QAD releases quarterly earnings; adds new subsidiary in Indonesia

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QAD releases quarterly earnings; adds new subsidiary in Indonesia

By Staff Report / Wednesday, August 22nd, 2018 / Comments Off on QAD releases quarterly earnings; adds new subsidiary in Indonesia

Santa Barbara-based enterprise software firm QAD reported an 11 percent increase in revenue to $84.5 million for the quarter ended July 31, thanks to a boost in its subscription and professional services segments. Net income was $1.11 million, or 5 cents per share, compared to a $1.16 million net loss for the same quarter the…

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