QAD (QADA) reported strong fiscal Q2 ’21 results, exceeding Street expectations top to bottom. After effectively managing through the outset of the COVID-19 pandemic in the prior quarter, QAD delivered strong sequential growth in both license and cloud bookings with the latter essentially matching year ago levels in both the number and value of deals closed.
Read MoreQAD (QADA) is slated to report its fiscal Q2 ’21 results after the market closes on Wednesday, August 26. Although we expect growth to remain muted by ongoing headwinds presented by the COVID-19 pandemic, we believe the company’s Q2 performance will meet or exceed Street expectations for a modest sequential decline on both the top and bottom lines.
Read MoreDespite 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.
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