QAD Reports Fiscal 2021 First Quarter Financial Results

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Go back to QAD Reports Fiscal 2021 First Quarter Financial Results

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

May 27, 2020 4:12 PM EDT

QAD Inc. (NASDAQ: QADB) reported Q1 EPS of ($0.02), $0.04 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $74.15 million versus the consensus estimate of $76.74 million.

Additional fiscal 2021 first quarter financial results versus the same period last year, include:

Subscription revenue of $30.8 million, up from $25.3 million. Currency had a $535,000 negative impact.Subscription gross margin of 66 percent, versus 63 percent.License revenue of $1.2 million, compared with $4.5 million. Currency had a $134,000 negative impact.Professional... More