We have included several news items from last week to this week’s recap as there were some notable developments during the shortened holiday week. The most pertinent to us was the publication of the United States Postal Services’ monthly trial balance data prior to Thanksgiving, which revealed a 39% Y/Y increase in PC Postage revenue in October.
Read MoreQAD (QADA) reported fiscal Q3 ’21 results ahead of expectations. Much like the manufacturing economy has taken flight after a hard landing brought on by the pandemic, QAD’s sales engine is revving once again as evidenced by a 50% Y/Y increase in the value of deals closed during the quarter.
Read MoreAs the holiday season approaches, we want to wish everyone a safe and Happy Thanksgiving. Despite a myriad of challenges in 2020, there is still much to be thankful for and the potential to end the year on a high note.
Read MoreQAD (QADA) reports fiscal Q3 ’21 results after the market closes on Tuesday, November 24. Our estimates are generally in line with consensus, reflecting flattish sequential growth on the top line and a downtick in margins due to increased spending on sales and marketing.
Read MoreA promising development in the fight against COVID-19 seemingly prompted a rotation out of software stocks, many of which have performed exceedingly well since the broad market sell-off at the onset of the pandemic.
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