Acxiom Corp. (ACXM), Wednesday said its profit for the second-quarter decreased from the previous year quarter, on a significant decline in revenues.
Acxiom, an infrastructure management company, recorded net income of $9.445 million compared to $15.853 million last year. Earnings per share decreased to $0.12 from $0.20 a year ago.
On average, three analysts polled by Thomson Reuters expected the company to record a profit of $0.11 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue decreased to $271.105 million from $328.935 million last year. Analysts expected revenue of $258.27 million for the quarter.
Income from operations for the second quarter was $21.2 million, a decline from $34.3 million last year, which included unusual gain items of $2.4 million.
The company recorded earnings per share of $0.17 for the current year six-month period compared to earnings per share of $0.31 in the comparable six-month period last year, before the effect of unusual gain items. Including charges, earnings for the six-month period of fiscal 2009 were $0.34 per share which included $0.03 in unusual gain items.
Acxiom recorded revenue of $527.1 million in the current six-month period, compared to $616.2 million, excluding an Information Products pass-through contract, in the first half of fiscal 2009. Including charges revenue in the prior period was $660.0 million, which included pass-through revenue from the Information Products contract of approximately $43.8 million.
ACXM closed Wednesday's regular trading at $9.65 down $0.20 or 2.03% on a volume of 0.795 million shares on the Nasdaq.
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