November 23, 2023
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QAD misses revenue estimates but shrinks net loss


First quarter revenue dipped at Summerland software producer QAD but net losses slimmed as it continued its transition from licensing revenue to recurring subscriptions.¬† Revenue of $74.1 million missed analyst estimates, but net loss shrank year-over year from $3.2 million in the previous first quarter to $410,000 for the quarter ended April 30, in line…


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