Epicor(R) Reports Preliminary 2010 Third Quarter Results
October 06 2010 - 7:30AM
Marketwired
Epicor Software Corporation (NASDAQ: EPIC), a leading provider of
enterprise business software solutions for the midmarket and
divisions of Global 1000 companies, today announced that based on
preliminary financial data, the Company expects reported financial
results for its third quarter ended September 30, 2010, to exceed
the Company's previously provided guidance. Driven by strong sales
of Epicor 9, the Company expects 2010 third quarter software
license revenue to be in the range of $19 to $20 million, an
increase of approximately 40% to 45% over 2009 third quarter
software license revenue of $13.7 million. Total revenue for the
2010 third quarter is now expected to be in the range of $109 to
$111 million, compared to previously provided guidance of $106 to
$108 million. 2010 third quarter non-GAAP EPS is also expected to
exceed the top end of the range of the Company's previously
provided guidance, which was $0.13 to $0.15. All results should be
considered preliminary pending the Company's filing of its
quarterly report on Form 10-Q.
Epicor chairman, president and CEO George Klaus commented, "Our
very strong software license sales in the third quarter are further
evidence that the investments we have been making to capitalize on
the expanded opportunities created by our latest products continue
to pay dividends. Epicor is selling into more markets than ever
before and our superior products are driving market share gains. We
are continuing to expand the reach of Epicor 9 and our pipelines
are continuing to build as a result."
Epicor is scheduled to release its earnings for its 2010 third
quarter ended September 30, 2010, on Thursday, October 28, 2010,
after market close. A conference call to discuss the quarter's
results is scheduled to begin at 2:00 p.m. Pacific Time, following
the earnings release.
What: Epicor 2010 Third Quarter Earnings Conference Call When:
Thursday, October 28, 2010 Time: 2:00 p.m. PT Dial in:
1-800-437-2398 Conf ID: Epicor 2010 Third Quarter Earnings Call
Webcast: http://ir.epicor.com
Investors and analysts are invited to participate on the call.
Please dial in approximately ten minutes prior to start time. A
live audio-only webcast of the call will be made available to the
public on the Company's Web site under the investor relations
section, or directly accessed at http://ir.epicor.com and will be
archived following the call on the company's Web site.
About Epicor Software Corporation Epicor
Software is a global leader delivering business software solutions
to the manufacturing, distribution, retail, hospitality and
services industries. With 20,000 customers in over 150 countries,
Epicor provides integrated enterprise resource planning (ERP),
customer relationship management (CRM), supply chain management
(SCM) and enterprise retail software solutions that enable
companies to drive increased efficiency and improve profitability.
Founded in 1984, Epicor takes pride in more than 25 years of
technology innovation delivering business solutions that provide
the scalability and flexibility businesses need to build
competitive advantage. Epicor provides a comprehensive range of
services with a single point of accountability that promotes rapid
return on investment and low total cost of ownership, whether
operating business on a local, regional or global scale. The
Company's worldwide headquarters are located in Irvine, California
with offices and affiliates around the world. For more information,
visit www.epicor.com.
Epicor is a registered trademark of Epicor Software Corporation.
Other trademarks referenced are the property of their respective
owners. The product and service offerings depicted in this document
are produced by Epicor Software Corporation.
Forward-Looking Statements This press
release contains certain statements which constitute
forward-looking statements under the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include
statements regarding expected revenues (including growth rates),
earnings and earnings per share (including on a non-GAAP basis, the
Company's products, market share, business model, sales pipelines
and opportunities, competitive advantage and other statements that
are not historical fact. These forward-looking statements are based
on currently available competitive, financial and economic data
together with management's views and assumptions regarding future
events and business performance as of the time the statements are
made and are subject to risks and uncertainties. Actual results may
differ materially from those expressed or implied in the
forward-looking statements.
Such risks and uncertainties include, but are not limited to,
changes in the demand for enterprise resource planning products,
particularly in light of competitive offerings; the timely
availability and market acceptance of new products and upgrades,
including Epicor 9; the impact of competitive products and pricing;
the discovery of undetected software errors; changes in the
financial condition of Epicor's major commercial customers and
Epicor's future ability to continue to develop and expand its
product and service offerings to address emerging business demand
and technological trends; and other factors discussed in Epicor's
annual report on Form 10-K for the year ended December 31, 2009 and
other reports Epicor files with the SEC. As a result of these
factors the business or prospects expected by the Company as part
of this announcement may not occur. Epicor undertakes no obligation
to revise or update publicly any forward-looking statements.
Contact: Damon Wright Vice President Investor Relations Epicor
Software Corporation 949/585-4509 dswright@epicor.com
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