Company:

QAD Inc

The QAD Inc corporation summed up the results of the fourth quarter and all 2011 financial year and will pay dividends to shareholders of a class A in the amount of 0.06 dollars for the stock and a class B – 0.05 dollars for the stock.

The QAD company, the leading supplier of business applications and services for world production companies, announced results of the fourth quarter which ended on January 31, 2011 and all financial year. Comprehensive income for the fourth quarter was 62.5 million dollars, is 19% more, than for the same period of last year. Licensing fees increased by 79%, income from rendering services – for 21%, income from technical support, etc. – for 5%. The net profit of corporation was 3.1 million dollars (in the fourth quarter last year it made only 685 thousand dollars). In the first quarter the company expects the next financial year (on February 1 – on April 30, 2011) to gain income about 56 million dollars.

"Income grew in all directions of business, is especially noticeable – in licensing fees. Activation of sales and focus on cost management led to significant growth in net profit. It was our most profitable quarter in a year with superfluous", – Karl Lopker, the chief executive of QAD explained. "We have good opportunities for growth as our clients – production companies – continue to benefit by the improving economic conditions", – he added.

In general for all 2011 financial year QAD gained income of 220 million dollars. Net profit was 3.9 million dollars, against 1.3 million in 2010 financial year. The balance of money as of January 31 was nearly 67.3 million dollars.

The most important events of the fourth quarter of 2011 financial year:

• it is received orders for the amount exceeding 500 thousand dollars – 37, including for the amount exceeding 1 million dollars – 14
• purchase orders of licenses from such large companies representing target markets of QAD as Adium Pharma S.A., Argon Medical Devices, Dakota Growers Corporation, Eaton Corporation, Fujikura Electronics, General Mills India Pvt Ltd, Scotts International and Visteon Corporation are received - QAD is recognized by the pioneer in providing full-fledged Enterprise resource planning according to the SaaS model (according to Aberdeen Group)
• the director of the automobile QAD direction is mentioned by an award of AIAG for powerful in completion of the international standard of automotive industry of MMOG/LE
• registration for a conference of users of QAD Explore 2011 is open
• the plan of recapitalization designed to increase financial flexibility of corporation is complete

On April 7 it was announced that based on the fourth quarter of 2011 financial year common shareholders of a class A will receive dividends 0.06 dollars for the stock, and ordinary shares of a class B – 0.05 dollars. QAD will pay dividends since July 12 cash or unprivileged actions of a class A (at the choice of the shareholder).

See also QAD Corporation: financial results of the third quarter

Financial results of QAD Inc are more detailed. – on the website of the authorized distributor of products of QAD in Russia BSB (Bee Es Bee LLC)