September 24, 2022
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QAD income down but meets forecast

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Fourth quarter revenue fell 5 percent for Santa Barbara-based manufacturing software maker QAD to $78.6 million, while net income plunged to $410,000.¬† Earnings per share of 2 cents were down 91 percent from the same period in 2019, meeting analyst forecasts. For the full year, revenue fell 6 percent to $310.8 million, with an overall…

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