Third-quarter revenue was $114.6 million for the quarter just ended, up from $98.6 million. License revenue rose to $20.2 million, an increase from $13.7 million in last year's corresponding period. The company lost $9.4 million for the period, compared to net income of $356,000 a year earlier. The company had $571,000 in pre-tax income and the loss was entirely attributable to a $9.9 million provision for income taxes. Klaus said Epicor increasingly runs into SAP as it goes up stream and into Microsoft lower down in the mid-market. Klaus described the rest of the competitors as the "rats and cats that you would think of out there that compete with us on a one-off basis." Executives also said that there have been sales of the company's SaaS product, Epicor Express, to 30 customers with 10 live.