While most companies are pointing to the growth in subscription model, Epicor Software turned in a strong performance in old-fashioned software revenue for the first quarter ended December 31. License revenue grew by 25 percent over a year earlier, the second straight quarter that license sales had increased by more than 25 percent, CEO Joseph Cowan said in this week's earnings conference call. He also pointed to the company's ability to increase sales of web-based products without cannibalizing the installed base.