Exhibit 99.1

FOR IMMEDIATE RELEASE

Friday, June 6, 2014

HURCO REPORTS SECOND QUARTER RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND

INDIANAPOLIS, INDIANA, — June 6, 2014, Hurco Companies, Inc. (Nasdaq, Global Select Market: HURC) today reported net income of $3,536,000, or $0.54 per diluted share, for its second fiscal quarter ended April 30, 2014, compared to $3,183,000, or $0.48 per diluted share, for the corresponding period in fiscal 2013. For the first six months of fiscal 2014, Hurco reported net income of $5,905,000, or $0.90 per diluted share, compared to $5,437,000, or $0.83 per diluted share, for the corresponding period in fiscal 2013.

Sales and service fees for the second quarter of fiscal 2014 totaled $53,731,000, an increase of $4,112,000, or 8%, compared to the second quarter of fiscal 2013. Sales and service fees for the six months ended April 30, 2014, totaled $104,701,000, an increase of $10,997,000, or 12%, compared to the corresponding period in fiscal 2013. The year-over-year increases in sales and service fees for the second quarter and the first six months included a favorable currency impact of approximately $1,700,000 for the quarter and $2,301,000 for the six month period, respectively, when translating foreign sales to U.S. Dollars for financial reporting purposes.

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

Sales in North America decreased during the second quarter of fiscal 2014 compared to the corresponding prior year period. 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. European sales and service fees for the second quarter and the first six months of fiscal 2014 included $2,127,000 and $3,803,000, respectively, from sales of electro-mechanical components and accessories manufactured by Hurco’s Italian-based subsidiary LCM Precision Technologies (LCM). Hurco acquired the LCM machine tool component business on July 1, 2013. In addition, the increase in European sales and service fees for the second quarter and first six months of fiscal 2014 included a favorable currency impact of approximately $1,823,000 for the quarter and $2,515,000 for the six month period, respectively, due primarily to a stronger Euro when translating foreign sales to U.S. Dollars for financial reporting purposes. The year-over-year increase in Asia Pacific sales and service fees was primarily attributable to increased shipments in China.

Orders for the second quarter of fiscal 2014 were $53,680,000, an increase of $4,909,000, or 10%, from the corresponding period in fiscal 2013 and included $2,670,000 of orders for LCM products. Orders for the first six months of fiscal 2014 were $110,774,000, an increase of $10,901,000, or 11%, from the corresponding period in fiscal 2013 and included $6,027,000 of orders for LCM products. The impact of currency translation on orders booked in the second quarter and first six 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 second quarter and first six months of fiscal 2014 and 2013, respectively:

Hurco’s gross profit for the second quarter of fiscal 2014 was $16,629,000, or 31% of sales, compared to $15,283,000, or 31% of sales, for the corresponding prior year period. Gross profit for the first six months of fiscal 2014 was $30,548,000, or 29% of sales, compared to $28,199,000, or 30% of sales, for the corresponding prior year period. The increases in gross profit were attributable to increased sales, which included LCM products, and increased cost efficiencies realized from higher production levels during fiscal 2014.

Selling, general and administrative expenses for the second quarter of fiscal 2014 were $11,206,000, or 21% of sales, compared to $10,679,000, or 22% of sales, in the corresponding quarter of fiscal 2013. Selling, general and administrative expenses for the first six months of fiscal 2014 were $21,806,000, or 21% of sales, compared to $19,599,000, 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.

The effective tax rate for the second quarter of fiscal 2014 was 31%, compared to 29% for the corresponding prior year period. The effective tax rate for the first six months of fiscal 2014 was 30%, compared to 34% 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 $46,674,000 at April 30, 2014, compared to $42,804,000 at October 31, 2013.

Hurco also announced today that its Board of Directors approved the payment of a cash dividend of $0.07 per share.  The dividend will be paid on July 7, 2014, to shareholders of record as of the close of business on June 17, 2014.  Future declarations of dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change.

Michael Doar, Chief Executive Officer, stated, “Overall, I am pleased with our financial results, with marked improvement in Asia where we are targeting customers involved in complex manufacturing since those businesses realize the most benefit from our advanced control technology. Europe continues to show signs of recovery from its recession. As for North America, a comparison to the results in 2012 is a better indicator than a comparison to the 2013 results since the largest manufacturing show, the International Manufacturing Technology Show, is held in September during even-numbered years. Typically, we see activity slow in the months leading up to the show as customers delay purchases so they can evaluate new offerings at the show. Hurco will be highlighting new technologies at IMTS, such as AdaptiPathTM and our 3D printing capability. In addition, we will be previewing the next generation console for our control, which includes more than 80 new features that were suggested by customers who participated in usability testing. We will also be showcasing one of our largest machines taken to IMTS, the HBMX55i horizontal boring mill.”

Hurco Companies, Inc. is an industrial technology company that designs and produces computerized machine tools, interactive computer control systems and software, machine tool components, and accessories 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 Italy, Taiwan 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

This news release contains 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, changes in operations due to acquisitions or loss of key personnel, uncertainty concerning our ability to use tax loss carryforwards 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