Acxiom reports $11.5m quarterly loss

LONDON - Acxiom has reported a net loss of $11.5m (拢5.6m) in its first financial quarter, due to the impact of costs relating to its pending takeover by Silver Lake and ValueAct Capital and an asset write-down.

In the same quarter last year Acxiom reported net profits of $17.8m, but it was dragged down this year by $20.6m of exceptional expenses.

They included $15.5m of costs related to the transaction with Silver Lake and ValueAct, and $5.5m predominantly related to the write-off of certain long-term assets related to an amended contract with an IT outsourcing client.

First quarter revenues were $338.2m, a year-on-year increase of 0.4%.

The $3bn takeover of the company by Silver Lake and ValueAct is on track after last the two-month period for alternative bidders to top their recommended offer expired.

Charles Morgan, company leader of Acxiom and chairman of the board, said: "We remain focused on operating results while we advance the acquisition process with Silver Lake and ValueAct Capital."