Irvine’s Epicor Software Corp. reported record fourth-quarter sales Tuesday, though profits were off and the business software maker warned about net income for the current quarter.
Revenue for the fourth quarter rose 28% to $104.4 million.
Sales in all areas were strong, according to Chief Executive George Klaus. The fourth quarter “truly marks a milestone,” he said.
Epicor makes accounting and other software that integrates data from production, distribution, accounting, sales, marketing and customer support.
The company plans to continue a hiring binge started in the fourth quarter, Klaus said.
“We are clearly experiencing a growth-oriented business here,” he said. “Our pipelines are stronger than ever.”
For the current quarter, Epicor expects revenue of $93 million to $95 million, according to Klaus.
Fourth-quarter net income fell 15% to $6.7 million, held down by stock compensation expenses and amortization charges of $5.6 million.
Epicor expects more charges for the current quarter and warned Wall Street profit could come in lower than expected.
Amortization charges and stock charges could cut expected net income in half, the company said.
