YTD FY2014      06/30/14      %        $
                                                                                                         
Revenue:
                                                                                                                    
Marketing and      187,793       200,952       206,662       209,746       805,153         186,683       -1   %     (1,110  )
data services
IT
Infrastructure     69,385     66,825     62,099     58,816     257,125        55,532       -20  %   (13,853 )
management
services
                                                                                                                    
Total revenue      257,178    267,777    268,761    268,562    1,062,278      242,215      -6   %   (14,963 )
                                                                                                                    
Income from
continuing
operations:
                                                                                                                    
Marketing and      12,697        16,030        22,529        27,244        78,500          10,272        -19  %     (2,425  )
data services
IT
Infrastructure     10,761        11,967        6,316         3,803         32,847          4,739         -56  %     (6,022  )
management
services
Corporate          -          (8,770  )   (9,554  )   (42,550 )   (60,874   )     (19,489 )     -100 %   (19,489 )
                                                                                                                    
Total income
(loss) from        23,458     19,227     19,291     (11,503 )   50,473         (4,478  )     -119 %   (27,936 )
continuing
operations
                                                                                                                    
Margin:
                                                                                                                    
Marketing and      6.8     %     8.0     %     10.9    %     13.0    %     9.7       %     5.5     %
data services
IT
Infrastructure     15.5    %     17.9    %     10.2    %     6.5     %     12.8      %     8.5     %
management
services
                                                                                                                    
Total              9.1     %     7.2     %     7.2     %     -4.3    %     4.8       %     -1.8    %
                                                                                                                    

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Contact:

Acxiom Corporation
Lauren Russi, 650-372-2242
Investor Relations
investor.relations@acxiom.com
EACXM
 
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