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QAD Inc. (Nasdaq: QADA, QADB) has entered a partnership with T.C.C. Technology Co., Ltd. (TCCtech) to expand its customer base in Thailand. This agreement positions TCCtech as a channel partner, allowing it to offer consultation for QAD Adaptive ERP solutions tailored for the Thai manufacturing sector. TCCtech aims to enhance its service offerings and reach small to mid-sized enterprises. The partnership is part of QAD's strategy to support manufacturers in adapting to market disruptions and leveraging technology for competitive advantage.
QAD Inc. (Nasdaq: QADA, QADB) reported a strong fiscal 2022 Q1, with total revenue of $83 million, up from $74.1 million the previous year. Subscription revenue surged 19% to $36.7 million, accounting for 44% of total revenue. Operating income improved to $761,000 from a loss of $933,000, while GAAP net income reached $1.8 million. The company’s cash balance increased to $153.1 million. QAD maintains positive outlook for Q2, forecasting subscription revenue of $38.5 million.
QAD Inc. (Nasdaq: QADA, QADB) has announced participation in three virtual investor conferences this June. CEO Anton Chilton, CFO Daniel Lender, and CAO Kara Bellamy will represent the company. Key dates include the William Blair Growth Stock Conference on June 2, the Baird Global Consumer, Technology & Services Conference on June 8, and the Stifel Cross Sector Insight Conference on June 9. Webcast archives of the presentations will be available on www.qad.com for 90 days following the events.
QAD Inc. (Nasdaq: QADA, QADB) recently hosted its QAD Tomorrow global thought stream, focusing on optimizing supply chain management for manufacturers. The event featured discussions on supplier management challenges and introduced the Integrated Supplier Management Diagnostic Tool, designed to assess and enhance supplier relationships. CEO Anton Chilton emphasized the need for real-time data to navigate supply disruptions effectively. With over 2,000 manufacturers relying on QAD's solutions, the company aims to enable businesses to adapt and thrive amidst ongoing market changes.
QAD Inc. (NASDAQ: QADA, QADB) will report its financial results for the first quarter of fiscal year 2022 on May 26, 2021, after market close. A conference call is scheduled for 5 p.m. ET the same day, allowing investment professionals to discuss the outcomes. QAD specializes in cloud-based software solutions for global manufacturers, enabling rapid adaptation to market changes. Founded in 1979, the company supports over 2,000 manufacturing firms across various sectors, providing tools for enterprise resource planning, supply chain management, and more.
QAD Inc. has announced the promotion of Roberto Gandini to lead business development for QAD in Italy. His responsibilities include expanding the company's partnership program, which is crucial for enhancing QAD's presence in Italy's manufacturing sector. Gandini, who has extensive experience in the ERP industry and previously served as Director of Professional Services, aims to grow QAD's customer base and partner network. The QAD Global Partner Network comprises over 100 partners, supporting more than 2,000 manufacturing companies globally.
QAD Precision has been recognized as a Representative Vendor in the 2021 Gartner Market Guide for Global Trade Management. This acknowledgment highlights the importance of integrating global trade management solutions with logistics technologies. According to Corey Rhodes, President of QAD Precision, this designation underscores the value that customers gain by automating global trade processes. The company aims to streamline logistics operations and improve efficiency through its comprehensive solutions.
QAD Inc. (Nasdaq: QADA, QADB) announced the registration opening for its global event, QAD Tomorrow, scheduled for May 19. CEO Anton Chilton emphasized the ongoing supply chain challenges faced by manufacturers, worsened by COVID-19. The event aims to educate attendees on managing supply chain risks and enhancing operational efficiency. Registration is free and available until the event date. After the event, attendees will receive an online diagnostic to assess their supply chain preparedness and identify best practices for overcoming challenges.
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 common stock. This payment is scheduled for May 5, 2021, to shareholders on record as of April 28, 2021. The Board's decision on future dividends will be based on the company's profitability and liquidity. QAD specializes in cloud-based enterprise software for global manufacturers, serving over 2,000 clients across various industries, helping them adapt to rapid changes and innovate their business models.
