Epicor says loss narrowed in 2nd quarter, adjusted profit meets analyst expectations

Epicor 2Q loss narrows

IRVINE, Calif. — Business software maker Epicor Software Corp. said Thursday that its second-quarter loss narrowed as revenue climbed.

For the April-June quarter, Epicor’s loss totaled $1 million, or 2 cents per share, compared with a loss of $6.7 million, or 11 cents per share, in the year-ago quarter.

When excluding one-time items, Epicor earned 13 cents per share, which is what analysts polled by Thomson Reuters expected.

Revenue rose 9 percent to $109.2 million, beating analyst estimates for $105.2 million. Much of the growth came in Epicor’s smallest category — hardware and other revenue — which climbed to $8.2 million from $3.5 million. Meanwhile, maintenance revenue rose slightly to $47.5 million from $47.3 million, while consulting revenue rose to $34.3 million from $32.1 million.

The company forecast third-quarter adjusted earnings of 13 cents to 15 cents per share on revenue of $106 million to $108 million. Analysts expect adjusted earnings of 13 cents per share on $104 million in revenue.