I wasn’t able to attend QAD’s Explore customer event this year. But the power of the web let me follow along for keynotes and Derek Singleton from Software Advice shared with me a couple of videos he shot with Phil Freidman, VP of industry and product marketing talking about the three key areas of focus of the conference: Business Intelligence (BI), mobility and cloud. Sound familiar? Yes mobility and cloud are hot topics with regard to any enterprise applications today and BI functionality embedded with Enterprise Resource Planning (ERP) is also drawing significant attention. ERP solutions have always been good at collecting and storing mountains of data but that data has often (and notoriously) been hard to extract for decision making.
QAD’s approach has been to combine BI with mobility. Its BI suite is now about one year old and therefore has achieved some level of maturity. It comes with a schema and data base model built in for QAD applications, but also is able to bring in external data (think potentially massive data from retailers). The analytics feature “what if” and “drill down” capabilities as well as integration with other solutions and what QAD calls “outbound transformation” (think export data to Excel). The tie-in to mobile is through iPhone and Android devices and a new release that brings a more robust BI solution to the iPad. Look for more mobile applications (e.g. for approvals) coming in the future.
I also heard an update today on “On Demand” by listening in to QAD’s first quarter (for fiscal year 2012) earnings call and heard subscription revenue, which includes QAD’s on demand deployment option, was $2.2 million, compared with $1.1 million for the same period last fiscal year. QAD offers its On Demand ERP worldwide and has been particularly successful in life sciences and automotive. It signed eight new ERP on demand sites in Q1 2012. Other positive news on the call –
- Total revenue grew 17% to $59.4 million for the first quarter of fiscal 2012, compared with $50.8 million for the first quarter of fiscal 2011
- Professional services revenue was the biggest driver of growth to $16.5 million, compared with $12.3 million for the first quarter of fiscal 2011
- Net income for the fiscal 2012 first quarter grew to $1.0 million, versus a net loss of $1.2 million, for the fiscal 2011 first quarter
Good to see one of the last single product ERP vendors back in the black and on track for what are proving to be the hottest trends in ERP in 2011. Listen to Phil for yourself:
And here’s a link to Software Advice’s manufacturing page: http://www.softwareadvice.com/manufacturing/