QAD Reports Fiscal 2022 First Quarter Financial Results

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Go back to QAD Reports Fiscal 2022 First Quarter Financial Results

QAD Inc. (QADB) Reports Q1 EPS of $0.09, Revenues Beat

May 26, 2021 4:17 PM EDT

QAD Inc. (NASDAQ: QADB) reported Q1 EPS of $0.09, versus ($0.02) reported last year. Revenue for the quarter came in at $82.97 million versus the consensus estimate of $73.69 million.

Additional fiscal 2022 first quarter financial results, compared with the same period last year, include:

Subscription revenue of $36.7 million, up from $30.8 million. Currency had a $967,000 positive impact.Subscription gross margin of 67 percent, versus 66 percent.License revenue of $3.1 million, compared with $1.2 million. Currency had an $89,000 positive impact.Professional... More