QAD, Inc. (QADA) Misses Q1 EPS by 9c

QAD, Inc. (NASDAQ: QADA) reported Q1 EPS of ($0.07), $0.09 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $65.4 million versus the consensus estimate of $65.4 million.

Subscription revenue of $11.5 million, versus $9.4 million. Currency had an approximate $290,000 negative impact on subscription revenue. Subscription revenue increased 25 percent in constant currency. Excluding a one-time recognition of $900,000 in the first quarter of fiscal 2016, subscription revenue increased 35 percent.

GUIDANCE:

QAD, Inc. sees Q1 2017 EPS of $0.03-$0.05, versus the consensus of $0.20. QAD, Inc. sees Q1 2017 revenue of $67-69 million, versus the consensus of $71.0 million.

QAD, Inc. sees FY2017 EPS of $0.38-$0.48, versus the consensus of $0.68. QAD, Inc. sees FY2017 revenue of $277-283 million, versus the consensus of $280.5 million.

For earnings history and earnings-related data on QAD, Inc. (QADA) click here.

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