QAD Reports Fiscal 2021 Third Quarter and Year-To-Date Financial Results

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QAD Inc. (QADB) Reports Q4 EPS of $0.16, Revenues Beat

November 24, 2020 4:13 PM EST

QAD Inc. (NASDAQ: QADB) reported Q4 EPS of $0.16, versus $0.01 reported last year. Revenue for the quarter came in at $76.66 million versus the consensus estimate of $73.69 million.

Fiscal 2021 Third Quarter Financial Results:

Total revenue for the fiscal 2021 third quarter was $76.7 million, compared with $77.8 million for the fiscal 2020 third quarter, reflecting expected reductions in license, professional services and maintenance revenue, partially offset by an increase in subscription revenue. Currency had a $709,000 positive... More