(Source: Datamonitor)
Customer analytics vendor Acxiom has reported net loss of $11.44m for the third quarter 2009, compared to net income of $55m in the year-ago quarter, on revenue down 8% at $321.05m. It attributed the loss to more than $43m in restructuring costs.
It made an operating loss for the quarter of $8.59m compared to profit of $97.38m in the same period last year, while the diluted net loss per share was $0.15 compared to diluted EPS of $0.69. Operating cash flow was $78.9m compared to $122.3m a year ago. It repurchased approximately 142,500 shares of Acxiom common stock for $1m.
The company said information services revenue fell 5% to $231.07m, while information product revenue fell 15% to $89.97m.
During the quarter, the company also completed the acquisition of New York-based Quinetix, provider of analytics and predictive modeling for large and medium-size businesses in the retail banking, hospitality, media, and other industries, for $2.7m.
For fiscal 2009 the company expects revenue between $1.28 billion and $1.3 billion and diluted EPS between $0.73 and $0.75.
A service of YellowBrix, Inc.
