A comparison to actual results a year ago is difficult since the new company commenced operations in May 2011 and changed its year from December 31 to the current year-end. "The ERP business continues to grow well," CEO Pervez Qureshi said in this week's earnings webcast. He reported that half the new purchasers of Epicor 9 during the year were new customers and that with features of the application "We are continuing to secure opportunities up-market." For the fourth quarter, revenue was $224.8 million, up 3.7 percent from a year earlier. Of that amount, ERP revenue was $140.1 million, an increase of 4.7 percent from last year’s corresponding period. Retail revenue was $35.2 million, up 7 percent, while revenue from the retail distribution segment was down 41.1 percent to $49.5 million. Qureshi noted the latter category is hurt by weakness in the residential home improvement and construction markets but that Epicor is starting to see improvement in that area.