QAD Inc. (QADB) Class A Shares Miss Q1 EPS by 1c, Revenues Beat; FY19 Revenue Outlook In-Line

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QAD Reports Fiscal 2019 First Quarter Financial Results

May 30, 2018 4:05 PM EDT

SANTA BARBARA, Calif., May 30, 2018 /PRNewswire/ -- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today reported financial results for the fiscal 2019 first quarter ended April 30, 2018.

Fiscal 2019 First Quarter Financial Highlights:

Total revenue for the fiscal 2019 first quarter increased 21 percent to $86.2 million, from $71.4 million for the fiscal 2018 first quarter.  QAD adopted the new revenue recognition standard, ASC Topic 606, effective... More