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QAD Inc. (NASDAQ: QADA, QADB) will announce its financial results for the fourth quarter of fiscal year 2021 on March 24, 2021, after trading hours. The company will hold a conference call at 5 p.m. ET to discuss performance details. QAD specializes in cloud-based enterprise software for manufacturers, helping them adapt to rapid changes in technology and consumer preferences. Founded in 1979 and based in Santa Barbara, California, QAD serves over 2,000 manufacturing companies globally.
QAD Inc. (Nasdaq: QADA, QADB) has successfully completed the acquisition of Allocation Network GmbH, a Munich-based provider specializing in strategic sourcing and supplier management. This acquisition aims to bolster QAD's suite of cloud-based enterprise solutions, enhancing procurement capabilities and profitability for global manufacturers. Key features of Allocation Network’s offerings include supplier management, sourcing, collaboration, and auction services. QAD’s CEO emphasized the strategic importance of this acquisition for cloud growth initiatives.
QAD Inc. (Nasdaq: QADA, QADB) has announced a definitive agreement to acquire Allocation Network GmbH, enhancing its supplier management and procurement capabilities. The acquisition aligns with QAD's strategy to leverage its global reach and support cloud growth. Expected to close by the end of 2020, it will integrate Allocation Network's services into QAD's offerings, aiding customers in streamlining procurement processes. Notably, Allocation Network's strong presence in Germany's automotive market reinforces QAD's position in a key industry segment.
QAD Inc. (Nasdaq: QADA, QADB) has declared a quarterly cash dividend of $0.072 per share for Class A and $0.06 for Class B stock, payable on January 7, 2021. Shareholders must be on record by the close of business on December 29, 2020. Future dividends are contingent upon Board approval, focusing on profitability and liquidity. QAD is a leader in enterprise software for global manufacturers, providing solutions that enable companies to adapt and innovate amid changing market demands.