Great Plains edges Q2 forecasts

Great Plains Software topped analyst consensus by a penny in the second quarter.

After market close Monday, the vendor of business software and related services reported profits net income of $4.2 million, or 20 cents per share, excluding amortization. First Call's survey of four analysts predicted a profit of 19 cents per share for the quarter ended Nov. 30.

Including amortization, Great Plains lost $10.5 million, or 52 cents per share.

Second quarter revenue increased 59 percent year-over-year and 13 percent sequentially to $75.5 million. Services revenue doubled year-over-year. Full story. -- Sergio G. Non, ZDNet Inter@ctive Investor