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QAD Inc. (NASDAQ:QADA) is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life science products. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time.

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QAD, a leading provider of enterprise business software and services for global manufacturing companies, yesterday reported financial results for the fiscal 2012 second quarter ended July 31, 2011. Total revenue grew 21 percent to $62.0 million for the second quarter of fiscal 2012, compared with $51.3 million for the second quarter of fiscal 2011. Net income for the fiscal 2012 second quarter grew to $3.1 million, or $0.19 per diluted Class A share and $0.16 per diluted Class B share, versus net income of $0.3 million, or $0.02 per diluted Class A share and $0.02 per diluted Class B share, for the fiscal 2011 second quarter.

“We generated strong revenue growth this quarter, driven by year-over-year improvements in each of our business lines and across all of our geographies,” said Karl Lopker, chief executive officer of QAD. “Our top line performance, combined with ongoing expense controls, resulted in better than anticipated profitability.”

License revenue totaled $8.6 million for the fiscal 2012 second quarter, versus $5.9 million for the fiscal 2011 second quarter. Maintenance and other revenue was $35.4 million, compared with $31.3 million for last year’s second fiscal quarter. Professional services revenue was $15.7 million, versus $12.8 million for the second quarter of fiscal 2011. Subscription revenue, which includes QAD’s On Demand deployment option, was $2.3 million, compared with $1.3 million for last fiscal year's second quarter. For comparative purposes, revenue results by category for the prior year period have been recast to enable the presentation of subscription revenue in that period.

For more information about QAD, please visit: www.qad.com

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