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8 years ago
UPDATE 1-Epicor Software Q4 results top Street, Q1 view in line
February 11, 2010 / 9:52 PM / 8 years ago

UPDATE 1-Epicor Software Q4 results top Street, Q1 view in line

* Q4 adj EPS $0.19 vs est $0.14

* Q4 revenue $111.9 mln vs est $104.7 mln

Feb 11 (Reuters) - Business software maker Epicor Software Corp EPIC.O posted better-than-expected quarterly results, helped by a boost in software license revenue, and forecast first-quarter results largely in line with Wall Street expectations.

"Epicor 9 is making a difference and is enabling Epicor to increase market share across all of the industries and geographies we address," Chief Executive George Klaus said in a statement.

Epicor 9 is a software that includes functions like customer relationship management, supplier relationship management and business process management.

For the first quarter, Epicor expects adjusted earnings of 10 cents to 11 cents a share, on revenue of $98 million to $100 million.

Analysts expect the company to earn 10 cents a share on revenue of $99.3 million for the period.

Fourth-quarter net income rose to $6.7 million, or 11 cents a share, compared with $1.5 million, or 3 cents a share, in the year-ago period.

Excluding items, earnings were 19 cents a share.

Revenue fell about 8 percent to $111.9 million.

Analysts on average were expecting earnings of 14 cents a share, excluding items, on revenue of $104.7 million, according to Thomson Reuters I/B/E/S.

Shares of the Irvine, California-based company closed at $7.56 Thursday on Nasdaq.

For related alerts double-click on [ID:nWNAB6547] (Reporting by Sudipto Ganguly in Bangalore; Editing by Anne Pallivathuckal)

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