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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 7, 1999
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EPICOR SOFTWARE CORPORATION
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(Exact name of Registrant as specified in charter)
Delaware 0-20740 33-0277592
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
195 Technology Drive, Irvine, California 92618
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (949) 585-4000
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PLATINUM SOFTWARE CORPORATION
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(Former name or former address, if changed, since last report)
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ITEM 5. OTHER EVENTS
On July 7, 1999, Epicor Software Corporation, (the "Company") announced
preliminary results for its second quarter of fiscal 1999, ending June 30, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(C) EXHIBITS.
Exhibit Number
Ex-99.1 Press Release dated July 7, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EPICOR SOFTWARE CORPORATION
Date: July 8, 1999 By /s/ Perry Tarnofsky
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Perry Tarnofsky
Vice President
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EXHIBIT INDEX
The following exhibits are attached hereto and incorporated herein by
reference:
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<CAPTION>
Exhibit Number Sequentially
Numbered Page
<C> <S> <C>
Ex.-99.1 Press Release dated July 7, 1999. 5
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EXHIBIT 99.1
[EPICOR LETTERHEAD]
FOR IMMEDIATE RELEASE
Contact: Valerie Brodie
Epicor Software Corporation
949-585-4293
[email protected]
EPICOR RELEASES PRELIMINARY ESTIMATE OF FINANCIAL PERFORMANCE
FOR THE SECOND FISCAL QUARTER OF 1999
IRVINE, Calif., July 7, 1999 -- Epicor Software Corporation (NASDAQ:
EPIC), today released preliminary financial performance estimates for the second
fiscal quarter ended June 30, 1999. For the quarter, the company expects to
report total revenue slightly below that of its first fiscal quarter with
earnings per share at or near breakeven.
The company believes that its revenue and earnings growth were
adversely affected by several factors including continuing merger-related sales
performance issues and a general industry-wide slowdown in demand for ERP
software. Second quarter results were also impacted by the reclassification of
the company's Impresa operation (from an asset held for sale) to an on-going
entity.
"We expect revenue levels in the third and fourth quarters of the
current fiscal year to be similar to those of the second quarter, principally
due to an industry-wide slowdown," said George Klaus, chairman, president and
CEO of Epicor. "We do not believe this reflects the long-term growth prospects
of either the enterprise software market or Epicor. Notwithstanding these
industry trends, we remain confident that the merger of Platinum and DataWorks
brought together the resources necessary for Epicor to emerge as the leading
supplier of business performance solutions. We are firmly committed to operating
and positioning our business for long-term success."
The company plans to report final second fiscal quarter financial
results on July 29, 1999.
-More-
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Epicor Announces Preliminary Estimate For Its Second Quarter
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ABOUT EPICOR SOFTWARE CORPORATION
Epicor, the company formed following the merger of Platinum Software
and DataWorks, is the largest enterprise software supplier focused exclusively
on the requirements of midmarket companies. Epicor delivers business performance
solutions that enable companies to automate on their own terms and outperform
their competition by capitalizing on customer relationships, minimizing the
risks and upheaval of conventional enterprise resource planning (ERP) systems.
Founded in 1984, Epicor is ranked among the industry's ten largest
enterprise business solutions providers by industry analysts, with more than
10,000 enterprise customers worldwide. Epicor is headquartered in Irvine,
California and employs more than 1,600 employees globally. More information
about Epicor, its products and services is available at www.epicor.com.
# # #
Epicor is a trademark of Epicor Software Corporation. Platinum is a registered
trademark of PLATINUM technology International, Inc. The product and service
offerings depicted in this document are produced by Epicor Software Corporation.
The information in this press release is forward-looking and preliminary in
nature. These statements reflect Epicor's current beliefs and are based on
information currently available to Epicor. Actual results may differ materially
as a result of a number of factors, including but not limited to the failure of
contracts to meet revenue recognition rules, and other adjustments that may
arise as results are finalized. For a more detailed discussion of the risks that
affect the Company's operating results, please refer to Company's Quarterly
Report on Form 10-Q for the period ending March 31, 1999 at pages 12-17. The
Company undertakes no obligation to update or revise these forward-looking
statements.
