The story for Epicor Software's fiscal 2013 was the contribution by SolarSoft, which was acquired in October 2012. Epicor ended its year on September 30 with a 3.3-percent increase in its loss and a 10-percent rise in revenue from the prior year, driven primarily by the former company's software. Meanwhile, Epicor's bottom line continued to be hampered by interest expense, which hit $93.7 million for fiscal 2013, compared to $90.5 million for 2012. The net loss was $40.4 million for 2013, up from $39.1 million the prior year The company' revenue hit $961.7 million for the most recently ended, up from $855.5 million the prior year with $77.4 percent of the 2013 total from SolarSoft products. ERP revenue, the company's largest segment, rose to $598.5 million, a hike of 15 percent from 2012's $515.2 million. This week's earnings conference call was more noted by wasn't said and who didn't say it as new CEO Joseph Cowan let CFO Kathy Crusco do most of the talking. Cowan, who replaced Pervez Qureshi in the top job on October 4, largely discussed meeting different teams and getting to know Epicor. Cowan emphasized that he was brought in to accelerate growth and the company has been performing well. There was general discussion of making a bigger international effort and moving into verticals adjacent to the existing Epicor markets. In one sentence, Cowan briefly noted the next-generation ERP product. "We've got Epicor 10," he said and then talked about driving products in general into the company's channels. The successor to a highly successful Epicor 9, the next generation has been expected. but this is the first public mention by a company executive. However, Cowan let go only those five words.
Pro forma software license growth for the second quarter ended November 30 is expected to be 8 percent to 9 percent greater than last year, Infor said this week. The software company made the statement in an SEC filing, reporting that CEO Charles Phillips had issued the guidance in a conference call with banks and financial institutions that are existing or potential lenders. Phillips also said GAAP license revenue for the most recently end period is expected to be 11 percent to 12 percent higher than a year earlier.
There was a lot of wind for Macy's Thanksgiving Day Parade, but fortunately not too much so the crowd was able to see the always-poplar balloons. The Kim Kardashian/Kanye West balloon still flew, but many members of the crowd had to be treated for acute disgust. Speaking of Kim and Kanye, if you've seen their recent video, there hasn't be such dangerous action recorded on a bike since "Easy Rider."
Exact Online Project Management has been introduced in the Netherlands. And while there's no word on a possible debut in the United States, Exact says the product will hit Belgium and the United Kingdom in the first quarter and Germany, the second quarter of 2014. Exact Online made its official entrance into this country in November, although a limited release version was available during the summer.