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Given the fact that its major markets include automotive and lumber, the results for Activant’s quarter ended December 31 are fairly remarkable as the company ended the period with revenue of $91.6 million, down 4.8 percent from $97.3 million for the year-earlier quarter. The specialized ERP vendor also posted net income of $ 4.5 million, a swing from a loss of $24.8 million in last year’s corresponding period, although there was a major downer a year ago with the recording of a $25 million charge for impaired good will.
Take that out of the picture and operating expenses fell to $40.6 million, down about $2.5 million. Activant made it tougher to measure the impact on individual markets as it combined its Hardlines and Lumber and Automotive segments into a Retail Distribution Group segment while the applicable product line was put in a Wholesale Distribution Group. Retail revenue was $52.1 million, down from just under $54 million and whole revenue was $36 million, down from $38.4 million. The element that kept revenue higher than it could have been was the $62.8 million for services in the most recently ended quarter, which was $113,000 higher than a year earlier.  The company also decided to eliminate about 70 positions, with a third of those out the door by year end, and it also planned to consolidate to a single facility.
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