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EPICOR RAISES PROFIT ESTIMATE
IRVINE, Calif. - Epicor Software has raised its estimate of profit for the third quarter ended September 30, although it kept its previous revenue projections. The vendor now expects adjusted net income to exceed the 9 cent to 10 cents per share it forecast in July, while its expectation for revenue of $96 million to $100 million remained unchanged. The company did not say why it was raising its forecast.
That follows last week's action by Pervasive Software in raising its guidance for the same quarter. Pervasive, whose product line includes database engines used in accounting applications, raised its forecast of both revenue and earnings. There have been no changes announced for other publicly traded companies who have software products in the financial market, including Microsoft, NetSuite, Blackbaud and Deltek, and none of them have yet publicized date for their earnings conference calls for the September quarter.
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