On March 13, QAD reported financial results for fiscal 2001. Although the company finally posted a profit in the last quarter, the sharp revenue decline and still outstanding product delivery may mean that the dark clouds will hang over it for a while.
Finally Breaks The Red Ink Streak, But… QAD Finally Breaks The Red Ink Streak, But P.J. Jakovljevic - April 6, 2001 Event Summary On March 13, QAD Inc . (NASDAQ: QADI), a provider of enterprise applications for manufacturing and distributing organizations, reported revenue of $59.2 million for the fourth quarter ended January 31, 2001, a 16.4% decline compared with $70.9 million for the fourth quarter of fiscal year 2000 (See Figure 1). However, QAD claims that its year-ago revenue figure was