The fortunes of two mid-market ERP providers took divergent but related turns this week, as CDC Software and Epicor Software Inc. announced preliminary results for their first quarters, both ended March 31.
Epicor, quieting earlier enthusiasm, reported first-quarter, non-GAAP revenue of $103 million to $104 million — just a 2% to 3% improvement over the prior-year period and far short of its February guidance of $112 million to $115 million.
CDC, which is being considered for a spin-off from parent company CDC Corp., turned in a strong top-line performance in its first quarter, estimating revenue of $84.6 million to $85.6 million, up approximately 12% from last year’s first-quarter sales of $76.2 million.
Despite its strong overall showing, CDC fell in league with Epicor when it came to license sales — neither provider sold as much software as it did in the first quarter of 2007.