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EPICOR LICENSE REVS DROP

Pervez Qureshi, EpicorEpicor Software felt the impact of transition issues as software license sales fell by 14.2 percent with an overall revenue gain of 1.2 percent on a pro forma basis for the first quarter ended March 31. The company, reflecting the combined results of the former Activant Solutions and Epicor under the latter's name, reported a loss $9.5 million on revenue of $204.3 million.

CEO Pervez Qureshi said that the impact of the European economy was combined with some internal issues, particularly that during the transition to the combined company a year ago, Epicor was moving its lead generation staff to a part-time role and moving personnel into other positions. "This group is getting back to planned staff levels," he said. ERP license revenue dropped 12.3 percent to $27.3 percent. That drop also reflected longer sales cycles. Americas revenue rose 1.8 percent to just over $179 million. The company has now shipped 3,000 units of Epicor 9, half of those to new customers. Part of a slippage in sales results from customers asking for more meetings to get explanations of the plans for the company's products in its new phase. Pro forma numbers were given in a earnings phone call. SEC numbers show historical results with Activant given as the predecessor company for year-earlier results.

 

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