Exhibit 99.1

FOR IMMEDIATE RELEASE

Friday, September 5, 2014

HURCO REPORTS THIRD QUARTER RESULTS

INDIANAPOLIS, INDIANA, — September 5, 2014, Hurco Companies, Inc. (Nasdaq, Global Select Market: HURC) today reported net income of $4,375,000, or $0.66 per diluted share, for its third fiscal quarter ended July 31, 2014, compared to $854,000, or $0.13 per diluted share, for the corresponding period in fiscal 2013. For the first nine months of fiscal 2014, Hurco reported net income of $10,280,000, or $1.56 per diluted share, compared to $6,291,000, or $0.96 per diluted share, for the corresponding period in fiscal 2013.

Sales and service fees for the third quarter of fiscal 2014 totaled $55,379,000, an increase of $10,221,000, or 23%, compared to the third quarter of fiscal 2013. Sales and service fees for the nine months ended July 31, 2014, totaled $160,080,000, an increase of $21,218,000, or 15%, compared to the corresponding period in fiscal 2013. The year-over-year increases in sales and service fees for the third quarter and the first nine months of fiscal 2014 benefitted from favorable currency impacts of approximately $1,655,000 and $3,956,000, respectively, when translating foreign sales to U.S. Dollars for financial reporting purposes.

The following table sets forth sales and service fees by geographic region for the third quarter and the first nine months of fiscal 2014 and 2013, respectively (in thousands):

Sales and service fees in Europe and the Asia Pacific region increased during the third quarter of fiscal 2014 by 41% and 15%, respectively, compared to the corresponding prior year period. The overall improvement in sales for these regions was driven by increased shipments and a favorable mix of higher-performance machines. European sales and service fees for the third quarter and the first nine months of fiscal 2014 included $2,616,000 and $6,419,000, respectively, of sales from electro-mechanical components and accessories manufactured by Hurco’s Italian-based subsidiary, LCM Precision Technologies (LCM), compared to $523,000, representing one month’s sales in each of those periods in fiscal 2013. Hurco acquired the LCM machine tool component business on July 1, 2013. The increase in European sales and service fees for the third quarter and the first nine months of fiscal 2014 benefitted from favorable currency impacts of approximately $1,735,000 and $4,249,000, respectively, due primarily to a stronger Euro and Pound Sterling when translating foreign sales to U.S. Dollars for financial reporting purposes.

Sales and service fees in North America decreased during the third quarter of fiscal 2014 by 7% compared to the corresponding prior year period. During the first nine months of fiscal 2014, sales in North America have experienced some market softening in comparison to the record level sales achieved during fiscal 2013. In general, the softening of sales in North America is not unusual in the months prior to the International Manufacturing Technology Show which is held in September of even-numbered years.

Orders for the third quarter of fiscal 2014 were $56,378,000, an increase of $10,244,000, or 22%, over the corresponding period in fiscal 2013. European orders for the third quarter of fiscal 2014 included $1,258,000 of LCM products compared to $3,768,000 in the third quarter of fiscal 2013. LCM orders for the third quarter of fiscal 2013 included backlog orders existing at the date of acquisition and one month of new orders booked subsequent to the acquisition. Orders for the first nine months of fiscal 2014 were $167,152,000, an increase of $21,145,000, or 14%, over the corresponding period in fiscal 2013 and included $7,285,000 of orders for LCM products. The increase in European orders for the third quarter and the first nine months of fiscal 2014 were primarily driven by increased orders in Germany and England. The year-over-year improvement in Asian Pacific orders for the third quarter and nine month periods included the benefit of multiple machine orders and a favorable mix of higher-performance machines. The impact of currency translation on orders booked in the third quarter and the first nine months of fiscal 2014 was consistent with the impact on sales in those periods.

The following table sets forth new orders booked by geographic region for the third quarter and the first nine months of fiscal 2014 and 2013, respectively:

Hurco’s gross profit for the third quarter of fiscal 2014 was $18,012,000, or 33% of sales, compared to $11,715,000, or 26% of sales, for the corresponding period in fiscal 2013. Gross profit for the first nine months of fiscal 2014 was $48,560,000, or 30% of sales, compared to $39,914,000, or 29% of sales, for the corresponding prior year period. The increases in gross profit were attributable to a higher sales volume, particularly in Europe, the primary market for higher-performance machines, and the increased cost efficiencies realized from higher production levels during fiscal 2014.

Selling, general and administrative expenses for the third quarter of fiscal 2014 were $11,869,000, or 21% of sales, compared to $10,012,000, or 22% of sales, in the corresponding period in fiscal 2013. Selling, general and administrative expenses for the first nine months of fiscal 2014 were $33,675,000, or 21% of sales, compared to $29,611,000, or 21% of sales, for the corresponding prior year period. The year-over-year increases in selling, general and administrative expenses were primarily due to incremental operating expenses associated with the acquisition of the LCM business and increased incentive compensation expense.

The effective tax rate for the third quarter of fiscal 2014 was 28%, compared to 24% for the corresponding prior year period. The effective tax rate for the first nine months of fiscal 2014 was 29%, compared to 33% for the corresponding prior year period. The changes in effective tax rates in the year-over-year comparisons reflected the shift in geographic mix of income or loss among tax jurisdictions.

Cash and cash equivalents totaled $51,345,000 at July 31, 2014, compared to $42,804,000 at October 31, 2013.

Michael Doar, Chief Executive Officer, stated, “I am extremely pleased that Europe has performed so well this quarter, with marked increases in both sales and orders. Europe continues to be an extremely important market for Hurco due to the fact that it accounts for a large percentage of our high-performance machines. We are gaining traction in Asia as we continue to identify companies with more complex manufacturing needs, which is important since these companies can realize the greatest benefit from our control technologies. While activity in North America was somewhat softer than in the corresponding periods in 2013, I am confident our new machines, next generation control and new software technologies will generate excitement at the upcoming International Manufacturing Technology Show as customers seek to increase their productivity and profitability.”

Hurco Companies, Inc. is an industrial technology company that designs and produces interactive computer controls, software and computerized machine tools and machine tool components for the worldwide metal cutting and metal forming industry. The end market for the Company's products consists primarily of independent job shops and short-run manufacturing operations within large corporations in industries such as aerospace, defense, medical equipment, energy, transportation and computer equipment. The Company is based in Indianapolis, Indiana, with manufacturing operations in Taiwan, Italy, and China, and sells its products through direct and indirect sales forces throughout North America, Europe, and Asia. The Company has sales, application engineering support and service subsidiaries in China, England, France, Germany, India, Italy, Poland, Singapore, South Africa and the United States of America. Web Site: www.hurco.com

Certain statements in this news release are forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, among others, the cyclical nature of the machine tool industry, changes in general economic and business conditions that affect demand for our products, the risks of our international operations, changes in manufacturing markets, innovations by competitors, the ability to protect our intellectual property, fluctuations in foreign currency exchange rates, increases in prices of raw materials, quality and delivery performance by our vendors, our ability to effectively integrate acquisitions, negative or unforeseen tax consequences and governmental actions and initiatives including import and export restrictions and tariffs.

Contact: Sonja K. McClelland

Vice President, Secretary, Treasurer & Chief Financial Officer

317-293-5309

Hurco Companies, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per-share data)

Hurco Companies, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per-share data)