Continued Focus on Return of Capital to Shareholders
Company Website:
http://www.acxiom.com/
LITTLE ROCK, Ark. -- (Business Wire)
Acxiom®
Corporation (Nasdaq: ACXM), a recognized leader in marketing
services and technology, today announced that the company’s Board of
Directors has increased the size of its authorized repurchase plan from
$150 million to $200 million. Since inception of the program in August
2011, the company has repurchased 9.9 million shares for approximately
$131 million resulting in the repurchase of approximately 12 percent of
its outstanding shares.
“We remain optimistic about the outlook for our ongoing investment
strategy,” said Acxiom CEO Scott Howe. “While we are significantly
investing in our future, we are also pleased in our ability to maintain
a strong financial profile allowing us to continue to return capital to
our shareholders.”
The company is authorized to repurchase shares from time to time over
the next 12 months in open market or privately negotiated transactions
depending on prevailing market conditions and other factors. The
repurchase program may be suspended or discontinued at any time.
About Acxiom
Acxiom is a recognized leader in marketing services and technology that
enable marketers to successfully manage audiences, personalize consumer
experiences and create profitable customer relationships. Our superior
industry-focused, consultative approach combines consumer data and
analytics, databases, data integration and consulting solutions for
personalized, multichannel marketing strategies. Acxiom leverages over
40 years of experience in data management to deliver high-performance,
highly secure, reliable information management services. Founded in
1969, Acxiom is headquartered in Little Rock, Arkansas, USA, and serves
clients around the world from locations in the United States, Europe,
Asia-Pacific and South America. For more information about Acxiom, visit Acxiom.com.
Forward Looking Statements
This release may contain forward-looking statements including, without
limitation, statements regarding our share repurchase program. Such
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially. The
following are factors, among others, that could cause actual results to
differ materially from these forward-looking statements: the possibility
that certain contracts may not generate the anticipated revenue or
profitability or may not be closed within the anticipated time frames;
the possibility that significant customers may experience extreme,
severe economic difficulty or otherwise reduce the amount of business
they do 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 data suppliers might withdraw data
from us, leading to our inability to provide certain products and
services to our clients, which could lead to decreases in our operating
results; the possibility that we may not be able to attract, retain or
motivate qualified technical, sales and leadership associates, or that
we may lose key associates; the possibility that we may not be able to
adequately adapt to rapidly changing computing environments,
technologies and marketing practices; the possibility that we will not
be able to continue to receive credit upon satisfactory terms and
conditions; the possibility that negative changes in economic conditions
in general or other conditions might lead to a reduction in demand for
our products and services; the possibility that there will be changes in
consumer or business information industries and markets that negatively
impact the company; the possibility that the historical seasonality of
our business may change; the possibility that we will not be able to
achieve cost reductions and avoid unanticipated costs; 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 unusual charges may be incurred; the possibility that
changes in accounting pronouncements may occur and may impact these
forward-looking statements; the possibility that we may encounter
difficulties when entering new markets or industries; the possibility
that we could experience loss of data center capacity or interruption of
telecommunication links; the possibility that new laws may be enacted
which limit our ability to provide services to our clients and/or which
limit the use of data; and other risks and uncertainties, including
those detailed from time to time in our periodic reports filed with the
Securities and Exchange Commission, including our current reports on
Form 8-K, quarterly reports on Form 10-Q and annual reports on Form
10-K, particularly the discussion under the caption “Item 1A, RISK
FACTORS” in our Annual Report on Form 10-K for the year ended March 31,
2012, which was filed with the Securities and Exchange Commission on May
25, 2012.
With respect to the provision of products or services outside our
primary base of operations in the United States, all of the above
factors apply, along with the difficulty of doing business in numerous
sovereign jurisdictions due to differences in scale, competition,
culture, laws and regulations.
We undertake no obligation to update the information contained in this
press release or any other forward-looking statement.
Acxiom is a registered trademark of Acxiom Corporation.
Contacts:
Acxiom Corporation
Investor Relations:
Katharine Boyce,
501-342-1321
investor.relations@acxiom.com
EACXM
Source: Acxiom Corporation