SAP AG (SAP) reported third quarter of 2009 net income from continuing operations of 60 cents per share, compared to the Zacks Consensus Estimate of 58 cents. U.S. GAAP software and software-related service revenues were €1.94 billion (previous year: €1.99 billion), a decrease of 3%. U.S. GAAP total revenues were €2.51 billion (€2.76 billion), a decrease of 9%. U.S. GAAP software revenues were €525 million (€763 million), a decrease of 31% (30% at constant currencies). In the third quarter of 2009, SAP closed major contracts in several key regions including Dagrofa/SuperGros, Prada S.p.A., SeverStal OAO, Surgutneftegaz OAO, Swiss Life AG, and Telefonica, S.A. (TEF) in EMEA; Banco Industrial S.A., ConocoPhillips (COP), Dolby Laboratories (DLB), Fairfax County, Research In Motion Limited (RIMM) and Valero Services Inc. in Americas; and APL Co. Pte. Ltd, Department of Foreign Affairs and Trade, Australia, HDFC Standard Life ...

Epicor Software Corp. (EPIC) recently updated the guidance for the third quarter. The company earlier anticipated revenues between $96 million and $100 million and earnings per share of 9 cents to 10 cents. However, Epicor now expects that it will exceed the EPS guidance provided earlier.

The company had earlier reported a disappointing second quarter as results were adversely impacted by unfavorable movement in foreign exchange rates. The company’s exposure to retail environment has been under pressure due to recessionary economic environment.

Management is trying hard to maintain profitability in difficult times. The company earlier reduced its workforce by 10% and lowered its discretionary spending. These actions are expected to result in annual savings of at least $18 million providing a boost to margins in the upcoming quarters.

Meanwhile, management also stated that it has amended its existing credit facility to provide the company with more flexibility in light of changing economic

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DrStockPick.com Stock Report!

Monday August 3, 2009

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SoftBrands, Inc. (NYSE Amex: SBN), a global supplier of enterprise application software, announced today the American Cancer Society’s North Phoenix Hope Lodge will be the 29th Hope Lodge to implement SoftBrands’ Epitome property management system.

USANA Health Sciences, Inc. (NASDAQ: USNA) announced today that cumulative net sales of its nutritional and skin-care products had topped $3 billion. USANA leaders attributed this accomplishment to the company’s active distributor base, which increased year-over-year by 18.3 percent during the second quarter of 2009 to a record 200,000 Associates. USANA also reported record sales of $112.1 million for the second quarter of 2009 in its quarterly earnings release on July

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Yesterday, Epicor Software Corp. (EPIC) reported quarterly revenue of $100.4 million that was down 21.5% from a year ago, but up 1.7% sequentially, against the consensus estimate of $102.14 million. This was close to the low end of management’s forecasted range of $100 million – $105 million. The unfavorable movement in foreign exchange rates negatively impacted sales by 5%. On a constant currency basis, second-quarter revenues were $105.6 million.

Epicor develops and markets enterprise application software solutions targeting mid-sized firms with annual revenue of $10 million to $1 billion.

The company shifted its focus to target retail players from traditional markets which resulted in client wins in the quarter. Gross margin (excluding amortization) of 56.2% was up from 53.2% recorded in the previous quarter and 49.7%, a year ago. This was because of a larger percentage of high-margin license and maintenance revenues in the revenue mix along with

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Earlier this month, Epicor Software (EPIC) announced that it is experiencing strong demand for its Epicor Outsourcing services from companies such as Ericsson, Bonso Electron Intl, National Multiple Sclerosis Society and Tomra of North America. Epicor Outsourcing helps companies reduce their overall cost of enterprise resource planning (ERP) solution, while helping to manage and minimize risk across the organization.

Though outsourcing is still a relatively small part of the company's overall services business, the number of customers have doubled in the past two years. Based in California, Epicor develops and markets enterprise application software solutions targeting mid-sized companies with annual revenue of $10 million to $1 billion. According to Gartner, Inc., enterprise software sales grew 13.9% to $229.2 billion in 2008. The market is forecasted to reach $244.3 billion in 2009, an increase of 6.6% from 2008.

The company released its key product Epicor 9 in December

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