	UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549

	FORM 8‑K

	CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

	Date of report (Date of earliest event reported): November 7, 2016

	ACXIOM CORPORATION (Exact Name of Registrant as Specified in Its Charter)

	DELAWARE (State or Other Jurisdiction of Incorporation)
0-13163		71-0581897
(Commission File Number)		(IRS Employer Identification No.)

P.O. Box 8190, 601 E. Third Street, Little Rock, Arkansas		72203-8190
(Address of Principal Executive Offices)		(Zip Code)

501-342-1000
(Registrant's Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2—Financial Information

Item 2.02 Results of Operations and Financial Condition

On November 7, 2016, Acxiom Corporation (the "Company") issued a press release announcing the results of its financial performance for its second quarter ended September 30, 2016. The Company will hold a conference call at 4:00 p.m. CT today to discuss this information further. Interested parties are invited to listen to the call, which will be broadcast via the Internet at www.acxiom.com. The press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein.

Section 9—Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Number		Description
99.1		Press Release of the Company dated November 7, 2016

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 7, 2016

ACXIOM CORPORATION

By: /s/ Jerry C. Jones

Name: Jerry C. Jones

Title:

Chief Ethics and Legal Officer & Executive Vice President

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press Release of the Company dated November 7, 2016

For more information, contact:

Lauren Dillard
Investor Relations
(650) 372-2242
investor.relations@acxiom.com

EACXM

ACXIOM ANNOUNCES SECOND QUARTER RESULTS

Total Revenue Increases 5% Driving Strong Earnings Growth

LiveRamp Launches IdentityLink to Power People-Based Marketing for the Ecosystem

LITTLE ROCK, Ark. – November 7, 2016 Acxiom® (Nasdaq: ACXM), the data foundation for the world's best marketers, today announced financial results for its second quarter ended September 30, 2016.

Financial Highlights

·	Revenue: Total revenue was $217 million, up 5% compared to the second quarter of last year, driven by growth in Connectivity and Audience Solutions.

·	Operating Income (Loss): GAAP operating income from continuing operations was $7 million compared to a loss of $2 million in the prior year. Non-GAAP operating income from continuing operations improved 34% to approximately $25 million.

·	Earnings (Loss) per Share: GAAP diluted earnings per share from continuing operations were $0.09 compared to a loss per share of $0.02 in the prior year. Non-GAAP diluted earnings per share from continuing operations were $0.18, up from $0.14 a year ago.

·	Operating Cash Flow: Operating cash flow from continuing operations improved to $35 million, up from $21 million in the prior year. For the trailing twelve-month period, operating cash flow from continuing operations was $117 million, up from $96 million in the comparable period.

·	Free Cash Flow to Equity: Free cash flow to equity improved to $30 million, up from negative $1 million in the prior year. For the trailing twelve-month period, free cash flow to equity was $39 million, up from negative $2 million in the comparable period.

Segment Results

Marketing Services

·	Revenue was $106 million, down 6% compared to the second quarter of last year. Marketing Database and Strategy & Analytics revenue grew 1% year-over-year, but was more than offset by the sale of Acxiom Impact.

·	Gross margin remained roughly flat at 33%.

·	Segment income was $20 million, up 11% compared to the prior year.

Audience Solutions

·	Revenue was $79 million, up 9% compared to the prior year.

·	Gross margin improved from 54% to 61%.

·	Segment income was $30 million, up 19% compared to the prior year.

Connectivity

·	Revenue was $33 million, up 49% compared to the second quarter of last year. Connectivity exited the quarter with a $135 million annualized revenue run rate.

·	Gross margin declined slightly to 60%.

·	Segment income was $2 million compared to a loss of $1 million in the prior year.

A detailed discussion of our non-GAAP financial measures and a reconciliation between GAAP and non-GAAP results is provided in the schedules to this press release.

"Solid second quarter performance was driven by continued strong global execution across each of our businesses," said Acxiom CEO Scott Howe. "In addition, we are very excited by the launch of LiveRamp^TM IdentityLink^TM to power people-based marketing for the open ecosystem. Identity resolution is key to understanding the customer journey and delivering superior customer experiences. LiveRamp is creating the foundation which will enable true omnichannel marketing."

Recent Business Highlights

·	Acxiom completed the sale of its Impact email business to Zeta Interactive on August 31, 2016 and plans to use the sale proceeds to help fund its recently expanded share repurchase program.

·	LiveRamp launched IdentityLink, its new omnichannel resolution service. IdentityLink builds on the Company's existing identity resolution capabilities to help brands create a unified view of the consumer and activate that understanding across the marketing ecosystem.

·	Connectivity added more than 40 new direct customers during the quarter and added over 50 new partner integrations. Marketers can now onboard and activate their data across a growing network of more than 400 marketing platforms and data providers.

·	Audience Solutions entered into a Premier Partnership with Adobe, enabling Acxiom and Adobe Marketing Cloud clients to access Acxiom data via Adobe's Audience Marketplace with even greater ease to drive more accurate marketing campaigns.

·	Acxiom repurchased 390,000 shares for approximately $10 million during the quarter. Since the inception of its share repurchase program in August 2011, Acxiom has repurchased 16.8 million shares for $286 million.

Financial Outlook

Acxiom's non-GAAP guidance excludes the impact of non-cash compensation, purchased intangible asset amortization, restructuring charges and separation and transformation costs.

For fiscal 2017, Acxiom expects to report:

·	Revenue in the range of $860 million to $870 million

·	GAAP diluted earnings per share of approximately $0.12

·	Non-GAAP diluted earnings per share of approximately $0.60

Included in the Company's revenue guidance is approximately $20 million of revenue from its disposed Acxiom Impact business.

Conference Call

Acxiom will hold a conference call at 4:00 p.m. CT today to further discuss this information. Interested parties are invited to listen to the call which will be broadcast via the Internet at investors.acxiom.com. A slide presentation will be referenced during the call and can be accessed here.

About Acxiom

Acxiom is a technology and services company that provides the data foundation for the world's best marketers. We enable people-based marketing everywhere through a simple, open approach to connecting systems and data that drives seamless customer experiences and higher ROI. A leader in identity and the ethical use of data for more than 45 years, Acxiom helps thousands of clients and partners around the globe work together to create a world where all marketing is relevant. For more information about Acxiom, visit Acxiom.com.

Forward-Looking Statements

This release and today's conference call contains forward-looking statements including, without limitation, statements regarding expected levels of revenue and earnings per share. 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 the expected revenue from the divisions may not be realized within the expected timeframe; 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 or cancel 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; 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 anticipated 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 current and 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, 2016, which was filed with the Securities and Exchange Commission on May 27, 2016.

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.

To automatically receive Acxiom Corporation financial news by email, please visit www.acxiom.com and subscribe to email alerts.


ACXIOM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except earnings (loss) per share)


	For the Three Months Ended
	September 30,
							$				%
	2016			2015			Variance			Variance

Revenues		217,267			207,345			9,922			4.8	%

Cost of revenue		120,105			121,312			(1,207	)		(1.0	%)
Gross profit		97,162			86,033			11,129			12.9	%
% Gross margin		44.7	%		41.5	%

Operating expenses:
Research and development		19,029			19,078			(49	)		(0.3	%)
Sales and marketing		37,847			34,259			3,588			10.5	%
General and administrative		32,866			31,519			1,347			4.3	%
Impairment of goodwill and other		-			729			(729	)		(100.0	%)
Gains, losses and other items, net		300			2,504			(2,204	)		(88.0	%)
Total operating expenses		90,042			88,089			1,953			2.2	%

Income (loss) from operations		7,120			(2,056	)		9,176			446.3	%
% Margin		3.3	%		-1.0	%
Other income (expense):
Interest expense		(1,689	)		(1,956	)		267			13.7	%
Other, net		(207	)		59			(266	)		(450.8	%)
Total other expense		(1,896	)		(1,897	)		1			0.1	%

Earnings (loss) from continuing operations before income taxes		5,224			(3,953	)		9,177			232.2	%

Income taxes		(1,916	)		(2,608	)		692			26.5	%

Net earnings (loss) from continuing operations		7,140			(1,345	)		8,485			630.9	%

Earnings from discontinued operations, net of tax		-			12,068			(12,068	)		(100.0	%)

Net earnings		7,140			10,723			(3,583	)		(33.4	%)

Basic earnings (loss) per share:
Net earnings (loss) from continuing operations		0.09			(0.02	)		0.11			634.4	%
Net earnings from discontinued operations		-			0.15			(0.15	)		(100.0	%)
Net earnings		0.09			0.14			(0.05	)		(33.0	%)

Diluted earnings (loss) per share:
Net earnings (loss) from continuing operations		0.09			(0.02	)		0.11			622.0	%
Net earnings from discontinued operations		-			0.15			(0.15	)		(100.0	%)
Net earnings		0.09			0.14			(0.05	)		(34.5	%)

Basic weighted average shares		77,446			77,960

Diluted weighted average shares		79,277			77,960

Some earnings per share amounts may not add due to rounding

ACXIOM CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except earnings (loss) per share)

For the Six Months Ended

Research and development

General and administrative

Impairment of goodwill and other

Gains, losses and other items, net

Total operating expenses

Income (loss) from operations

Other income (expense):

Earnings (loss) from continuing operations before income taxes

Net earnings (loss) from continuing operations

Earnings from discontinued operations, net of tax

Basic earnings (loss) per share:

Net earnings (loss) from continuing operations

Net earnings from discontinued operations

Diluted earnings (loss) per share:

Net earnings (loss) from continuing operations

Net earnings from discontinued operations

Basic weighted average shares

Diluted weighted average shares

Some earnings per share amounts may not add due to rounding

ACXIOM CORPORATION AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP EPS (1)

(Dollars in thousands, except earnings (loss) per share)

For the Three Months Ended

For the Six Months Ended

Earnings (loss) from continuing operations before income taxes

Net earnings (loss) from continuing operations

Earnings from discontinued operations, net of tax

Purchased intangible asset amortization (cost of revenue)

Non-cash stock compensation (cost of revenue and operating expenses)

Impairment of goodwill and other

Restructuring charges (gains, losses, and other)

Gain on sale of Impact (gains, losses, and other)

Separation and transformation costs (general and administrative)

Accelerated amortization (cost of revenue)

Total excluded items, continuing operations

Earnings from continuing operations before income taxes

Non-GAAP net earnings

Non-GAAP earnings per share:

Basic weighted average shares

Diluted weighted average shares

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitue for comparable GAAP measures,

and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the

adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures,

please see Appendix A.

(2) Income taxes were calculated using an effective non-GAAP tax rate of 39.1% and 31.2% in the second quarter of fiscal 2017 and 2016, respectively, and 39.5% and 36.4%

for the six months ended September 30, 2016 and 2015, respectively. The differences between our GAAP and non-GAAP tax rates were primarily due to the net tax effects

of the excluded items, including the federal and state income tax benefit related to the sale of Impact.

ACXIOM CORPORATION AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP INCOME (LOSS) FROM OPERATIONS (1)

(Dollars in thousands)

For the Three Months Ended

For the Six Months Ended

Income (loss) from operations

Purchased intangible asset amortization (cost of revenue)

Non-cash stock compensation (cost of revenue and operating expenses)

Impairment of goodwill and other

Restructuring charges (gains, losses, and other)

Gain on sale of Impact (gains, losses, and other)

Separation and transformation costs (general and administrative)

Accelerated amortization (cost of revenue)

Total excluded items, continuing operations

Income from operations before excluded items

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitue for comparable GAAP measures,

and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the

adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures,

please see Appendix A.

ACXIOM CORPORATION AND SUBSIDIARIES

(Dollars in thousands)

For the Three Months Ended

Total operating segment revenues

Total operating segment gross profit

Total operating segment gross margin

Income (loss) from operations

Total operating segment income from operations

Operating income (loss) margin %

Total operating segment operating margin

ACXIOM CORPORATION AND SUBSIDIARIES

(Dollars in thousands)

For the Six Months Ended

Total operating segment revenues

Total operating segment gross profit

Total operating segment gross margin

Income (loss) from operations

Total operating segment income from operations

Operating income (loss) margin %

Total operating segment operating margin

ACXIOM CORPORATION AND SUBSIDIARIES

RECONCILIATION OF SEGMENT RESULTS

(Dollars in thousands)

For the Three Months Ended

For the Six Months Ended

Total operating segment gross profit

Purchased intangible asset amortization

Non-cash stock compensation

Accelerated amortization

Total operating segment income from operations

Purchased intangible asset amortization

Non-cash stock compensation

Impairment of goodwill and other

Restructuring charges

Gain on sale of Impact

Separation and transformation costs

Accelerated amortization

Income (loss) from operations

ACXIOM CORPORATION AND SUBSIDIARIES

RECONCILIATION OF ADJUSTED EBITDA (1)

(Dollars in thousands)

For the Three Months Ended

For the Six Months Ended

Net earnings (loss) from continuing operations

Income (loss) from operations

Depreciation and amortization

Deferred interest amortization

Adjusted depreciation and amortization

Non-cash stock compensation (cost of revenue and operating expenses)

Impairment of goodwill and other

Gains, losses, and other items, net

Separation and transformation costs (general and administrative)

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a

substitute for comparable GAAP measures, and should be read only in conjunction with our condensed consolidated financial

statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP

measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on

the usefulness of these measures, please see Appendix A.

ACXIOM CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in thousands)

Cash and cash equivalents

Trade accounts receivable, net

Refundable income taxes

Other current assets

Total current assets

Property and equipment

Less - accumulated depreciation and amortization

Property and equipment, net

Software, net of accumulated amortization

Purchased software licenses, net of accumulated amortization

Deferred income taxes

Liabilities and Stockholders' Equity

Current liabilities:

Current installments of long-term debt

Trade accounts payable

Accrued payroll and related expenses

Other accrued expenses

Total current liabilities

Deferred income taxes

Stockholders' equity:

Additional paid-in capital

Accumulated other comprehensive income

Treasury stock, at cost

Total stockholders' equity

ACXIOM CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

For the Three Months Ended

Cash flows from operating activities:

Earnings from discontinued operations, net of tax

Non-cash operating activities:

Depreciation and amortization

Loss (gain) on disposal or impairment of assets

Impairment of goodwill and other

Deferred income taxes

Non-cash stock compensation expense

Changes in operating assets and liabilities:

Accounts payable and other liabilities

Net cash provided by operating activities

Cash flows from investing activities:

Capitalized software

Capital expenditures

Data acquisition costs

Net cash received in disposition

Net cash provided by (used in) investing activities

Cash flows from financing activities:

Sale of common stock, net of stock acquired for withholding taxes

Excess tax benefits from share-based compensation

Acquisition of treasury stock

Net cash used in financing activities

Cash flows from discontinued operations:

From operating activities

From investing activities

From financing activities

Net cash provided by discontinued operations

Effect of exchange rate changes on cash

Net change in cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

Supplemental cash flow information:

Cash paid during the period for:

Payments on capital leases and installment payment arrangements

Other debt payments, excluding line of credit

ACXIOM CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

For the Six Months Ended

Cash flows from operating activities:

Earnings from discontinued operations, net of tax

Non-cash operating activities:

Depreciation and amortization

Loss (gain) on disposal or impairment of assets

Impairment of goodwill and other

Deferred income taxes

Non-cash stock compensation expense

Changes in operating assets and liabilities:

Accounts payable and other liabilities


ACXIOM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except earnings (loss) per share)


	For the Six Months Ended
	September 30,
							$				%
	2016			2015			Variance			Variance

Revenues		432,068			404,240			27,828			6.9	%

Cost of revenue		242,924			239,021			3,903			1.6	%
Gross profit		189,144			165,219			23,925			14.5	%
% Gross margin		43.8	%		40.9	%

Operating expenses:
Research and development		37,681			39,089			(1,408	)		(3.6	%)
Sales and marketing		75,195			63,753			11,442			17.9	%
General and administrative		60,372			63,262			(2,890	)		(4.6	%)
Impairment of goodwill and other		-			729			(729	)		(100.0	%)
Gains, losses and other items, net		614			3,311			(2,697	)		(81.5	%)
Total operating expenses		173,862			170,144			3,718			2.2	%

Income (loss) from operations		15,282			(4,925	)		20,207			410.3	%
% Margin		3.5	%		-1.2	%
Other income (expense):
Interest expense		(3,501	)		(3,841	)		340			8.9	%
Other, net		100			363			(263	)		(72.5	%)
Total other expense		(3,401	)		(3,478	)		77			2.2	%

Earnings (loss) from continuing operations before income taxes		11,881			(8,403	)		20,284			241.4	%

Income taxes		765			(1,876	)		2,641			140.8	%

Net earnings (loss) from continuing operations		11,116			(6,527	)		17,643			270.3	%

Earnings from discontinued operations, net of tax		-			16,211			(16,211	)		(100.0	%)

Net earnings		11,116			9,684			1,432			14.8	%

Basic earnings (loss) per share:
Net earnings (loss) from continuing operations		0.14			(0.08	)		0.23			271.4	%
Net earnings from discontinued operations		-			0.21			(0.21	)		(100.0	%)
Net earnings		0.14			0.12			0.02			15.5	%

Diluted earnings (loss) per share:
Net earnings (loss) from continuing operations		0.14			(0.08	)		0.22			267.3	%
Net earnings from discontinued operations		-			0.21			(0.21	)		(100.0	%)
Net earnings		0.14			0.12			0.02			12.8	%

Basic weighted average shares		77,459			77,939

Diluted weighted average shares		79,317			77,939

Some earnings per share amounts may not add due to rounding


ACXIOM CORPORATION AND SUBSIDIARIES
RESULTS BY SEGMENT
(Unaudited)
(Dollars in thousands)


	For the Three Months Ended
	September 30,
							$				%
	2016			2015			Variance			Variance

Revenues
Marketing Services		105,679			112,979			(7,300	)		(6.5	%)
Audience Solutions		78,526			72,122			6,404			8.9	%
Connectivity		33,062			22,244			10,818			48.6	%
Total operating segment revenues		217,267			207,345			9,922			4.8	%

Gross profit
Marketing Services		34,480			37,545			(3,065	)		(8.2	%)
Audience Solutions		47,998			39,170			8,828			22.5	%
Connectivity		19,843			13,499			6,344			47.0	%
Total operating segment gross profit		102,321			90,214			12,107			13.4	%

Gross margin %
Marketing Services		32.6	%		33.2	%
Audience Solutions		61.1	%		54.3	%
Connectivity		60.0	%		60.7	%
Total operating segment gross margin		47.1	%		43.5	%

Income (loss) from operations
Marketing Services		19,837			17,908			1,929			10.8	%
Audience Solutions		29,972			25,190			4,782			19.0	%
Connectivity		1,663			(1,068	)		2,731			255.7	%
Total operating segment income from operations		51,472			42,030			9,442			22.5	%

Operating income (loss) margin %
Marketing Services		18.8	%		15.9	%
Audience Solutions		38.2	%		34.9	%
Connectivity		5.0	%		-4.8	%
Total operating segment operating margin		23.7	%		20.3	%


ACXIOM CORPORATION AND SUBSIDIARIES
RESULTS BY SEGMENT
(Unaudited)
(Dollars in thousands)


	For the Six Months Ended
	September 30,
							$				%
	2016			2015			Variance			Variance

Revenues
Marketing Services		215,394			220,705			(5,311	)		(2.4	%)
Audience Solutions		152,270			140,672			11,598			8.2	%
Connectivity		64,404			42,863			21,541			50.3	%
Total operating segment revenues		432,068			404,240			27,828			6.9	%

Gross profit
Marketing Services		71,946			73,579			(1,633	)		(2.2	%)
Audience Solutions		89,910			75,994			13,916			18.3	%
Connectivity		37,418			25,452			11,966			47.0	%
Total operating segment gross profit		199,274			175,025			24,249			13.9	%

Gross margin %
Marketing Services		33.4	%		33.3	%
Audience Solutions		59.0	%		54.0	%
Connectivity		58.1	%		59.4	%
Total operating segment gross margin		46.1	%		43.3	%

Income (loss) from operations
Marketing Services		39,982			34,761			5,221			15.0	%
Audience Solutions		55,068			49,277			5,791			11.8	%
Connectivity		1,954			(1,859	)		3,813			205.1	%
Total operating segment income from operations		97,004			82,179			14,825			18.0	%

Operating income (loss) margin %
Marketing Services		18.6	%		15.7	%
Audience Solutions		36.2	%		35.0	%
Connectivity		3.0	%		-4.3	%
Total operating segment operating margin		22.5	%		20.3	%


ACXIOM CORPORATION AND SUBSIDIARIES
RECONCILIATION OF SEGMENT RESULTS
(Unaudited)
(Dollars in thousands)

	For the Three Months Ended						For the Six Months Ended
	September 30,						September 30,

	2016			2015			2016			2015

Total operating segment gross profit		102,321			90,214			199,274			175,025

Less:
Purchased intangible asset amortization		3,890			3,754			7,967			7,508
Non-cash stock compensation		1,269			349			2,163			778
Accelerated amortization		-			78			-			1,520

Gross profit		97,162			86,033			189,144			165,219


Total operating segment income from operations		51,472			42,030			97,004			82,179

Less:
Corporate expenses		26,769			23,563			51,158			49,041
Purchased intangible asset amortization		3,890			3,754			7,967			7,508
Non-cash stock compensation		11,938			7,360			20,528			15,483
Impairment of goodwill and other		-			729			-			729
Restructuring charges		929			2,504			1,243			3,311
Gain on sale of Impact		(629	)		-			(629	)		-
Separation and transformation costs		1,455			6,098			1,455			9,512
Accelerated amortization		-			78			-			1,520

Income (loss) from operations		7,120			(2,056	)		15,282			(4,925	)


ACXIOM CORPORATION AND SUBSIDIARIES
RECONCILIATION OF ADJUSTED EBITDA (1)
(Unaudited)
(Dollars in thousands)

	For the Three Months Ended						For the Six Months Ended
	September 30,						September 30,
	2016			2015			2016			2015


Net earnings (loss) from continuing operations		7,140			(1,345	)		11,116			(6,527	)

Income taxes		(1,916	)		(2,608	)		765			(1,876	)

Other expense		(1,896	)		(1,897	)		(3,401	)		(3,478	)

Income (loss) from operations		7,120			(2,056	)		15,282			(4,925	)

Depreciation and amortization		20,360			20,635			41,150			42,410
Less:
Deferred interest amortization		-			333			-			589
Adjusted depreciation and amortization		20,360			20,302			41,150			41,821

EBITDA		27,480			18,246			56,432			36,896


Other adjustments:
Non-cash stock compensation (cost of revenue and operating expenses)		11,938			7,360			20,528			15,483
Impairment of goodwill and other		-			729			-			729
Gains, losses, and other items, net		300			2,504			614			3,311
Separation and transformation costs (general and administrative)		1,455			6,098			1,455			9,512

Other adjustments		13,693			16,691			22,597			29,035

Adjusted EBITDA		41,173			34,937			79,029			65,931

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.


ACXIOM CORPORATION AND SUBSIDIARIES
CALCULATION OF FREE CASH FLOW TO EQUITY (1)
(Unaudited)
(Dollars in thousands)


	06/30/15			09/30/15			12/31/15			03/31/16			FY2016			06/30/16			09/30/16			YTD FY2017

Net Cash Provided by Operating Activities		11,997			21,357			37,018			43,270			113,642			750			35,482			36,232

Less (plus):
Capitalized software		(2,797	)		(3,936	)		(3,627	)		(4,520	)		(14,880	)		(3,982	)		(3,893	)		(7,875	)
Capital expenditures		(12,876	)		(10,244	)		(10,702	)		(13,601	)		(47,423	)		(10,694	)		(9,845	)		(20,539	)
Data acquisition costs		(430	)		(281	)		(424	)		(418	)		(1,553	)		(20	)		(247	)		(267	)
Payments on capital leases and installment payment arrangements		(63	)		-			-			-			(63	)		-			-			-
Other required debt payments		(8,036	)		(8,039	)		(8,045	)		(8,048	)		(32,168	)		(8,053	)		(8,058	)		(16,111	)
Net cash received in disposition		-			-			-			-			-			-			16,988			16,988

Free Cash Flow to Equity		(12,205	)		(1,143	)		14,220			16,683			17,555			(21,999	)		30,427			8,428

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.


ACXIOM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS-GAAP
(Unaudited)
(Dollars in thousands, except earnings (loss) per share)

																									Q2 FY17 to Q2 FY16
	06/30/15			09/30/15			12/31/15			03/31/16			FY2016			06/30/16			09/30/16			YTD FY2017			%			$
Revenues		196,895			207,345			221,193			224,655			850,088			214,801			217,267			432,068			4.8	%	9,922

Cost of revenue		117,709			121,312			125,735			123,626			488,382			122,819			120,105			242,924			-1.0	%	(1,207	)
Gross profit		79,186			86,033			95,458			101,029			361,706			91,982			97,162			189,144			12.9	%	11,129
% Gross margin		40.2	%		41.5	%		43.2	%		45.0	%		42.5	%		42.8	%		44.7	%		43.8	%

Operating expenses
Research and development		20,011			19,078			18,400			16,758			74,247			18,652			19,029			37,681			-0.3	%	(49	)
Sales and marketing		29,494			34,259			36,581			45,842			146,176			37,348			37,847			75,195			10.5	%	3,588
General and administrative		31,743			31,519			36,793			35,330			135,385			27,506			32,866			60,372			4.3	%	1,347
Impairment of goodwill and other		-			729			-			6,100			6,829			-			-			-			-100.0	%	(729	)
Gains, losses and other items, net		807			2,504			4,058			4,763			12,132			314			300			614			-88.0	%	(2,204	)
Total operating expenses		82,055			88,089			95,832			108,793			374,769			83,820			90,042			173,862			2.2	%	1,953

Income (loss) from operations		(2,869	)		(2,056	)		(374	)		(7,764	)		(13,063	)		8,162			7,120			15,282			446.3	%	9,176
% Margin		-1.5	%		-1.0	%		-0.2	%		-3.5	%		-1.5	%		3.8	%		3.3	%		3.5	%
Other income (expense)
Interest expense		(1,885	)		(1,956	)		(1,948	)		(1,880	)		(7,669	)		(1,812	)		(1,689	)		(3,501	)		13.7	%	267
Other, net		304			59			303			(214	)		452			307			(207	)		100			-450.8	%	(266	)
Total other expense		(1,581	)		(1,897	)		(1,645	)		(2,094	)		(7,217	)		(1,505	)		(1,896	)		(3,401	)		0.1	%	1

Earnings (loss) from continuing operations before income taxes		(4,450	)		(3,953	)		(2,019	)		(9,858	)		(20,280	)		6,657			5,224			11,881			232.2	%	9,177
Income taxes		732			(2,608	)		(1,580	)		(8,176	)		(11,632	)		2,681			(1,916	)		765			26.5	%	692

Net earnings (loss) from continuing operations		(5,182	)		(1,345	)		(439	)		(1,682	)		(8,648	)		3,976			7,140			11,116			630.9	%	8,485

Earnings (loss) from discontinued operations, net of tax		4,143			12,068			(971	)		111			15,351			-			-			-			-100.0	%	(12,068	)

Net earnings (loss)		(1,039	)		10,723			(1,410	)		(1,571	)		6,703			3,976			7,140			11,116			-33.4	%	(3,583	)

Diluted earnings (loss) per share		(0.01	)		0.14			(0.02	)		(0.02	)		0.09			0.05			0.09			0.14			-34.5	%	(0.05	)

Diluted earnings (loss) per share continuing operations		(0.07	)		(0.02	)		(0.01	)		(0.02	)		(0.11	)		0.05			0.09			0.14			622.0	%	0.11

Some earnings (loss) per share amounts may not add due to rounding


ACXIOM CORPORATION AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP EPS GUIDANCE (1)
(Unaudited)
(Dollars in thousands, except earnings per share)

	For the year ending
	March 31, 2017

Earnings before income taxes		11,000

Income taxes		1,700

Net earnings		9,300

Diluted earnings per share	$	0.12

Excluded items:
Purchased intangible asset amortization		16,000
Non-cash stock compensation		42,000
Restructuring charges and gain on sale of Impact		1,000
Separation and transformation costs		10,000

Total excluded items		69,000

Earnings before income taxes and excluding items		80,000

Income taxes (2)		32,000

Non-GAAP net earnings		48,000

Non-GAAP diluted earnings per share	$	0.60

Diluted weighted average shares		80,000

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

(2) Income taxes were calculated using an effective non-GAAP tax rate of 40.0%. The difference between our GAAP and Non-GAAP tax rates was due to the effect of excluded items, including the federal and state income tax benefit related to the sale of Impact.

ACXIOM CORPORATION									APPENDIX A
Q2 FISCAL 2017 FINANCIAL RESULTS
EXPLANATION OF NON-GAAP MEASURES

To supplement our financial results, we use non-GAAP measures which exclude certain acquisition related
expenses, non-cash stock compensation and restructuring charges. We believe these measures are helpful in
understanding our past performance and our future results. Our non-GAAP financial measures and schedules are
not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only
in conjunction with our consolidated GAAP financial statements. Our management regularly uses these non-GAAP
financial measures internally to understand, manage and evaluate our business and to make operating decisions.
These measures are among the primary factors management uses in planning for and forecasting future periods.
Compensation of our executives is also based in part on the performance of our business based on these
non-GAAP measures.

Our non-GAAP financial measures, including non-GAAP earnings per share and adjusted EBITDA,
reflect adjustments based on the following items, as well as the related income tax effects when applicable:

Purchased intangible asset amortization: We incur amortization of purchased intangibles in connection with our
acquisitions. Purchased intangibles include (i) developed technology, (ii) customer relationships, and (iii) trade
names. We expect to amortize for accounting purposes the fair value of the purchased intangibles based on the
pattern in which the economic benefits of the intangible assets will be consumed as revenue is generated.
Although the intangible assets generate revenue for us, we exclude this item because this expense is non-cash
in nature and because we believe the non-GAAP financial measures excluding this item provide meaningful
supplemental information regarding our operational performance.

Non-cash stock compensation: Non-cash stock compensation consists of charges for associate restricted stock
units, performance shares and stock options in accordance with current GAAP related to stock-based
compensation including expense associated with stock-based compensation related to unvested options assumed
in connection with our acquisitions. As we apply stock-based compensation standards, we believe that it
is useful to investors to understand the impact of the application of these standards to our operational
performance. Although stock-based compensation expense is calculated in accordance with current GAAP and
constitutes an ongoing and recurring expense, such expense is excluded from non-GAAP results because it is
not an expense that typically requires or will require cash settlement by us and because such expense is not used
by us to assess the core profitability of our business operations.

Restructuring charges: During the past several years, we have initiated certain restructuring activities
in order to align our costs in connection with both our operating plans and our business strategies
based on then-current economic conditions. As a result, we recognized costs related to termination
benefits for associates whose positions were eliminated, lease termination charges, and leasehold improvement
write offs. During the current year, we also recognized a gain of the sale of the Acxiom Impact business. These
items, reported as gains, losses, and other items, net, are excluded from non-GAAP results because such amounts
are not used by us to assess the core profitability of our business operations.

Separation and transformation costs: In prior years, we incurred significant expenses in connection with the
separation of our IT Infrastructure Management ("ITO") and the subsequent transformation of our remaining
operating segments. This work enabled us to transform our external reporting and provide investors with enhanced
transparency and more granular segment-level disclosures in addition to facilitating the ITO disposition. In the
current year, we are incurring expenses to further separate the financial statements of our three operating segments,
with particular focus on segment-level balance sheets, and to evaluate portfolio priorities. Our criteria for excluding
separation and transformation expenses from our non-GAAP measures is as follows: 1) projects are discrete in
nature; 2) excluded expenses consist only of third-party consulting fees that we would not incur otherwise; and
3) we do not exclude employee related expenses or other costs associated with the ongoing operations of our
business. We expect to complete these current projects in the next 8 to 12 months. We believe excluding these
items from our non-GAAP financials measures is useful for investors and provides meaningful supplemental information.

Our non-GAAP financial schedules are:

Non-GAAP EPS and Non-GAAP Income (loss) from Operations: Our non-GAAP earnings per share and Non-
GAAP income (loss) from operations reflect adjustments as described above, as well as the related tax effects
where applicable.

Adjusted EBITDA: Adjusted EBITDA is defined as net income (loss) from continuing operations before income
taxes, other expenses, depreciation and amortization, and including adjustments as described above. We use
Adjusted EBITDA to measure our performance from period to period both at the consolidated level as well as
within our operating segments and to compare our results to those of our competitors. We believe that the
inclusion of Adjusted EBITDA provides useful supplementary information to and facilitates analysis by investors
in evaluating the Company's performance and trends. The presentation of Adjusted EBITDA is not meant to be
considered in isolation or as an alternative to net earnings as an indicator of our performance.

Free Cash Flow to Equity: To supplement our statement of cash flows, we use a non-GAAP measure of cash
flow to analyze cash flows generated from operations. Free cash flow to equity is defined as operating cash flow
less cash used by investing activities (excluding the impact of cash paid in acquisitions), less required payments
of debt, and excluding the impact of discontinued operations. Management believes that this measure of cash
flow is meaningful since it represents the amount of money available from continuing operations for the
Company's discretionary spending after funding all required obligations including scheduled debt payments.
The presentation of non-GAAP free cash flow to equity is not meant to be considered in isolation or as an
alternative to cash flows from operating activities as a measure of liquidity.


ACXIOM CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Dollars in thousands)

	September 30,		March 31,		$				%
	2016		2016		Variance			Variance
Assets
Current assets:
Cash and cash equivalents		175,409		189,629		(14,220	)		(7.5	%)
Trade accounts receivable, net		130,509		138,650		(8,141	)		(5.9	%)
Refundable income taxes		5,347		9,834		(4,487	)		(45.6	%)
Other current assets		42,916		37,897		5,019			13.2	%

Total current assets		354,181		376,010		(21,829	)		(5.8	%)

Property and equipment		521,793		528,675		(6,882	)		(1.3	%)
Less - accumulated depreciation and amortization		346,857		345,632		1,225			0.4	%

Property and equipment, net		174,936		183,043		(8,107	)		(4.4	%)

Software, net of accumulated amortization		45,048		55,735		(10,687	)		(19.2	%)
Goodwill		487,055		492,745		(5,690	)		(1.2	%)
Purchased software licenses, net of accumulated amortization		8,792		10,116		(1,324	)		(13.1	%)
Deferred income taxes		10,038		6,885		3,153			45.8	%
Other assets, net		22,007		25,315		(3,308	)		(13.1	%)

		1,102,057		1,149,849		(47,792	)		(4.2	%)

Liabilities and Stockholders' Equity
Current liabilities:
Current installments of long-term debt		32,281		32,243		38			0.1	%
Trade accounts payable		36,300		37,717		(1,417	)		(3.8	%)
Accrued payroll and related expenses		35,413		61,309		(25,896	)		(42.2	%)
Other accrued expenses		46,581		48,254		(1,673	)		(3.5	%)
Deferred revenue		33,394		44,477		(11,083	)		(24.9	%)

Total current liabilities		183,969		224,000		(40,031	)		(17.9	%)