Vendor Results: Mixed Quarters for Acxiom, TSYS

Two vendors to the payments and collection industry reported fair to middling quarters yesterday evening.

Acxiom Corp. (Nasdaq: ACXM ) reported fiscal third quarter revenues of $350.3 million, virtually flat from a year ago, and earnings of $96.9 million. Income rose 89 percent but was favorably impacted by a $65 million payment from Silver Lake and ValueAct Capital, as the two firms withdrew a takeover bid.

Interim company leader Charles Morgan said in a press release that results were affected “by the difficulty in the financial services industry, which has resulted in reduced spending by many of our clients.”

Little Rock, Ark.-based Acxiom analyzes consumer data.

TSYS, the Columbus, Ga.-based card processor and collector, late yesterday reported fourth quarter and full year results. Revenues for the year were up 1 percent to $1.8 billion, while net income fell 5 percent to $249 million.

In the fourth quarter revenues declined 9 percent to $458.5 million and net income fell more than 47 percent to $45.6 million. Revenues in TSYS’s electronic processing division fell nearly 21 percent as the company lost a contract with Bank of America.

TSYS (NYSE: TSS ) doesn’t break out results for its collection group. In December, TSYS completed its spin off from financial services firm Synovus.