* Sees Q3 adj EPS exceeding $0.15
* Sees Q3 rev $109-$111 mln
* Shares rise as much as 9 pct
Oct 6 Epicor Software Corp EPIC.O said it
expects its third-quarter results to exceed its previous
forecast helped by strong software license revenue, mostly from
sales of its Epicor 9 product, sending shares up more than 9
The company, which makes enterprise software for mid-cap
companies, expects third-quarter software license revenue to
increase about 40-45 percent, compared with the year-ago
"Epicor is selling into more markets than ever before. We
are continuing to expand the reach of Epicor 9 and our
pipelines are continuing to build as a result," CEO George
Klaus said in a statement.
Epicor 9 is a software suite for customer, supplier and
business process management.
The company expects third-quarter adjusted earnings to
exceed the top end of its prior outlook of 13-15 cents a share.
Total revenue for the third quarter is expected to come in
between $109-$111 million, compared with its previous forecast
of $106-$108 million. [ID:nWNAB2338]
Analysts on an average are expecting earnings of 14 cents a
share, excluding items, and revenue of $106.6 million,
according to Thomson Reuters I/B/E/S.
Shares of the Irvine, California-based company were trading
up 4.5 percent at $9.52 Wednesday morning on Nasdaq.
They have risen 15 percent since the company reported
second-quarter results in July.
(Reporting by Shravya Jain in Bangalore; Editing by Roshni