by Max Brantley
Acxiom, the LR data company under pressure from an outside investor with takeover on his mind, has been in the news by analysts awaiting first quarter earnings for the period ending June 30. Motley Fool is an example. Results are in. Acxiom says things are fine. Better than fine actually. Its news release calls these the best first quarter income numbers ever. Earnings exceeded analysts' predictions.
Year over year, first-quarter earnings per diluted share increased 186 percent to $0.20. Consolidated net earnings for the quarter increased 168 percent to $17.8 million. First-quarter revenue totaled $336.7 million, representing an 8.5 percent increase over the same quarter last year.
“Our first-quarter results were strong and in line with our long-term Financial Road Map. These results reflect the growing strength of our company and the benefits from our ongoing initiatives to transform Acxiom,” Company Leader Charles D. Morgan said. “Our first-quarter operating income increased 143 percent over the same quarter last year, and our overall revenue growth of 8.5 percent was led by a 9.8 percent increase in our services business. We are clearly on the right path operationally and will continue to stay focused on executing our priority initiatives to deliver superior financial performance.”