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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EPICOR LOSS AND REVS RISE Featured
Epicor 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.
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