The best performer was the to-be-spun off Retail Solutions, whose revenue hit $36.8 million, up 14.3 percent from $32.2 million. Retail Distribution revenue of $59.3 million dropped 2.4 percent from $60.8 million in the period a year ago. The company said lower software license sales combined with foreign exchange rate impact pushed down the ERP totals but that was offset by an increase of $1.2 million in software and cloud subscriptions revenues. Craig McCollum, head of the retail distribution business, is getting the job of EVP for the Americas, which combines ERP and Retail Distribution. Epicor also hired Jeff Kissling to the new job of chief technology officer while the global support organization and customer care initiatives are being headed by Ian Ashby. Now SVP of global support, he previously headed support in EMEA and the Asia Pacific.
EPICOR CUTS LOSS, REORGANIZES Featured
The top line at Epicor Software went sideways as the company's ERP business remains sluggish. At the same time, the company had a significant organization. On the money side, the company cut its loss to $3.5 million for the second quarter ended March 31, down from a loss $4.7 million a year earlier. But revenue of $241.8 million was virtually unchanged from $242.8 million in last year's corresponding period. ERP revenue fell to $145.7 million in the most recently ended period, a decrease of 2.8 percent from just under $150 million.
