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by Jeff Moad, MA Editorial Staff Posted on Wednesday, July 25, 2007 6:15:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The enterprise software provider experiences stronger overall revenue in the second quarter, but weak retail sales and a less-than receptive U.K. market drag down new license revenue. |
| Keywords: | Epicor, mid-market ERP, enterprise software, SMBs, earnings results, George Klaus, Vantage 8, Epicor 9 |
Epicor Software Corp. today reported record-high revenue for the second quarter, ended June 30, but problems in the company's retail business and its operations in the United Kingdom combined to slow new license revenue growth and reduce net earnings. The enterprise software vendor reported quarterly revenue $105.7 million, up 6.2% from the second quarter of 2006. Epicor's net income for the quarter, however, slipped by 11.3% to $6.3 million, year over year. New license revenue for the quarter totaled $25.1 million, up a less-than-expected 5% compared with $24 million in the year-earlier period. While calling the results "a solid second quarter," Epicor Chairman and CEO George Klaus, in remarks to financial analysts, blamed the lower earnings on a slowing in Epicor's retail business, weaker hardware sales, and lower-than-expected sales from the U.K. operations. [Click to continue] |
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