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Epicor reports Q4 & full-year 2007 results
08 Feb '08
3 min read
Epicor Software Corporation, a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies reported financial results for its fourth quarter and full-year ended December 31, 2007. All results should be considered preliminary pending the Company's filing of its annual report on Form 10-K for the year ended December 31, 2007.
Epicor Chairman and CEO George Klaus commented, "We had an absolutely fantastic fourth quarter, setting records across nearly every financial metric and topping off another excellent full-year of Company-wide execution for Epicor. 2007 marks the fourth consecutive year of double digit growth for Epicor in license revenue, total revenue and non-GAAP earnings per share.
"Our all-time record license revenues are a confirmation of the strength of our sales team, pipelines, software solutions and go-to-market strategy," Klaus said.
"In addition, it is clear that Epicor is reaping the rewards of our strategy to expand our addressable market by moving up-market, as our strong fourth quarter was driven in part by a new record for our top 10 license deals, which averaged in excess of $600,000 in license revenue alone.”
“Our success in winning bigger deals continues to be complemented by strong execution in our core midmarket business, as evidenced by the addition of more than 740 new name customers during the year. Importantly," he said, "our ability to continue to drive double digit license revenue growth with significant new customer wins will continue to benefit Epicor for years to come by adding to our consulting backlog and highly profitable maintenance revenues.
Epicor Chairman and CEO George Klaus commented, "We had an absolutely fantastic fourth quarter, setting records across nearly every financial metric and topping off another excellent full-year of Company-wide execution for Epicor. 2007 marks the fourth consecutive year of double digit growth for Epicor in license revenue, total revenue and non-GAAP earnings per share.
"Our all-time record license revenues are a confirmation of the strength of our sales team, pipelines, software solutions and go-to-market strategy," Klaus said.
"In addition, it is clear that Epicor is reaping the rewards of our strategy to expand our addressable market by moving up-market, as our strong fourth quarter was driven in part by a new record for our top 10 license deals, which averaged in excess of $600,000 in license revenue alone.”
“Our success in winning bigger deals continues to be complemented by strong execution in our core midmarket business, as evidenced by the addition of more than 740 new name customers during the year. Importantly," he said, "our ability to continue to drive double digit license revenue growth with significant new customer wins will continue to benefit Epicor for years to come by adding to our consulting backlog and highly profitable maintenance revenues.
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