QAD (QADA) reported fiscal Q2 ’22 results above our estimates. Total revenue of $84.8 million (+14.5% Y/Y) was ahead of our $83.1 million projection as license, maintenance and professional services revenue all surpassed our forecasts.
Read MoreQAD’s (QADA) fiscal Q4 ’21 results exceeded our estimates and consensus as an unexpected rebound in license sales and a tailwind from currency fluctuations fueled a return to positive top line growth a quarter ahead of our expectations.
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 MoreWe are initiating coverage of QAD (QADA) with a $51.00 price target, representing a FY ’21 EV/Sales multiple of 2.5x. QAD is a vertically-focused application software provider in the midst of a transition to the cloud.
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