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QAD Inc. (Nasdaq: QADA, QADB) will participate in the William Blair 5th Annual Tech Innovators Conference on March 11, 2021, at 10:00 AM ET. CEO Anton Chilton, CFO Daniel Lender, and CAO Kara Bellamy will present and hold one-on-one investor meetings. QAD, headquartered in Santa Barbara, California, provides adaptive, cloud-based enterprise software for global manufacturers, helping them adapt to rapidly changing market conditions. Founded in 1979, QAD supports over 2,000 manufacturing clients worldwide.
QAD Precision has achieved Veracode Verified Team Tier status, demonstrating its commitment to secure software development. This program validates QAD Precision's application security through rigorous testing, ensuring high standards and reduced risks for customers. Key security gates implemented include static analysis, flaw documentation, and developer training. QAD Precision's software solutions integrate with existing ERP and WMS systems, enhancing global supply chain operations. President Corey Rhodes emphasized the importance of secure code for their major clients, including banks and life sciences companies.
QAD DynaSys has announced its achievement of Veracode Verified Standard Status, confirming its commitment to secure software development practices. This status demonstrates that QAD DynaSys DSCP undergoes rigorous security testing, ensuring high application security standards. Key security measures implemented include static analysis of first-party code, documentation of flaws, and remediation guidance for developers. Established in 1985, QAD DynaSys continues to optimize supply chains through its advanced digital supply chain planning solutions.
QAD Inc. (NASDAQ: QADA, QADB) will announce its financial results for the fourth quarter of fiscal year 2021 on March 24, 2021, after trading hours. The company will hold a conference call at 5 p.m. ET to discuss performance details. QAD specializes in cloud-based enterprise software for manufacturers, helping them adapt to rapid changes in technology and consumer preferences. Founded in 1979 and based in Santa Barbara, California, QAD serves over 2,000 manufacturing companies globally.
QAD Inc. (Nasdaq: QADA, QADB) has successfully completed the acquisition of Allocation Network GmbH, a Munich-based provider specializing in strategic sourcing and supplier management. This acquisition aims to bolster QAD's suite of cloud-based enterprise solutions, enhancing procurement capabilities and profitability for global manufacturers. Key features of Allocation Network’s offerings include supplier management, sourcing, collaboration, and auction services. QAD’s CEO emphasized the strategic importance of this acquisition for cloud growth initiatives.
QAD Inc. (Nasdaq: QADA, QADB) has announced a definitive agreement to acquire Allocation Network GmbH, enhancing its supplier management and procurement capabilities. The acquisition aligns with QAD's strategy to leverage its global reach and support cloud growth. Expected to close by the end of 2020, it will integrate Allocation Network's services into QAD's offerings, aiding customers in streamlining procurement processes. Notably, Allocation Network's strong presence in Germany's automotive market reinforces QAD's position in a key industry segment.
QAD Inc. (Nasdaq: QADA, QADB) has declared a quarterly cash dividend of $0.072 per share for Class A and $0.06 for Class B stock, payable on January 7, 2021. Shareholders must be on record by the close of business on December 29, 2020. Future dividends are contingent upon Board approval, focusing on profitability and liquidity. QAD is a leader in enterprise software for global manufacturers, providing solutions that enable companies to adapt and innovate amid changing market demands.
QAD DynaSys has been selected by CERP Rhin Rhône Méditerranée, a French pharmaceutical distributor, to implement its Retail Planning solution. This solution encompasses demand, distribution, procurement planning, and advanced analytics to enhance supply chain efficiency. CERP Rhin Rhône Méditerranée, with an annual revenue of €2.125 billion and a workforce of 1,700, aims to improve customer service and adapt to a complex global market. The partnership leverages QAD's cloud solutions and advanced technology for continuous improvement in planning processes.
QAD Inc. (Nasdaq: QADA) reported its fiscal 2021 third quarter results, with total revenue at $76.7 million, slightly down from $77.8 million in fiscal 2020. Subscription revenue surged by 24% to $33.8 million, accounting for 44% of total revenue. GAAP net income increased to $3.2 million, compared to $125,000 a year earlier. For the first nine months of fiscal 2021, total revenue was $224.9 million, down from $232.2 million, with subscription revenue up 22% to $95.6 million. The company projects subscription revenue of $35 million and maintenance revenue of $26 million for Q4.
QAD Inc. (Nasdaq: QADA) announced its participation in the Veracode Verified program, affirming its commitment to secure software development. The implementation of rigorous security testing for its QAD Adaptive ERP 2020.1 highlights the company's focus on reducing customer risks associated with application vulnerabilities. By achieving Veracode Verified Standard Status, QAD demonstrates that its software meets high security standards, which is crucial for maintaining customer confidence. This program includes assessing first-party code, documenting flaws, and providing remediation guidance.
