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by Diane Himes, MA Editorial Staff Posted on Friday, March 14, 2008 4:47:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Manufacturing ERP specialist QAD notches double-digit growth in revenue and sails to its best quarter yet, while keeping a wary eye on the softening economy. |
| Keywords: | Manufacturing ERP, QAD manufacturing ERP |
In both its fourth quarter and full fiscal year, ERP provider QAD recorded healthy growth in revenue, logging what company officials said were record performances. For the fiscal 2008 fourth quarter, ended Jan. 31, total revenue increased 13% to $75.3 million, from $66.5 million in the like period last year. License revenue increased 14% to $22.4 million, from $19.7 million in last year's fourth quarter, while revenue from maintenance and other sources rose 7% to $33.1 million. Services revenue, meanwhile, saw the biggest jump, to $19.8 million, from $15.9 million in last year's fourth quarter, an increase of 24%. Net income improved to $5.2 million ($0.16 per diluted share) in the quarter, up from $3.8 million ($0.12 per diluted share) in Q4 of fiscal 2007, even as QAD saw a rise in operating expenses to $39.5 million, from $35.4 million in the like period last year, due primarily to investments in personnel, officials said. [Click to continue] |
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