QAD Reports Fiscal 2020 Fourth Quarter and Full Year Financial Results
QAD Inc. - Class B (QADB)
US:NASDAQ Investor Relations:
ir.qad.com
Company Research
Source: Business Wire
-- Strong Close to the Year; Fourth Quarter Subscription Margin Reaches 67 Percent -- SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today reported financial results for the fiscal 2020 fourth quarter and full year ended January 31, 2020.Fiscal 2020 Fourth Quarter Financial Results:Total revenue for the fiscal 2020 fourth quarter was $78.6 million, compared with $82.7 million for the fiscal 2019 fourth quarter, reflecting an expected reduction in maintenance, professional services and license revenue. Subscription revenue grew 19 percent from the same period last year, and equaled 36 percent of total revenue, a seven-percentage point increase over last year’s fourth quarter.Additional fiscal 2020 fourth quarter financial highlights, versus the same period last year, include:Subscription revenue of $28.6 million, up from $24 million.Subscr
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