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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Acxiom Holdngs (delisted) | NASDAQ:ACXM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 48.48 | 48.34 | 51.50 | 0 | 01:00:00 |
[X]
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
[ ]
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
Large accelerated filer [X]
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Accelerated filer [ ]
|
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Non-accelerated filer [ ]
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Smaller reporting company [ ]
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(Do not check if a smaller reporting company)
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Emerging growth company [ ]
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|
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Page No.
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September 30,
2017 |
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March 31,
2017 |
||||
ASSETS
|
|
(Unaudited)
|
|
|
|
|||
Current assets:
|
|
|
|
|
|
|
||
Cash and cash equivalents
|
|
$
|
169,507
|
|
|
$
|
170,343
|
|
Trade accounts receivable, net
|
|
141,285
|
|
|
142,768
|
|
||
Refundable income taxes
|
|
9,718
|
|
|
7,098
|
|
||
Other current assets
|
|
47,394
|
|
|
48,310
|
|
||
Total current assets
|
|
367,904
|
|
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368,519
|
|
||
|
|
|
|
|
||||
Property and equipment, net of accumulated depreciation and amortization
|
|
151,055
|
|
|
155,974
|
|
||
Software, net of accumulated amortization
|
|
41,087
|
|
|
47,638
|
|
||
Goodwill
|
|
592,845
|
|
|
592,731
|
|
||
Purchased software licenses, net of accumulated amortization
|
|
6,765
|
|
|
7,972
|
|
||
Deferred income taxes
|
|
12,309
|
|
|
10,261
|
|
||
Other assets, net
|
|
44,807
|
|
|
51,443
|
|
||
|
|
$
|
1,216,772
|
|
|
$
|
1,234,538
|
|
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
||
Current liabilities:
|
|
|
|
|
|
|
||
Current installments of long-term debt
|
|
$
|
2,089
|
|
|
$
|
39,819
|
|
Trade accounts payable
|
|
46,966
|
|
|
40,208
|
|
||
Accrued payroll and related expenses
|
|
28,455
|
|
|
53,238
|
|
||
Other accrued expenses
|
|
57,914
|
|
|
59,861
|
|
||
Deferred revenue
|
|
29,411
|
|
|
37,087
|
|
||
Total current liabilities
|
|
164,835
|
|
|
230,213
|
|
||
|
|
|
|
|
||||
Long-term debt
|
|
228,045
|
|
|
189,241
|
|
||
Deferred income taxes
|
|
54,256
|
|
|
58,374
|
|
||
Other liabilities
|
|
16,540
|
|
|
17,730
|
|
||
Commitments and contingencies
|
|
|
|
|
|
|
||
Equity:
|
|
|
|
|
|
|
||
Common stock
|
|
13,478
|
|
|
13,288
|
|
||
Additional paid-in capital
|
|
1,197,083
|
|
|
1,154,429
|
|
||
Retained earnings
|
|
600,215
|
|
|
602,609
|
|
||
Accumulated other comprehensive income
|
|
9,410
|
|
|
7,999
|
|
||
Treasury stock, at cost
|
|
(1,067,090
|
)
|
|
(1,039,345
|
)
|
||
Total equity
|
|
753,096
|
|
|
738,980
|
|
||
|
|
$
|
1,216,772
|
|
|
$
|
1,234,538
|
|
|
|
For the three months ended
|
||||||
|
|
September 30,
|
||||||
|
|
2017
|
|
2016
|
||||
Revenues
|
|
$
|
225,240
|
|
|
$
|
217,267
|
|
Cost of revenue
|
|
115,072
|
|
|
120,105
|
|
||
Gross profit
|
|
110,168
|
|
|
97,162
|
|
||
Operating expenses:
|
|
|
|
|
||||
Research and development
|
|
24,013
|
|
|
19,029
|
|
||
Sales and marketing
|
|
50,118
|
|
|
37,847
|
|
||
General and administrative
|
|
31,924
|
|
|
32,866
|
|
||
Gains, losses and other items, net
|
|
3,660
|
|
|
300
|
|
||
Total operating expenses
|
|
109,715
|
|
|
90,042
|
|
||
Income from operations
|
|
453
|
|
|
7,120
|
|
||
Other income (expense):
|
|
|
|
|
||||
Interest expense
|
|
(2,524
|
)
|
|
(1,689
|
)
|
||
Other, net
|
|
192
|
|
|
(207
|
)
|
||
Total other expense
|
|
(2,332
|
)
|
|
(1,896
|
)
|
||
Income (loss) before income taxes
|
|
(1,879
|
)
|
|
5,224
|
|
||
Income taxes (benefit)
|
|
1,457
|
|
|
(1,916
|
)
|
||
Net earnings (loss)
|
|
$
|
(3,336
|
)
|
|
$
|
7,140
|
|
|
|
|
|
|
||||
Basic earnings (loss) per share
|
|
$
|
(0.04
|
)
|
|
$
|
0.09
|
|
|
|
|
|
|
||||
Diluted earnings (loss) per share
|
|
$
|
(0.04
|
)
|
|
$
|
0.09
|
|
|
|
For the six months ended
|
||||||
|
|
September 30,
|
||||||
|
|
2017
|
|
2016
|
||||
Revenues
|
|
$
|
437,754
|
|
|
$
|
432,068
|
|
Cost of revenue
|
|
229,032
|
|
|
242,924
|
|
||
Gross profit
|
|
208,722
|
|
|
189,144
|
|
||
Operating expenses:
|
|
|
|
|
||||
Research and development
|
|
47,576
|
|
|
37,681
|
|
||
Sales and marketing
|
|
98,558
|
|
|
75,195
|
|
||
General and administrative
|
|
64,280
|
|
|
60,372
|
|
||
Gains, losses and other items, net
|
|
3,562
|
|
|
614
|
|
||
Total operating expenses
|
|
213,976
|
|
|
173,862
|
|
||
Income (loss) from operations
|
|
(5,254
|
)
|
|
15,282
|
|
||
Other income (expense):
|
|
|
|
|
||||
Interest expense
|
|
(4,866
|
)
|
|
(3,501
|
)
|
||
Other, net
|
|
(480
|
)
|
|
100
|
|
||
Total other expense
|
|
(5,346
|
)
|
|
(3,401
|
)
|
||
Income (loss) before income taxes
|
|
(10,600
|
)
|
|
11,881
|
|
||
Income taxes (benefit)
|
|
(5,964
|
)
|
|
765
|
|
||
Net earnings (loss)
|
|
$
|
(4,636
|
)
|
|
$
|
11,116
|
|
|
|
|
|
|
||||
Basic earnings (loss) per share
|
|
$
|
(0.06
|
)
|
|
$
|
0.14
|
|
|
|
|
|
|
||||
Diluted earnings (loss) per share
|
|
$
|
(0.06
|
)
|
|
$
|
0.14
|
|
|
|
For the three months ended
|
||||||
|
|
September 30,
|
||||||
|
|
2017
|
|
2016
|
||||
Net earnings (loss)
|
|
$
|
(3,336
|
)
|
|
$
|
7,140
|
|
Other comprehensive income:
|
|
|
|
|
||||
Change in foreign currency translation adjustment
|
|
759
|
|
|
(65
|
)
|
||
Unrealized gain on interest rate swap
|
|
—
|
|
|
91
|
|
||
Other comprehensive income
|
|
759
|
|
|
26
|
|
||
Comprehensive income (loss)
|
|
$
|
(2,577
|
)
|
|
$
|
7,166
|
|
|
|
For the six months ended
|
||||||
|
|
September 30,
|
||||||
|
|
2017
|
|
2016
|
||||
Net earnings (loss)
|
|
$
|
(4,636
|
)
|
|
$
|
11,116
|
|
Other comprehensive income (loss):
|
|
|
|
|
||||
Change in foreign currency translation adjustment
|
|
1,411
|
|
|
(1,070
|
)
|
||
Unrealized gain on interest rate swap
|
|
—
|
|
|
96
|
|
||
Other comprehensive income (loss)
|
|
1,411
|
|
|
(974
|
)
|
||
Comprehensive income (loss)
|
|
$
|
(3,225
|
)
|
|
$
|
10,142
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
||||||||||||||
|
|
Common Stock
|
|
Additional
|
|
|
|
other
|
|
Treasury Stock
|
|
|
||||||||||||||||||
|
|
Number
|
|
|
|
paid-in
|
|
Retained
|
|
comprehensive
|
|
Number
|
|
|
|
Total
|
||||||||||||||
|
|
of shares
|
|
Amount
|
|
Capital
|
|
earnings
|
|
income
|
|
of shares
|
|
Amount
|
|
Equity
|
||||||||||||||
Balances at March 31, 2017
|
|
132,875,373
|
|
|
$
|
13,288
|
|
|
$
|
1,154,429
|
|
|
$
|
602,609
|
|
|
$
|
7,999
|
|
|
(54,582,392
|
)
|
|
$
|
(1,039,345
|
)
|
|
$
|
738,980
|
|
Cumulative-effect adjustment from adoption of ASU 2016-09
|
|
—
|
|
|
—
|
|
|
384
|
|
|
2,242
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
$
|
2,626
|
|
|||||
Employee stock awards, benefit plans and other issuances
|
|
596,881
|
|
|
60
|
|
|
11,604
|
|
|
—
|
|
|
—
|
|
|
(306,841
|
)
|
|
(7,969
|
)
|
|
$
|
3,695
|
|
|||||
Non-cash stock-based compensation
|
|
330,951
|
|
|
33
|
|
|
30,763
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
$
|
30,796
|
|
|||||
Restricted stock units vested
|
|
975,014
|
|
|
97
|
|
|
(97
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
$
|
—
|
|
|||||
Acquisition of treasury stock
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(860,000
|
)
|
|
(19,776
|
)
|
|
$
|
(19,776
|
)
|
|||||
Comprehensive income (loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Foreign currency translation
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,411
|
|
|
—
|
|
|
—
|
|
|
$
|
1,411
|
|
|||||
Net loss
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(4,636
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
$
|
(4,636
|
)
|
|||||
Balances at September 30, 2017
|
|
134,778,219
|
|
|
$
|
13,478
|
|
|
$
|
1,197,083
|
|
|
$
|
600,215
|
|
|
$
|
9,410
|
|
|
(55,749,233
|
)
|
|
$
|
(1,067,090
|
)
|
|
$
|
753,096
|
|
|
|
For the six months ended
|
||||||
|
|
September 30,
|
||||||
|
|
2017
|
|
2016
|
||||
Cash flows from operating activities:
|
|
|
|
|
||||
Net earnings (loss)
|
|
$
|
(4,636
|
)
|
|
$
|
11,116
|
|
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
|
|
|
|
|
|
|
||
Depreciation and amortization
|
|
42,519
|
|
|
41,150
|
|
||
Loss (gain) on disposal or impairment of assets
|
|
2,411
|
|
|
(629
|
)
|
||
Accelerated deferred debt costs
|
|
720
|
|
|
—
|
|
||
Deferred income taxes
|
|
(3,238
|
)
|
|
(6,539
|
)
|
||
Non-cash stock compensation expense
|
|
30,796
|
|
|
20,504
|
|
||
Changes in operating assets and liabilities:
|
|
|
|
|
|
|||
Accounts receivable, net
|
|
2,616
|
|
|
(1,564
|
)
|
||
Other assets
|
|
(3,548
|
)
|
|
3,679
|
|
||
Accounts payable and other liabilities
|
|
(26,842
|
)
|
|
(21,780
|
)
|
||
Deferred revenue
|
|
(8,037
|
)
|
|
(9,705
|
)
|
||
Net cash provided by operating activities
|
|
32,761
|
|
|
36,232
|
|
||
|
|
|
|
|
||||
Cash flows from investing activities:
|
|
|
|
|
|
|
||
Capitalized software development costs
|
|
(7,144
|
)
|
|
(7,875
|
)
|
||
Capital expenditures
|
|
(14,518
|
)
|
|
(20,539
|
)
|
||
Data acquisition costs
|
|
(423
|
)
|
|
(267
|
)
|
||
Net cash received from disposition
|
|
4,000
|
|
|
16,988
|
|
||
Net cash used in investing activities
|
|
(18,085
|
)
|
|
(11,693
|
)
|
||
|
|
|
|
|
||||
Cash flows from financing activities:
|
|
|
|
|
|
|
||
Proceeds from debt
|
|
230,000
|
|
|
—
|
|
||
Payments of debt
|
|
(226,150
|
)
|
|
(16,111
|
)
|
||
Fees for debt refinancing
|
|
(4,001
|
)
|
|
—
|
|
||
Sale of common stock, net of stock acquired for withholding taxes
|
|
3,695
|
|
|
7,300
|
|
||
Excess tax benefits from stock-based compensation
|
|
—
|
|
|
1,415
|
|
||
Acquisition of treasury stock
|
|
(19,776
|
)
|
|
(30,542
|
)
|
||
Net cash used in financing activities
|
|
(16,232
|
)
|
|
(37,938
|
)
|
||
|
|
|
|
|
||||
Effect of exchange rate changes on cash
|
|
720
|
|
|
(821
|
)
|
||
|
|
|
|
|
||||
Net change in cash and cash equivalents
|
|
(836
|
)
|
|
(14,220
|
)
|
||
Cash and cash equivalents at beginning of period
|
|
170,343
|
|
|
189,629
|
|
||
Cash and cash equivalents at end of period
|
|
$
|
169,507
|
|
|
$
|
175,409
|
|
|
|
|
|
|
|
|
For the six months ended
|
||||||
|
|
September 30,
|
||||||
|
|
2017
|
|
2016
|
||||
Supplemental cash flow information:
|
|
|
|
|
|
|
||
Cash paid during the period for:
|
|
|
|
|
|
|
||
Interest
|
|
$
|
4,762
|
|
|
$
|
3,962
|
|
Income taxes, net of refunds
|
|
824
|
|
|
197
|
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Basic earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
||||||
Net earnings (loss)
|
|
$
|
(3,336
|
)
|
|
$
|
7,140
|
|
|
$
|
(4,636
|
)
|
|
$
|
11,116
|
|
|
|
|
|
|
|
|
|
|
||||||||
Basic weighted-average shares outstanding
|
|
79,235
|
|
|
77,446
|
|
|
78,954
|
|
|
77,459
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic earnings (loss) per share
|
|
$
|
(0.04
|
)
|
|
$
|
0.09
|
|
|
$
|
(0.06
|
)
|
|
$
|
0.14
|
|
|
|
|
|
|
|
|
|
|
||||||||
Diluted earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic weighted-average shares outstanding
|
|
79,235
|
|
|
77,446
|
|
|
78,954
|
|
|
77,459
|
|
||||
Dilutive effect of common stock options, warrants, and restricted stock as computed under the treasury stock method
|
|
—
|
|
|
1,831
|
|
|
—
|
|
|
1,858
|
|
||||
Diluted weighted-average shares outstanding
|
|
79,235
|
|
|
79,277
|
|
|
78,954
|
|
|
79,317
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Diluted earnings (loss) per share
|
|
$
|
(0.04
|
)
|
|
$
|
0.09
|
|
|
$
|
(0.06
|
)
|
|
$
|
0.14
|
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||
|
|
September 30,
|
|
September 30,
|
||||||||
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||
Number of shares outstanding under options, warrants and restricted stock units
|
|
1,308
|
|
|
39
|
|
|
324
|
|
|
263
|
|
Range of exercise prices for options
|
|
$32.85
|
|
|
$20.27-$32.85
|
|
|
$32.85
|
|
|
$20.27-$32.85
|
|
|
|
|
|
|
|
Weighted-average
|
|
|
|||||
|
|
|
|
Weighted-average
|
|
remaining
|
|
Aggregate
|
|||||
|
|
Number of
|
|
exercise price
|
|
contractual term
|
|
Intrinsic value
|
|||||
|
|
shares
|
|
per share
|
|
(in years)
|
|
(in thousands)
|
|||||
Outstanding at March 31, 2017
|
|
3,033,071
|
|
|
$
|
13.14
|
|
|
|
|
|
||
Performance units converted to options
|
|
299,641
|
|
|
$
|
21.32
|
|
|
|
|
|
|
|
Exercised
|
|
(396,912
|
)
|
|
$
|
16.31
|
|
|
|
|
$
|
4,039
|
|
Forfeited or canceled
|
|
(63,540
|
)
|
|
$
|
20.20
|
|
|
|
|
|
|
|
Outstanding at September 30, 2017
|
|
2,872,260
|
|
|
$
|
13.40
|
|
|
6.1
|
|
$
|
32,439
|
|
Exercisable at September 30, 2017
|
|
2,174,071
|
|
|
$
|
13.65
|
|
|
5.4
|
|
$
|
24,016
|
|
|
|
|
|
|
|
Options outstanding
|
|
Options exercisable
|
||||||||||||||||
Range of
|
|
|
|
Weighted-average
|
|
Weighted-average
|
|
|
|
Weighted-average
|
||||||||||||||
exercise price
|
|
Options
|
|
remaining
|
|
exercise price
|
|
Options
|
|
exercise price
|
||||||||||||||
per share
|
|
outstanding
|
|
contractual life
|
|
per share
|
|
exercisable
|
|
per share
|
||||||||||||||
$
|
0.61
|
|
|
—
|
|
$
|
9.99
|
|
|
746,976
|
|
|
6.8 years
|
|
$
|
1.68
|
|
|
473,841
|
|
|
$
|
1.74
|
|
$
|
10.00
|
|
|
—
|
|
$
|
19.99
|
|
|
1,305,746
|
|
|
5.1 years
|
|
$
|
14.99
|
|
|
1,109,428
|
|
|
$
|
14.50
|
|
$
|
20.00
|
|
|
—
|
|
$
|
24.99
|
|
|
799,986
|
|
|
7.0 years
|
|
$
|
21.29
|
|
|
576,139
|
|
|
$
|
21.31
|
|
$
|
25.00
|
|
|
—
|
|
$
|
32.85
|
|
|
19,552
|
|
|
6.1 years
|
|
$
|
32.85
|
|
|
14,663
|
|
|
$
|
32.85
|
|
|
|
|
|
|
|
2,872,260
|
|
|
6.1 years
|
|
$
|
13.40
|
|
|
2,174,071
|
|
|
$
|
13.65
|
|
|
|
|
|
|
|
Weighted-average
|
|
|
||||||
|
|
|
|
Weighted-average
|
|
remaining
|
|
Aggregate
|
||||||
|
|
Number
|
|
exercise price
|
|
contractual term
|
|
intrinsic value
|
||||||
|
|
of shares
|
|
per share
|
|
(in years)
|
|
(in thousands)
|
||||||
Outstanding at March 31, 2017
|
|
555,123
|
|
|
$
|
21.41
|
|
|
|
|
|
|||
Performance units converted to options
|
|
(183,322
|
)
|
|
$
|
21.41
|
|
|
|
|
|
|||
Forfeited or canceled
|
|
(11,291
|
)
|
|
$
|
21.32
|
|
|
|
|
|
|||
Outstanding at September 30, 2017
|
|
360,510
|
|
|
$
|
21.41
|
|
|
2.1
|
|
|
$
|
1,168
|
|
Exercisable at September 30, 2017
|
|
—
|
|
|
$
|
—
|
|
|
—
|
|
|
$
|
—
|
|
|
|
|
|
|
|
Weighted-average
|
|
|
||||||
|
|
|
|
Weighted-average
|
|
remaining
|
|
Aggregate
|
||||||
|
|
Number
|
|
exercise price
|
|
contractual term
|
|
intrinsic value
|
||||||
|
|
of shares
|
|
per share
|
|
(in years)
|
|
(in thousands)
|
||||||
Outstanding at March 31, 2017
|
|
245,404
|
|
|
$
|
40.00
|
|
|
|
|
|
|||
Forfeited or canceled
|
|
(245,404
|
)
|
|
$
|
40.00
|
|
|
|
|
|
|||
Outstanding at September 30, 2017
|
|
—
|
|
|
$
|
—
|
|
|
—
|
|
|
$
|
—
|
|
|
|
|
|
Weighted-average
|
|
|
|||
|
|
|
|
fair value per
|
|
Weighted-average
|
|||
|
|
Number
|
|
share at grant
|
|
remaining contractual
|
|||
|
|
of shares
|
|
date
|
|
term (in years)
|
|||
Outstanding at March 31, 2017
|
|
3,307,577
|
|
|
$
|
22.57
|
|
|
2.45
|
Granted
|
|
1,424,678
|
|
|
$
|
26.09
|
|
|
|
Vested
|
|
(691,507
|
)
|
|
$
|
20.44
|
|
|
|
Forfeited or canceled
|
|
(196,056
|
)
|
|
$
|
22.51
|
|
|
|
Outstanding at September 30, 2017
|
|
3,844,692
|
|
|
$
|
24.26
|
|
|
2.59
|
|
|
|
|
Weighted-average
|
|
|
|||
|
|
|
|
fair value per
|
|
Weighted-average
|
|||
|
|
Number
|
|
share at grant
|
|
remaining contractual
|
|||
|
|
of shares
|
|
date
|
|
term (in years)
|
|||
Outstanding at March 31, 2017
|
|
732,711
|
|
|
$
|
20.89
|
|
|
1.13
|
Granted
|
|
421,918
|
|
|
$
|
26.70
|
|
|
|
Additional performance shares
|
|
94,775
|
|
|
$
|
19.46
|
|
|
|
Vested
|
|
(252,760
|
)
|
|
$
|
19.46
|
|
|
|
Forfeited or canceled
|
|
(13,498
|
)
|
|
$
|
18.91
|
|
|
|
Outstanding at September 30, 2017
|
|
983,146
|
|
|
$
|
23.64
|
|
|
1.62
|
|
|
|
|
Weighted-average
|
|
|
|||
|
|
|
|
fair value per
|
|
Weighted-average
|
|||
|
|
Number
|
|
share at grant
|
|
remaining contractual
|
|||
|
|
of shares
|
|
date
|
|
term (in years)
|
|||
Outstanding at March 31, 2017
|
|
597,193
|
|
|
$
|
4.14
|
|
|
0.30
|
Vested
|
|
(24,573
|
)
|
|
$
|
2.94
|
|
|
|
Forfeited or canceled
|
|
(461,509
|
)
|
|
$
|
3.92
|
|
|
|
Outstanding at September 30, 2017
|
|
111,111
|
|
|
$
|
5.33
|
|
|
0.50
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Revenues
|
|
$
|
—
|
|
|
$
|
8,056
|
|
|
$
|
—
|
|
|
$
|
20,375
|
|
Income from operations
|
|
$
|
—
|
|
|
$
|
249
|
|
|
$
|
—
|
|
|
$
|
120
|
|
|
|
September 30, 2017
|
|
March 31,
2017
|
||||
Prepaid expenses and other
|
|
$
|
27,995
|
|
|
$
|
25,714
|
|
Escrow deposit
|
|
5,880
|
|
|
5,880
|
|
||
Note receivable
|
|
—
|
|
|
4,000
|
|
||
Assets of non-qualified retirement plan
|
|
13,519
|
|
|
12,716
|
|
||
Other current assets
|
|
$
|
47,394
|
|
|
$
|
48,310
|
|
|
|
September 30, 2017
|
|
March 31,
2017
|
||||
Acquired intangible assets, net
|
|
$
|
38,735
|
|
|
$
|
43,884
|
|
Deferred data acquisition costs
|
|
988
|
|
|
1,116
|
|
||
Other miscellaneous noncurrent assets
|
|
5,084
|
|
|
6,443
|
|
||
Noncurrent assets
|
|
$
|
44,807
|
|
|
$
|
51,443
|
|
|
|
September 30, 2017
|
|
March 31,
2017
|
||||
Accrued purchase consideration
|
|
$
|
5,880
|
|
|
$
|
5,880
|
|
Liabilities of non-qualified retirement plan
|
|
13,519
|
|
|
12,716
|
|
||
Other accrued expenses
|
|
38,515
|
|
|
41,265
|
|
||
Other accrued expenses
|
|
$
|
57,914
|
|
|
$
|
59,861
|
|
|
|
Marketing
Services
|
|
Audience
Solutions
|
|
Connectivity
|
|
Total
|
||||||||
Balance at March 31, 2017
|
|
$
|
118,890
|
|
|
$
|
273,448
|
|
|
$
|
200,393
|
|
|
$
|
592,731
|
|
Arbor adjustment
|
|
—
|
|
|
—
|
|
|
(21
|
)
|
|
(21
|
)
|
||||
Change in foreign currency translation adjustment
|
|
94
|
|
|
—
|
|
|
41
|
|
|
135
|
|
||||
Balance at September 30, 2017
|
|
$
|
118,984
|
|
|
$
|
273,448
|
|
|
$
|
200,413
|
|
|
$
|
592,845
|
|
|
|
Marketing
Services |
|
Audience
Solutions |
|
Connectivity
|
|
Total
|
||||||||
U.S.
|
|
$
|
110,910
|
|
|
$
|
273,448
|
|
|
$
|
196,812
|
|
|
$
|
581,170
|
|
APAC
|
|
8,074
|
|
|
—
|
|
|
3,601
|
|
|
11,675
|
|
||||
Balance at September 30, 2017
|
|
$
|
118,984
|
|
|
$
|
273,448
|
|
|
$
|
200,413
|
|
|
$
|
592,845
|
|
|
|
September 30, 2017
|
|
March 31,
2017
|
||||
Term loan credit agreement
|
|
$
|
—
|
|
|
$
|
155,000
|
|
Revolving credit borrowings
|
|
230,000
|
|
|
70,000
|
|
||
Other debt
|
|
4,463
|
|
|
5,612
|
|
||
Total long-term debt
|
|
234,463
|
|
|
230,612
|
|
||
|
|
|
|
|
||||
Less current installments
|
|
2,089
|
|
|
39,819
|
|
||
Less deferred debt financing costs
|
|
4,329
|
|
|
1,552
|
|
||
Long-term debt, excluding current installments and deferred debt financing costs
|
|
$
|
228,045
|
|
|
$
|
189,241
|
|
•
|
Research and development expenses are primarily directly recorded to each segment group based on identified products supported.
|
•
|
Sales and marketing expenses are primarily directly recorded to each segment group based on products supported and sold.
|
•
|
General and administrative expenses are generally not allocated to the segments unless directly attributable.
|
•
|
Gains, losses and other items, net are not allocated to the segment groups.
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Revenues:
|
|
|
|
|
|
|
|
|
||||||||
Marketing Services
|
|
$
|
94,042
|
|
|
$
|
105,679
|
|
|
$
|
185,636
|
|
|
$
|
215,394
|
|
Audience Solutions
|
|
78,814
|
|
|
78,526
|
|
|
154,548
|
|
|
152,270
|
|
||||
Connectivity
|
|
52,384
|
|
|
33,062
|
|
|
97,570
|
|
|
64,404
|
|
||||
Total segment revenues
|
|
$
|
225,240
|
|
|
$
|
217,267
|
|
|
$
|
437,754
|
|
|
$
|
432,068
|
|
|
|
|
|
|
|
|
|
|
||||||||
Gross profit
(1)
:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Marketing Services
|
|
$
|
34,320
|
|
|
$
|
34,480
|
|
|
$
|
65,678
|
|
|
$
|
71,946
|
|
Audience Solutions
|
|
48,321
|
|
|
47,998
|
|
|
95,531
|
|
|
89,910
|
|
||||
Connectivity
|
|
35,292
|
|
|
19,843
|
|
|
62,817
|
|
|
37,418
|
|
||||
Total segment gross profit
|
|
$
|
117,933
|
|
|
$
|
102,321
|
|
|
$
|
224,026
|
|
|
$
|
199,274
|
|
|
|
|
|
|
|
|
|
|
||||||||
Income from operations
(1)
:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Marketing Services
|
|
$
|
21,874
|
|
|
$
|
19,837
|
|
|
$
|
41,658
|
|
|
$
|
39,982
|
|
Audience Solutions
|
|
29,497
|
|
|
29,972
|
|
|
58,039
|
|
|
55,068
|
|
||||
Connectivity
|
|
5,715
|
|
|
1,663
|
|
|
5,667
|
|
|
1,954
|
|
||||
Total segment income from operations
|
|
$
|
57,086
|
|
|
$
|
51,472
|
|
|
$
|
105,364
|
|
|
$
|
97,004
|
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Total segment gross profit
|
|
$
|
117,933
|
|
|
$
|
102,321
|
|
|
$
|
224,026
|
|
|
$
|
199,274
|
|
|
|
|
|
|
|
|
|
|
||||||||
Less:
|
|
|
|
|
|
|
|
|
||||||||
Purchased intangible asset amortization
|
|
6,021
|
|
|
3,890
|
|
|
11,987
|
|
|
7,967
|
|
||||
Non-cash stock compensation
|
|
1,744
|
|
|
1,269
|
|
|
3,317
|
|
|
2,163
|
|
||||
Gross profit
|
|
$
|
110,168
|
|
|
$
|
97,162
|
|
|
$
|
208,722
|
|
|
$
|
189,144
|
|
|
|
|
|
|
|
|
|
|
||||||||
Total segment income from operations
|
|
$
|
57,086
|
|
|
$
|
51,472
|
|
|
$
|
105,364
|
|
|
$
|
97,004
|
|
|
|
|
|
|
|
|
|
|
||||||||
Less:
|
|
|
|
|
|
|
|
|
||||||||
Corporate expenses (principally general and administrative)
|
|
25,753
|
|
|
26,769
|
|
|
51,720
|
|
|
51,158
|
|
||||
Separation and transformation costs included in general and administrative
|
|
5,442
|
|
|
1,455
|
|
|
12,561
|
|
|
1,455
|
|
||||
Gains, losses and other items, net
|
|
3,660
|
|
|
300
|
|
|
3,562
|
|
|
614
|
|
||||
Purchased intangible asset amortization
|
|
6,021
|
|
|
3,890
|
|
|
11,987
|
|
|
7,967
|
|
||||
Non-cash stock compensation
|
|
15,757
|
|
|
11,938
|
|
|
30,788
|
|
|
20,528
|
|
||||
Income (loss) from operations
|
|
$
|
453
|
|
|
$
|
7,120
|
|
|
$
|
(5,254
|
)
|
|
$
|
15,282
|
|
|
|
Associate-related
reserves |
|
Lease
accruals |
|
Total
|
||||||
March 31, 2017
|
|
$
|
2,400
|
|
|
$
|
4,308
|
|
|
$
|
6,708
|
|
Restructuring charges and adjustments
|
|
1,495
|
|
|
2,067
|
|
|
3,562
|
|
|||
Payments
|
|
(2,586
|
)
|
|
(681
|
)
|
|
(3,267
|
)
|
|||
September 30, 2017
|
|
$
|
1,309
|
|
|
$
|
5,694
|
|
|
$
|
7,003
|
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Restructuring plan charges and adjustments
|
|
$
|
3,660
|
|
|
$
|
929
|
|
|
$
|
3,562
|
|
|
$
|
1,208
|
|
Gain on disposition of Impact email business
|
|
—
|
|
|
(629
|
)
|
|
—
|
|
|
(629
|
)
|
||||
Other
|
|
—
|
|
|
—
|
|
|
—
|
|
|
35
|
|
||||
|
|
$
|
3,660
|
|
|
$
|
300
|
|
|
$
|
3,562
|
|
|
$
|
614
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
Assets:
|
|
|
|
|
|
|
|
|
||||||||
Other current assets
|
|
$
|
13,519
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
13,519
|
|
Total assets
|
|
$
|
13,519
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
13,519
|
|
Targeting
|
Personalization
|
Measurement
|
|
|
|
Example
|
Example
|
Example
|
Clients can upload known data from first-, second-, and third-party data sources, resolve it to an omnichannel privacy-safe link with IdentityLink, then onboard to one of 550+ LiveRamp partners to deploy targeted ads to known customers.
|
Clients can deliver highly relevant content the moment viewers visit their website landing page, no login required. Leveraging IdentityLink, clients can resolve customer segment data to devices and digital IDs, onboard that data to a personalization platform and provide one-to-one experiences without compromising user privacy.
|
Clients can connect exposure data with first- and third-party purchase data across channels by resolving all customer devices back to the customers to which they belong. Then, clients can onboard that data to a measurement platform to clearly establish cause, effect and impact.
|
•
|
IdentityLink for Brands and Agencies.
IdentityLink allows brands and their agencies to execute people-based marketing by creating an omnichannel understanding of the consumer and activating that understanding across their choice of best-of-breed digital marketing platforms.
|
•
|
IdentityLink for Marketing Technology Providers.
IdentityLink provides marketing technology providers with the ability to offer people-based targeting, measurement and personalization within their platforms. This adds value for brands by increasing reach, as well as the speed at which they can activate their marketing data.
|
•
|
IdentityLink for Data Owners.
IdentityLink allows data owners to easily connect their data to the digital ecosystem and better monetize it. Data can be distributed directly to clients or made available through the
IdentityLink Data Store
feature. This adds value for brands as it allows them to augment their understanding of consumers, and increase both their reach to and understanding of customers and prospects.
|
•
|
IdentityLink for Publishers.
IdentityLink allows publishers to offer people-based marketing on their properties. This adds value for brands by providing direct access to their customers and prospects in the publisher’s premium inventory.
|
•
|
InfoBase.
With more than 1,500 demographic, socio-economic and lifestyle data elements and several thousand predictive models, our InfoBase products provide marketers with the ability to identify and reach the right audience with the right message across both traditional and digital channels. Through partnerships with over 100 online publishers and digital marketing platforms, including Facebook, Google, Twitter, 4INFO, AOL, eBay and MSN, marketers can use InfoBase data to create and target specific audiences. Data can be accessed directly or through the Acxiom Audience Cloud, a web-based, self-service tool that makes it easy to build and distribute third-party custom data segments.
|
•
|
AbiliTec.
As shown in the illustration below, AbiliTec helps brands recognize individuals and households using a number of different input variables and connects identities online and offline.
|
•
|
Marketing Database Services.
Our Marketing Database offering provides solutions that unify consumer data across an enterprise, enabling clients to execute relevant, people-based marketing and activate data across the marketing ecosystem. Our consumer marketing databases, which we design, build, and manage for our clients, make it possible for our clients to collect and analyze information from all sources, thereby increasing customer acquisition, retention, and loyalty. Through our growing partner network, clients are able to integrate their data with best-of-breed marketing solutions while respecting and protecting consumer privacy.
|
•
|
Strategy and Analytics
. Our Strategy and Analytics offering consists of marketing strategists and data scientists who leverage industry knowledge and advanced analytics to assist our clients with identifying growth opportunities, addressing marketing data and technology needs, and adopting best practices. In addition, we help our clients identify and address their data privacy and governance requirements.
|
•
|
Impact Email Platform and Services.
Until the August 2016 disposition, Acxiom Impact™ provided email and cross-channel data-driven marketing solutions for enterprise marketers, including a proprietary marketing platform and agency services.
|
•
|
Revenues were $225.2 million, a 3.7% increase from $217.3 million in the same quarter a year ago.
|
•
|
Cost of revenue was $115.1 million, a 4.2% decrease from $120.1 million in the same quarter a year ago.
|
•
|
Gross margin increased to 48.9% from 44.7% in the same quarter a year ago.
|
•
|
Total operating expenses were $109.7 million, a 21.8% increase from $90.0 million in the same quarter a year ago.
|
•
|
Cost of revenue and operating expenses for the quarters ended September 30, 2017 and 2016 include the following items:
|
◦
|
Non-cash stock compensation of $15.8 million and $11.9 million, respectively (cost of revenue and operating expenses)
|
◦
|
Purchased intangible asset amortization of $6.0 million and $3.9 million, respectively (cost of revenue)
|
◦
|
Separation and transformation costs of $5.4 million and $1.5 million, respectively (operating expenses)
|
◦
|
Restructuring charges and other adjustments of $3.7 million and $0.3 million, respectively (operating expenses)
|
•
|
Net loss was $3.3 million or $.04 per share compared to net earnings of $7.1 million or $.09 per share in the same quarter a year ago.
|
•
|
Net cash provided by operating activities of $27.8 million, a $7.7 million decrease compared to $35.5 million in fiscal 2016.
|
•
|
The Company repurchased 0.9 million shares of its common stock for $19.8 million under the Company's common stock repurchase program.
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||||||||
|
|
|
|
|
|
%
|
|
|
|
|
|
%
|
||||||||||
|
|
2017
|
|
2016
|
|
Change
|
|
2017
|
|
2016
|
|
Change
|
||||||||||
Revenues
|
|
$
|
225,240
|
|
|
$
|
217,267
|
|
|
4
|
|
|
$
|
437,754
|
|
|
$
|
432,068
|
|
|
1
|
|
Cost of revenue
|
|
115,072
|
|
|
120,105
|
|
|
(4
|
)
|
|
229,032
|
|
|
242,924
|
|
|
(6
|
)
|
||||
Gross profit
|
|
110,168
|
|
|
97,162
|
|
|
13
|
|
|
208,722
|
|
|
189,144
|
|
|
10
|
|
||||
Total operating expenses
|
|
109,715
|
|
|
90,042
|
|
|
22
|
|
|
213,976
|
|
|
173,862
|
|
|
23
|
|
||||
Income (loss) from operations
|
|
453
|
|
|
7,120
|
|
|
(94
|
)
|
|
(5,254
|
)
|
|
15,282
|
|
|
(134
|
)
|
||||
Net earnings (loss)
|
|
(3,336
|
)
|
|
7,140
|
|
|
(147
|
)
|
|
(4,636
|
)
|
|
11,116
|
|
|
(142
|
)
|
||||
Diluted earnings (loss) per share
|
|
$
|
(0.04
|
)
|
|
$
|
0.09
|
|
|
(147
|
)
|
|
$
|
(0.06
|
)
|
|
$
|
0.14
|
|
|
(143
|
)
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||||||||
|
|
|
|
|
|
%
|
|
|
|
|
|
%
|
||||||||||
Revenues
|
|
2017
|
|
2016
|
|
Change
|
|
2017
|
|
2016
|
|
Change
|
||||||||||
Marketing Services
|
|
$
|
94,042
|
|
|
$
|
105,679
|
|
|
(11
|
)
|
|
$
|
185,636
|
|
|
$
|
215,394
|
|
|
(14
|
)
|
Audience Solutions
|
|
78,814
|
|
|
78,526
|
|
|
—
|
|
|
154,548
|
|
|
152,270
|
|
|
1
|
|
||||
Connectivity
|
|
52,384
|
|
|
33,062
|
|
|
58
|
|
|
97,570
|
|
|
64,404
|
|
|
51
|
|
||||
Total revenues
|
|
$
|
225,240
|
|
|
$
|
217,267
|
|
|
4
|
|
|
$
|
437,754
|
|
|
$
|
432,068
|
|
|
1
|
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||||||||
|
|
|
|
|
|
%
|
|
|
|
|
|
%
|
||||||||||
|
|
2017
|
|
2016
|
|
Change
|
|
2017
|
|
2016
|
|
Change
|
||||||||||
Cost of revenue
|
|
$
|
115,072
|
|
|
$
|
120,105
|
|
|
(4
|
)
|
|
$
|
229,032
|
|
|
$
|
242,924
|
|
|
(6
|
)
|
Gross profit
|
|
$
|
110,168
|
|
|
$
|
97,162
|
|
|
13
|
|
|
$
|
208,722
|
|
|
$
|
189,144
|
|
|
10
|
|
Gross margin %
|
|
48.9
|
|
|
44.7
|
|
|
9
|
|
|
47.7
|
|
|
43.8
|
|
|
9
|
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||||||||
|
|
|
|
|
|
%
|
|
|
|
|
|
%
|
||||||||||
Operating expenses
|
|
2017
|
|
2016
|
|
Change
|
|
2017
|
|
2016
|
|
Change
|
||||||||||
Research and development
|
|
$
|
24,013
|
|
|
$
|
19,029
|
|
|
26
|
|
|
$
|
47,576
|
|
|
$
|
37,681
|
|
|
26
|
|
Sales and marketing
|
|
50,118
|
|
|
37,847
|
|
|
32
|
|
|
98,558
|
|
|
75,195
|
|
|
31
|
|
||||
General and administrative
|
|
31,924
|
|
|
32,866
|
|
|
(3
|
)
|
|
64,280
|
|
|
60,372
|
|
|
6
|
|
||||
Gains, losses and other items, net
|
|
3,660
|
|
|
300
|
|
|
1,120
|
|
|
3,562
|
|
|
614
|
|
|
480
|
|
||||
Total operating expenses
|
|
$
|
109,715
|
|
|
$
|
90,042
|
|
|
22
|
|
|
$
|
213,976
|
|
|
$
|
173,862
|
|
|
23
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended
|
|
For the six months ended
|
||||||||||||
|
|
September 30,
|
|
September 30,
|
||||||||||||
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Operating income (loss) and margin:
|
|
|
|
|
|
|
|
|
||||||||
Marketing Services
|
|
$
|
21,874
|
|
|
$
|
19,837
|
|
|
$
|
41,658
|
|
|
$
|
39,982
|
|
|
|
23.3
|
%
|
|
18.8
|
%
|
|
22.4
|
%
|
|
18.6
|
%
|
||||
Audience Solutions
|
|
29,497
|
|
|
29,972
|
|
|
58,039
|
|
|
55,068
|
|
||||
|
|
37.4
|
%
|
|
38.2
|
%
|
|
37.6
|
%
|
|
36.2
|
%
|
||||
Connectivity
|
|
5,715
|
|
|
1,663
|
|
|
5,667
|
|
|
1,954
|
|
||||
|
|
10.9
|
%
|
|
5.0
|
%
|
|
5.8
|
%
|
|
3.0
|
%
|
||||
Less:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Corporate expenses
|
|
25,753
|
|
|
26,769
|
|
|
51,720
|
|
|
51,158
|
|
||||
Purchased intangible asset amortization
|
|
6,021
|
|
|
3,890
|
|
|
11,987
|
|
|
7,967
|
|
||||
Non-cash stock compensation
|
|
15,757
|
|
|
11,938
|
|
|
30,788
|
|
|
20,528
|
|
||||
Restructuring charges
|
|
3,660
|
|
|
300
|
|
|
3,562
|
|
|
614
|
|
||||
Separation and transformation costs
|
|
5,442
|
|
|
1,455
|
|
|
12,561
|
|
|
1,455
|
|
||||
Income (loss) from operations
|
|
$
|
453
|
|
|
$
|
7,120
|
|
|
$
|
(5,254
|
)
|
|
$
|
15,282
|
|
Total operating margin
|
|
0.2
|
%
|
|
3.3
|
%
|
|
(1.2
|
)%
|
|
3.5
|
%
|
|
|
September 30,
2017
|
|
March 31,
2017
|
||||
Numerator – trade accounts receivable, net
|
|
$
|
141,285
|
|
|
$
|
142,768
|
|
Denominator:
|
|
|
|
|
|
|
||
Quarter revenue
|
|
225,240
|
|
|
224,867
|
|
||
Number of days in quarter
|
|
92
|
|
|
90
|
|
||
Average daily revenue
|
|
$
|
2,448
|
|
|
$
|
2,499
|
|
Days sales outstanding
|
|
58
|
|
|
57
|
|
|
|
For the years ending March 31,
|
||||||||||||||||||||||||||
|
|
2018
|
|
2019
|
|
2020
|
|
2021
|
|
2022
|
|
Thereafter
|
|
Total
|
||||||||||||||
Revolving credit borrowings
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
230,000
|
|
|
$
|
230,000
|
|
Other debt
|
|
1,170
|
|
|
1,583
|
|
|
1,362
|
|
|
348
|
|
|
—
|
|
|
—
|
|
|
4,463
|
|
|||||||
Total long-term debt
|
|
1,170
|
|
|
1,583
|
|
|
1,362
|
|
|
348
|
|
|
—
|
|
|
230,000
|
|
|
234,463
|
|
|||||||
Operating leases
|
|
10,239
|
|
|
19,152
|
|
|
14,530
|
|
|
14,156
|
|
|
13,823
|
|
|
17,373
|
|
|
89,273
|
|
|||||||
Total contractual cash obligations
|
|
$
|
11,409
|
|
|
$
|
20,735
|
|
|
$
|
15,892
|
|
|
$
|
14,504
|
|
|
$
|
13,823
|
|
|
$
|
247,373
|
|
|
$
|
323,736
|
|
|
|
For the years ending March 31,
|
||||||||||||||||||||||||||
|
|
2018
|
|
2019
|
|
2020
|
|
2021
|
|
2022
|
|
Thereafter
|
|
Total
|
||||||||||||||
Total purchase commitments
|
|
$
|
23,826
|
|
|
$
|
19,981
|
|
|
$
|
15,521
|
|
|
$
|
7,787
|
|
|
$
|
834
|
|
|
$
|
—
|
|
|
$
|
67,949
|
|
Lease guarantees
|
$
|
2,404
|
|
Surety bonds
|
$
|
405
|
|
•
|
management’s expectations about the macro economy;
|
•
|
statements containing a projection of revenues, income (loss), earnings (loss) per share, capital expenditures, dividends, capital structure, or other financial items;
|
•
|
statements of the plans and objectives of management for future operations, including, but not limited to, those statements contained under the heading “Acxiom’s Growth Strategy” in Part I, Item 1 of the Company's 2017 Annual Report on Form 10-K;
|
•
|
statements of future economic performance, including, but not limited to, those statements contained in Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's 2017 Annual Report on Form 10-K;
|
•
|
statements containing any assumptions underlying or relating to any of the above statements; and
|
•
|
statements containing a projection or estimate.
|
•
|
the risk factors described in Part I, “Item 1A. Risk Factors” included in the Company's 2017 Annual Report and those described from time to time in our future reports filed with the SEC;
|
•
|
the possibility that, in the event a change of control of the Company is sought, certain clients may attempt to invoke provisions in their contracts allowing for termination upon a change in control, which may result in a decline in revenue and profit;
|
•
|
the possibility that the integration of acquired businesses may not be as successful as planned;
|
•
|
the possibility that the fair value of certain of our assets may not be equal to the carrying value of those assets now or in future time periods;
|
•
|
the possibility that sales cycles may lengthen;
|
•
|
the possibility that we will not be able to properly motivate our sales force or other associates;
|
•
|
the possibility that we may not be able to attract and retain qualified technical and leadership associates, or that we may lose key associates to other organizations;
|
•
|
the possibility that we will not be able to continue to receive credit upon satisfactory terms and conditions;
|
•
|
the possibility that competent, competitive products, technologies or services will be introduced into the marketplace by other companies;
|
•
|
the possibility that there will be changes in consumer or business information industries and markets that negatively impact the Company;
|
•
|
the possibility that we will not be able to protect proprietary information and technology or to obtain necessary licenses on commercially reasonable terms;
|
•
|
the possibility that there will be changes in the legislative, accounting, regulatory and consumer environments affecting our business, including but not limited to litigation, legislation, regulations and customs impairing our ability to collect, manage, aggregate and use data;
|
•
|
the possibility that data suppliers might withdraw data from us, leading to our inability to provide certain products and services;
|
•
|
the possibility that data purchasers will reduce their reliance on us by developing and using their own, or alternative, sources of data generally or with respect to certain data elements or categories;
|
•
|
the possibility that we may enter into short-term contracts which would affect the predictability of our revenues;
|
•
|
the possibility that the amount of ad hoc, volume-based and project work will not be as expected;
|
•
|
the possibility that we may experience a loss of data center capacity or interruption of telecommunication links or power sources;
|
•
|
the possibility that we may experience failures or breaches of our network and data security systems, leading to potential adverse publicity, negative customer reaction, or liability to third parties;
|
•
|
the possibility that our clients may cancel or modify their agreements with us;
|
•
|
the possibility that we will not successfully complete customer contract requirements on time or meet the service levels specified in the contracts, which may result in contract penalties or lost revenue;
|
•
|
the possibility that we may experience processing errors that result in credits to customers, re-performance of services or payment of damages to customers; and
|
•
|
general and global negative economic conditions.
|
|
|
|
|
|
|
|
|
Maximum Number (or Approximate
|
||||
|
|
Total Number
|
|
Average Price
|
|
Total Number of Shares
|
|
Dollar Value) of Shares that May Yet
|
||||
|
|
of Shares
|
|
Paid
|
|
Purchased as Part of Publicly
|
|
Be Purchased Under the
|
||||
Period
|
|
Purchased
|
|
Per Share
|
|
Announced Plans or Programs
|
|
Plans or Programs
|
||||
July 2017
|
|
—
|
|
|
n/a
|
|
—
|
|
|
$
|
114,250,978
|
|
August 2017
|
|
600,000
|
|
|
22.77
|
|
600,000
|
|
|
100,590,458
|
|
|
September 2017
|
|
260,000
|
|
|
23.52
|
|
260,000
|
|
|
94,474,907
|
|
|
Total
|
|
860,000
|
|
|
23.00
|
|
860,000
|
|
|
$
|
94,474,907
|
|
10.1
|
|
|
|
|
|
|
|
10.2
|
|
|
|
|
|
|
|
31.1
|
|
|
|
|
|
|
|
31.2
|
|
|
|
|
|
|
|
32.1
|
|
|
|
|
|
|
|
32.2
|
|
|
|
|
|
|
|
101
|
|
|
The following financial information from our Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, formatted in XBRL: (i) Condensed Consolidated Balance Sheets at September 30, 2017, and March 31, 2017, (ii) Condensed Consolidated Statements of Operations for the Three Months ended September 30, 2017 and 2016, (iii) Condensed Consolidated Statements of Operations for the Six Months ended September 30, 2017 and 2016, (iv)Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months ended September 30, 2017 and 2016, (v) Condensed Consolidated Statements of Comprehensive Income (Loss) for the Six Months ended September 30, 2017 and 2016, (vi) Condensed Consolidated Statement of Equity for the Six Months ended September 30, 2017, (vii) Condensed Consolidated Statements of Cash Flows for the Six Months ended September 30, 2017 and 2016, and (vi) the Notes to Condensed Consolidated Financial Statements, tagged in detail.
|
|
|
|
|
Acxiom Corporation
|
|
|
|
|
|
|
|
Dated: November 3, 2017
|
|
|
|
|
|
|
By:
|
/s/ Warren C. Jenson
|
|
|
(Signature)
|
|
|
Warren C. Jenson
|
|
|
Chief Financial Officer & Executive Vice President
|
|
|
(principal financial and accounting officer)
|
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