Acxiom Corp., Little Rock, AR, generated $1.33 billion in revenue during fiscal 2006, up from $1.22 billion in fiscal 2005. But the Little Rock, AR-based data firm’s net earnings fell from $69.7 million a year ago to $64.1 million. The year ended March 31.
Most of the drop in income is attributable to higher interest expenses in 2006 than in 2005, although within Acxiom’s services operations operating costs were slightly higher than they were a year ago.
Breaking out Acxiom’s results by sector, its services operations pulled in $1.01 billion, up from $889.7 million a year ago, while its data operations generated $320 million, down from $333.4 million in 2005. Operating costs within these segments were $778.5 million in the services division, up from $697.3 million a year ago. In its data division, operating costs fell to $202 million from $208.4 million a year ago.
During the year, Acxiom acquired Digital Impact, a digital marketing firm, and Insight America, an analytics and background-screening company.
Acxiom also announced that Frank Cotroneo joined the company on May 15. Cotroneo will serve as chief financial officer, and will be responsible for all finance and accounting, investor relations, treasury and corporate finance activities. Cotroneo had previously been CFO for H&R Block and MasterCard International. Rodger Kline, a member of Acxiom’s board who had served as acting CFO, will continue to hold his position on Acxiom’s board, and will also keep his position as chief administrative leader.
