Acxiom revenues rise in strong second-quarter results

by Daniel Farey-Jones, Brand Republic 02-Nov-06, 07:30

LONDON - Acxiom's second-quarter revenues have grown by 5.4% year on year to $348.3m (£183.4m), while profits have surged.

The company's operating profit during the quarter, which ran from July to September, was $41.9m.

Last year Acxiom's operating profit was $18.8m after the impact of restructuring charges of $15.8m. Excluding the impact of those charges, operating profit has risen 21%.

Charles Morgan, company leader and chairman, said: "I believe we are well positioned for a successful second half of the fiscal year.

"The improvement in our earnings and margins -- assisted by reduced computer expenses as a percentage of revenue -- shows the increasing strength of our business and the results of our initiatives to improve operational efficiencies."

Acxiom has recently secured new business from Procter & Gamble and E*Trade Financial Corporation.

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