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by Jeff Moad, MA Editorial Staff, Alan Alper, MA Editorial Staff Posted on Friday, April 28, 2006 5:42:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Revenues at Microsoft's MBS unit exceed expectations, although losses return; Epicor reports a slip in first-quarter earnings following a recently completed audit that caused internal distractions. |
As Microsoft's business applications unit continues to build top-line momentum within the mid-market space, partner and competitor Epicor Systems Corp. remains locked in a struggle to find its stride following an audit of revenue-recognition practices that caused internal distractions. In its fiscal third quarter ended March 31, Microsoft Business Systems (MBS) posted revenues of $216 million, a 21% jump from the like period last year, significantly exceeding earlier estimates of 16% growth. The revenue increase was fueled by the continuing strength of MBS's resurgent Dynamics business software suite, particularly its ERP offerings, a company spokesperson said. The top-line however, was off 11% from the record $242 million posted in the previous quarter, and wasn't robust enough to keep MBS in the black one quarter after the business unit generated a surprise profit. Epicor, meanwhile, reported earnings for the first quarter ended March 31 of $4.6 million, down 19% from the like period last year. Total revenues in the quarter reached $84.5 million, up 26.5% from the year-earlier period. [Click to continue] |
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