Despite disruption from the COVID-19 outbreak during the latter half of its fiscal Q1, QAD (QADA) turned in a solid start to FY ‘21. Revenue was slightly ahead of Street expectations and just shy of our estimate despite a significant intra-quarter headwind from FX.
Read MoreQAD (QADA) reports its fiscal Q1 ’21 results on Wednesday, May 27. Similar to many other software companies that have reported since the COVID-19 outbreak, we expect the results to reflect disruption from the pandemic.
Read MoreOn the surface, QAD’s (QADA) fiscal Q4 ’20 results appeared mixed with revenue a hair shy of our estimate and consensus but profitability coming in comfortably ahead of Street expectations.
Read MoreQAD (QADA) reports its fiscal Q4 ’20 results after the close on Wednesday, March 18. Between a more favorable manufacturing backdrop and management’s lowered FY ’20 guidance following last quarter’s print, we believe expectations for Q4 have been appropriately set.
Read MoreQAD’s (QADA) fiscal Q3 ’20 results were mixed relative to expectations, but we believe the company remains poised to reaccelerate subscription fee growth and return to margin expansion in the coming year.
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