SUBSCRIPTIONS RAISE QAD REVS
- Friday, 30 May 2014
- News and Analysis
QAD, which makes manufacturing software, is in the same boat as everyone else. Or should we say on the same cloud as a 53-percent increase in subscription revenue from cloud software sales helped the company to an 11-percent revenue increase for the first quarter ended April 30. The Santa Barbara, Calif.-based company also sliced its loss to $76,000, compared to a year-earlier loss of $1.3 million and posted operating income of $298,000 in the most recently ended period, as opposed to an operating loss of $1.7 million a year ago.
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