CLOUD TAKES TOLL ON QAD
- Thursday, 17 March 2016
- News and Analysis
The switch to the cloud, combined with the impact of currency changes, cut a swath through the QAD revenue line for the year ended January 31. The impact of the stronger dollar chopped $19.9 million from fiscal 2016 revenue. And so revenue fell to $277.9 million for the most recently ended year, down 5.8 percent from $295.1 million for fiscal 2105. On a constant currency basis, revenue was up 1 percent.
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