That was attributed to the economic climate in EMEA along with the fact that there were fewer strategic sales in the United States than in the year earlier quarter. Pro forma results are probably the better measure as actual results for Epicor represent Activant as the surviving company's number show big growth because of the addition of operations from the historical Epicor. The companies were also on a different financial year when they merged.  For the most recently ended period, Epicor had adjusted EBIDTA of $54.9 million, which was up 4.5 percent from the prior year. The GAAP net loss for the quarter was $8.9 million and for the nine months $38.5 million. The quarterly loss stemmed primarily from $22.5 million in interest expense.  The year-ago actual period was not a full quarter. The interest stems from the money borrowed to purchase the two companies and the principal balance now stands at $1.3 billion. CEO Pervez Qureshi noted that revenue from retail operations grew by 4 percent for the third quarter with strength in both hard goods and soft goods lines.