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by Chris Chiappinelli, MA Editorial Staff Posted on Friday, August 24, 2007 4:50:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The manufacturing ERP pioneer bounces back from a disappointing first quarter with strong year-over-year gains in license and services revenue; expands its SaaS play with a new offering for automotive manufacturers. |
| Keywords: | Manufacturing ERP, manufacturing software, enterprise software, QAD, mid-market ERP, automotive module, supply chain planning, on demand product |
ERP software provider QAD this week released second-quarter financial results that showed double-digit revenue growth, a welcome improvement over its "weak" first quarter, according to CEO Karl Lopker. The second-quarter results come on the heels of a sluggish start to fiscal 2008, when the company took a $1.9 million loss as license revenue fell slightly and overall sales grew just 6%. But in the second quarter, which closed July 31, sales surged and QAD returned to the black. Overall revenue totaled $64.2 million, 10% better than the $58.4 million recorded in the second quarter a year earlier, and 13% better than the first quarter's $56.6 million. QAD attributed much of the revenue growth to acquired products, which have been positioned as add-on modules to the company's technology. Specifically, the addition of Precision Software, a purveyor of transportation management software, in September 2006, and enterprise asset management specialist FBO Systems in November, accounted for $3.6 million in revenue. [Click to continue] |
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