Acxiom (ACXM) Reports In-Line Q4 EPS, Miss on Revenues; Offers FY18 Guidance

Acxiom (NASDAQ: ACXM) reported Q4 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $225 million versus the consensus estimate of $222.36 million.

GUIDANCE:

Acxiom sees FY2018 EPS of $0.80, versus the consensus of $0.83. Acxiom sees FY2018 revenue of $945 million, versus the consensus of $944.65 million.

Financial Outlook

Acxiom’s non-GAAP guidance excludes the impact of non-cash compensation, purchased intangible asset amortization, restructuring charges and separation costs.

For fiscal 2018, Acxiom expects to report:

• Revenue of approximately $945 million, an increase of 7% year-over-year. This represents an increase of 10% year-over-year after adjusting for the Acxiom Impact divestiture.
• GAAP diluted loss per share of approximately $0.09
• Non-GAAP diluted earnings per share of approximately $0.80, an increase of 13% year-over-year

Fourth Quarter Financial Highlights

• Revenue: Total revenue was $225 million or flat compared to the fourth quarter of last year. Strong growth in Connectivity and Audience Solutions was offset by revenue declines associated with the second quarter divestiture of Acxiom Impact.
• Operating Income (Loss): GAAP operating loss from continuing operations was $9 million compared to a loss of $8 million in the prior year. Non-GAAP operating income from continuing operations improved 5% to approximately $21 million.
• Earnings (Loss) per Share: GAAP diluted loss per share from continuing operations was $0.10 compared to a loss per share of $0.02 in the prior year. Non-GAAP diluted earnings per share from continuing operations were $0.15 compared to $0.18 a year ago.
• Operating Cash Flow: Operating cash flow from continuing operations was $31 million, down from $43 million in the prior year.
• Free Cash Flow to Equity: Free cash flow to equity improved to $26 million, up from $17 million in the prior year driven by proceeds from the sale of real estate assets.

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

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