Performance Made Record Breaking: QAD Reports Record Third Quarter Revenue

On November 20, 2007, QAD reported financial results for the fiscal 2008 third quarter and nine-month period ended October 31, 2007. QAD exceeded its revenue guidance for the third quarter, recording a solid 16 percent increase to $66.6 million, the largest third-quarter intake in the company's history!

Third Quarter Fiscal 2008 Highlights:

• QAD received orders from 19 customers representing more than $500,000 each in combined license, support and services billings, including four orders in excess of $1.0 million, one of which exceeded $2.0 million;
  


• QAD received license orders from global manufacturers across its six vertical markets, including Akebono Brake Industry, Ameri-Forge, Arthrex, Aspect Medical Systems, FN Manufacturing, FNH USA, Hamilton Pharmaceutical, Hormel Foods, Johnson Controls, PFD Food Services, Sun Power and Wielton;
  


• Under the existing stock repurchase program, QAD purchased approximately 226,000 shares of its common stock at an average price of $8.56 per share in the third quarter of fiscal 2008. Thus far in the 2008 fiscal year, QAD has purchased a total of 1.7 million shares at an average price of $8.24;
  


• The company released QAD Enterprise Applications 2007.1 (QAD 2007.1), both On Demand and On Premise, aimed at addressing the requirements of global manufacturers. QAD 2007.1 includes enhancements to the company's core product suite, including QAD Transportation Management System, QAD Supply Visualization, QAD Business Intelligence, QAD .NET UI and QAD QXtend;
  


• QAD entered into a strategic alliance with Plante & Moran, PLLC, a certified public accounting and management consulting firm specializing in the automotive and medical device industries, to help expand the company's reach into these industries in the U.S.;
  


• Independent research firm, Forrester Research, cited QAD as a leader in the Small & Medium Business edition of its Enterprise Applications Software Licensing and Pricing, Q4 2007 study. QAD was also named a Strong Performer in the large enterprise edition of the survey.

Read the complete press release for more information on this exciting news for QAD, customers and investors: QAD Reports Record Third Quarter Revenue