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by Chris Chiappinelli, MA Editorial Staff Posted on Wednesday, October 24, 2007 4:15:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The mid-market ERP specialist falls far short of expectations for new license growth in the third quarter, but sticks by its plan to engage larger customers. |
| Keywords: | Epicor revenue, Epicor's revenue |
Riding strong growth in its consulting and maintenance businesses, the traditionally mid-market ERP software provider Epicor Software Corp. on Tuesday announced an 8% year-over-year improvement in revenue that masked a poor performance in license sales. For the quarter ended Sept. 30, Epicor reported revenue of $103.1 million, up from $95.7 million in the third quarter a year ago. Net income also showed strong growth, totaling $8.1 million, a 49% improvement on $5.4 million in the year-ago quarter. That yielded a commensurate jump in earnings per share, to $0.14 from $0.10. The top-line growth was led by Epicor's consulting business, which grew 26% year over year to $32 million. Maintenance revenue topped $40 million, up 6% from the year-ago total of $38 million, with a retention rate of 94%. [Click to continue] |
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