Qad Inc (QADB)
| Sector • Technology Industry • Software & Programming |
| Industry • Software & Programming |
| Sector • Technology |
Earnings supported by $0.53 million provisions on income taxes
A $0.53 million in provisions on taxes, supported Qad Inc to present $0.03 eps in the most recent fiscal period
Published Mar 24 2023
Goran Soko / CSIMarket.com Contributer
![Laptop_women_By_Petar_Milosevic_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons](../news/img/software/Laptop_women_By_Petar_Milosevic_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons.jpg "Laptop_women_By_Petar_Milosevic_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons")
QADB revealed contraction in earnings per share by -66.67 % to $0.03 and Revenue decrease by -2.122 % to $69.78 million in the second quarter of 2017, year on year. From the previous financial reporting period, net profit per share turned positive from $-0.15 per share and revenue grew by 6.699 % from $65.40 million.
Earnings of $0.600 million in the second quarter of 2017 fell by -63.21 % from $1.631 million in the corresponding period a year before.
Looking further into Qad Incs' results, the situation for Qad Inc would be even difficult, without the $0.53 million provisions on taxes, to slow down the downturn to just -63.21 % in the second quarter of 2017.