QAD Inc. (QADB) Misses Q1 EPS by 4c, Revenues Miss

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Go back to QAD Inc. (QADB) Misses Q1 EPS by 4c, Revenues Miss

QAD Reports Fiscal 2021 First Quarter Financial Results

May 27, 2020 4:05 PM EDT

-- 22 Percent Subscription Revenue Growth Drives Recurring Revenue to 77 Percent of Total; Subscription Gross Margin Continues Year-Over-Year Improvement --

SANTA BARBARA, Calif.--(BUSINESS WIRE)-- 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 2021 first quarter ended April 30, 2020.

Fiscal 2021 First Quarter Financial Results:

Total revenue for the fiscal 2021 first quarter was $74.1 million, compared with $78 million for the fiscal 2020 first quarter, reflecting expected reductions in... More