QAD, Inc. (QADA) Reports Q2 Loss of 6/Share

QAD, Inc. (NASDAQ: QADA) reported Q2 EPS of ($0.06), may not compare the analyst estimate of $0.02. Revenue for the quarter came in at $76 million versus the consensus estimate of $72.16 million.

For the fiscal 2018 year, QAD now expects:

• Total revenue of $292 to $296 million, including $68 to $70 million of subscription revenue.
• GAAP pre-tax loss of $1 million to pre-tax income of $1 million.
• Non-GAAP pre-tax income of $8 million to $11 million.

For the third quarter of fiscal 2018, QAD expects:

• Total revenue of $73 to $75 million, including $17.4 million of subscription revenue.
• GAAP pre-tax income of about breakeven.
• Non-GAAP pre-tax income of $2.1 million to $2.8 million.

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

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