QADI Jumps On Prudent Fiscal Results - sourced PicksThatMove.com
QAD Inc., InfoSonics Corporation
Calgary, AB 11/25/2009 06:27 PM GMT (TransWorldNews)
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QADI Jumps On Prudent Fiscal Results
The hot stock information of the day includes: QADI, IFON
QAD Inc. (NASDAQ:QADI) climbed 29.88% up to $5.65 on news the company released fiscal 2010 Q3 results late yesterday. QAD showed resilience during the most severe global economic downturn since the Great Depression, reporting small declines from one year ago; with stable growth trends over the last nine months. Revenue narrowed to $56.2 million for the third quarter, from $67.8 million for the same period last year, and up from $51.3 million for the fiscal 2010 second quarter. The company successfully mitigated the economic climate by decreasing total operating expenses to $28.1 million, from $37.1 million for the third quarter of last year. Headquartered in Santa Barbara, California, QAD Inc. is a software company providing professional services and application support for manufacturing companies. QAD has long term business alliances with Progress Software Corporation and Microsoft Corporation. The company’s software is used for logistics and supply chain operations which allow for facilitated management of inventories, fulfilment, performance management, reporting, budgets etc.
InfoSonics Corporation (NASDAQ:IFON) jumped 33.21% up to $1.41 on no news with volume quadrupling today. Headquartered in San Diego, California, InfoSonics Corporation designs software for the telecommunication market and distributes wireless handsets and accessories in Latin America. The company provides sales, marketing and customer support though its sales offices and facilities throughout Latin America, including Argentina, El Salvador, Guatemala, Chile, and Colombia.
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