Epicor Software Corp – the recently coined name for the merged Platinum Software Corp and DataWorks Corp – says it expects revenue for its second quarter to come in slightly below that of its first fiscal quarter, with earnings per share at or near breakeven. Revenue and earnings growth were affected by continuing merger-related sales performance issues combined with a general industry slowdown in the ERP sector, the company said.
Results were further hit by the reclassification of DataWorks’ Impressa operation, from an asset held for sale, to an on-going entity. Impressa for MRO is an Oracle-based application for the high-end maintenance, repair and overhaul markets that Epicor decided didn’t fit in with its new product strategy and focus.
Revenue levels for the third and fourth quarters will be much the same, George Klaus, CEO of Epicor said, mainly because of the industry slowdown. We do not believe this reflects the long-term growth prospects of either the enterprise software market or Epicor said Klaus, we are committed to operating and positioning our business for long-term success. Second quarter results will be reported on July 29. á
