Acxiom Corp (ACXM) Misses Q1 EPS by 6c

Acxiom Corp (NASDAQ: ACXM) reported Q1 EPS of $0.13, $0.06 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $242.2 million versus the consensus estimate of $246.26 million. Acxiom Corp reaffirmed FY2014 guidance.

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.

For earnings history and earnings-related data on Acxiom Corp (ACXM) click here.

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