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Acxiom Corporation (NASDAQ:ACXM) reported its results for the third quarter. Net income for Acxiom Corporation fell to $7.9 million (10 cents per share) vs. $20.8 million (25 cents per share) a year earlier. This is a decline of 61.9% from the year earlier quarter. Revenue fell 2.4% to $280.9 million from the year earlier quarter. ACXM reported adjusted net income of 22 cents per share. By that measure, the company beat the mean estimate of 20 cents per share. It fell short of the average revenue estimate of $307.2 million.
“We are pleased with our recent progress, notably our improved cash flow and earnings, but we still have much more to accomplish,” said Acxiom Chief Executive Officer and President Scott Howe. “We have realigned and strengthened our management team, established a clear strategy and improved our operating visibility. Looking ahead, we have started the process of investing in new data analytics and product capabilities and must also seek to increase top line Marketing and Data Services growth. In addition, the team will also be focusing on improving the financial performance of our non-U.S. operations.”
Competitors to Watch: TeleTech Holdings, Inc. (NASDAQ:TTEC), CSG Systems Intl., Inc. (NASDAQ:CSGS), Teradata Corporation (NYSE:TDC), Convergys Corporation (NYSE:CVG), EMC Corporation (NYSE:EMC), Intl. Business Machines Corp. (NYSE:IBM), RightNow Technologies (NASDAQ:RNOW), Computer Sciences Corp. (NYSE:CSC), Syntel, Inc. (NASDAQ:SYNT), and Edgewater Technology Inc. (NASDAQ:EDGW).
W.R. Berkley Corporation (NYSE:WRB) reported its results for the fourth quarter. Net income for the property and casualty insurance company fell to $117.9 million (82 cents per share) vs. $126.9 million (85 cents per share) a year earlier. This is a decline of 7% from the year earlier quarter. Revenue Fell 11.4% to $1.09 billion from the year earlier quarter. WRB reported adjusted net income of 58 cents per share. By that measure, the company beat the mean estimate of 48 cents per share. It fell short of the average revenue estimate of $1.21 billion.
William R. Berkley, chairman and chief executive officer, said: “We are pleased with our results for the quarter, but more importantly, with how we have positioned our company for the period ahead. Premiums written for our core business are beginning to grow again, and the newer units are growing at an increasing pace. Average renewal rates were up 4.2% during the quarter with the upward pricing trend accelerating. Our operating units’ priority is to remain focused on price.”
Competitors to Watch: White Mountains Insurance Group, Ltd. (NYSE:WTM), American Financial Group (NYSE:AFG), The Travelers Companies, Inc. (NYSE:TRV), First Mercury Financial Corp. (NYSE:FMR), Global Indemnity plc (NASDAQ:GBLI), OneBeacon Insurance Group, Ltd. (NYSE:OB), Markel Corporation (NYSE:MKL), Arch Capital Group Ltd. (NASDAQ:ACGL), and CNA Financial Corporation (NYSE:CNA).
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