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EPICOR LOSS AND REVS RISE Featured

EpicorEpicor Software lost $9.6 million for the first quarter ended June 30, compared to $5.6 million in red ink for last year's corresponding period. Revenue rose to $241.2 million, up 11 percent from $217.3 million a year earlier. Revenue was kicked up by the increase of $18.9 million from the sale of products from Solarsoft, which Epicor purchased on October 12.

 The Solarsoft deal also was responsible for much of the increase in ERP revenue, which rose to $149.4 million in the most recently ended period, an increase of 16.3 percent from $128.5 million. A major difference in the bottom line was this year's results included a tax benefit of $1.3 million, down significantly from a similar benefit of $5.5 million a year earlier. The company also reported an 11.4-percent rise in operating expenses, which held down operating income to a 3.2-percent increase. A substantial part of EPR revenue was $83.8 million in services income, which was 19.6-percent higher than $70 million a year ago.

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