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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 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.




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Qad Inc's Asset Turnover



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