Epicor Software Performs In-Line - Analyst Blog
Epicor Software Corporation (
EPIC) reported Q308 GAAP revenues of $135.8 million were up 31.7% year over year and up 6.2% quarter over quarter. Non-GAAP revenues came in at $137.7 million. Pro-forma EPS of $0.19 was in line with our estimate.
The company has released Epicor 9 a business solution for next-generation Enterprise Resource Planning (ERP).? Management expects to report revenues between $125 million and $140 million in Q408, down from Q3 mainly due to uncertain economic conditions which should constrain IT budgets of a lot of customers. Non-GAAP EPS is projected between $0.18 and $0.28.
We continue to rate the stock a Hold with a target price of $7.00. Epicor Software Corp. develops and markets enterprise application software solutions targeting mid-sized companies with annual revenue of $10 million to $1 billion. Epicor's solutions automate and integrate critical business information across the entire value chain so that customers, suppliers, partners and employees can collaborate on competing more effectively in the global marketplace.
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