QAD income down but meets forecast
IN THIS ARTICLE
- Earnings Topic
- Staff Report Author
By Staff Report Thursday, March 19th, 2020
Fourth quarter revenue fell 5 percent for Santa Barbara-based manufacturing software maker QAD to $78.6 million, while net income plunged to $410,000. Earnings per share of 2 cents were down 91 percent from the same period in 2019, meeting analyst forecasts. For the full year, revenue fell 6 percent to $310.8 million, with an overall…