Back to top

Analyst Blog

Acxiom Corporation (ACXM - Analyst Report) reported Non-GAAP earnings per share of 22 cents in the fourth quarter of fiscal 2012 compared with 21 cents in the previous-year quarter, beating our Zacks Consensus Estimate of 19 cents.

For fiscal 2012, Non-GAAP earnings per share came in at 76 cents compared with 68 cents in fiscal 2011.


Total revenue came in at $287.3 million, remaining almost consistent with the last year quarter but rising 2.2% sequentially. This again beat the Zacks Consensus Estimate of $281 million.

The Marketing and Data Services segment sales increased nearly 5.2% annually to $202.9 million. The company’s IT Infrastructure Management segment fell around 9.6% annually to reach $67.6 million. Other revenues dropped 14.3% year over year to $16.8 million during the quarter.

For fiscal 2012, net sales were $1.13 billion, rising 1.5% from fiscal 2011.


Operating margin (without unusual items) for the quarter came in at 12.1% versus 11.7% in the previous year quarter and 11% in the last quarter.

Marketing and Data Services operating margin was around 14.6% compared to 15.1% in the previous year quarter. The IT Infrastructure Management segment produced an operating margin of 8.7%, rising from 7.4% in the fourth quarter of fiscal 2011. Other Services operating margin came in at (3.8%) versus (5.5%) in the previous year quarter.

For fiscal 2012, operating margin (without unusual items) came in at 10.3% compared to 9.8% in the previous year.

Share Repurchase

Acxiom repurchased 1.6 million shares in the quarter for $23 million. A total of 5.6 million shares were bought back by the company for $66 million in its fiscal year 2012.

Balance Sheet and Cash Flows

Acxiom ended the quarter with cash and cash equivalents of $229.6 million, rising from $146 million at the end of the previous quarter. Net trade accounts receivable came in at $169.4 million, falling marginally from $171 million at the end of the third quarter of fiscal 2012.

Long-term debt came in at $251.9 million, falling from $257 million at the end of the third quarter of fiscal 2012. Deferred revenues came in at $60 million, falling from $70 million at the end of the previous quarter of fiscal 2012.

The company generated net cash from operations of $56.4 million during the fourth quarter of fiscal 2012 compared to $42 million in the previous year quarter. Capital expenditures incurred came in at $12.4 million during the quarter.


For fiscal 2013, the company expects to undergo several management and investment changes which would pace up yields substantially. EPS is expected to fall within a range of 55 cents – 65 cents for the full year whereas revenues are projected to be consistent to marginally down compared to fiscal year 2012.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
THE PANTRY… PTRY 21.24 +3.16%
ERBA DIAGNO… ERB 3.00 +3.09%
SANCHEZ ENE… SN 34.02 +2.19%
WILLDAN GRO… WLDN 11.77 +2.13%
CLAYTON WIL… CWEI 117.50 +1.95%