Acxiom Corp. saw its third quarter net income rise to $15 million, up from $14.5 million one year ago. Revenues also climbed higher to $277.87 million during the quarter, an improvement from $273.1 million in the previous year.
The Little Rock-based data marketer – which has been downsizing its workforce, realigning its internal operations, and expanding its client offerings – saw higher revenue in two of its three key segments.
• Marketing and Data Services revenue for the third quarter increased 6 percent to $207 million compared to $195 million for the third quarter of last year.
• IT Infrastructure Management revenue was $62 million in the recent quarter, down 11 percent as expected from $70 million in the same period last year.
• Revenue from other services for the third quarter was $9 million, up from $8 million in the comparable prior-year period.
“We are thrilled with the progress made since our release of the Acxiom Audience Operating System,” said Acxiom CEO Scott Howe. “After just four months since launch, we now have more than 30 customers that are implementing or testing one or more aspects of AOS.”
AOS, Audience Operating System, is a new technology for data marketing and insights that Acxiom has developed.
Acxiom’s stock (NASDAQ: ACXM) closed trading on Wednesday at $32.15 per share. The firm’s shares have traded between $16.43 and $38.71 during the past 52 weeks.