Epicor Software Shrinks Its Loss in 4th Quarter
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Epicor Software Corp., an Irvine maker of electronic business software, narrowed its net losses in the fourth quarter while revenue declined.
The company posted a net loss of $5.4 million, or 13 cents a share, for the three months, including a charge of $2 million related to the resolution of a legal dispute. A year earlier, Epicor lost $43.4 million, or $1.06 a share. Revenue fell 14.4% to $53.7 million.
For the year, the company lost $40.7 million, or 98 cents a share, compared with $50.6 million, or $1.25 a share, the previous year. Revenue dropped nearly 15% to $219.8 million.