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by Emily-Sue Sloane, MA Editorial Staff Posted on Wednesday, November 21, 2007 3:18:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The enterprise software vendor's earlier acquisitions kick in with solid sales contributions, though on-demand business lags. |
Enterprise software provider QAD Inc. exceeded its revenue guidance for the third quarter ended Oct. 31, 2007, recording a solid 16% increase to $66.6 million, the company's largest third-quarter intake ever. The revenue total, up from $57.3 million a year ago, included orders from 19 customers representing more than $500,000 each. Of those, four orders exceeded $1 million and one order exceeded $2 million. The license orders came in from global manufacturers across the company's six vertical markets, including Akebono Brake Industry, Aspect Medical Systems, Hormel Foods, and Johnson Controls. At the close of the second quarter, the company had given revenue guidance for the third quarter of $60 million to $64 million, with earnings per share in the range of $.00 to $.05. [Click to continue] |
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