QAD Inc. provided earnings results for the first quarter ended April 30, 2013. For the quarter, the company anticipated total revenue will be approximately $62 million. Previously, the company expected total revenue of approximately $65 million. Operating income was negatively affected by sales commissions and bonuses related to the On Demand transactions. The company expects to report a loss per share of approximately $0.08 per Class A share and a loss per share of approximately $0.07 per Class B share. Previously, the company expected earnings of approximately $0.09 per diluted Class A share and $0.07 per diluted Class B share.

QAD Inc. announced that its board of directors has declared a quarterly cash dividend of $0.072 per share of Class A common stock and $0.06 per share of Class B common stock payable on May 15, 2013 to shareholders of record at the close of business on May 8, 2013.

QAD Inc. announced a new managed service in the cloud that addresses the needs of companies transacting via Electronic Data Interchange (EDI). QAD Managed EDI is fully integrated with QAD Enterprise Applications and delivered in partnership with Data Interchange, a leading provider of EDI and eBusiness solutions. QAD Managed EDI provides end-to-end services that simplify global e-commerce and collaboration with trading partners across the value chain. As an extension of QAD Enterprise Applications, QAD Managed EDI provides a scalable solution for companies to rapidly implement and standardize EDI across their global enterprise. Leveraging Data Interchange's 25 years of successfully delivering EDI services and solutions and robust transaction handling infrastructure, QAD Managed EDI extends the power of an integrated EDI e-commerce solution with QAD Enterprise Applications while offering the simplicity of a fully managed service. QAD Managed EDI helps manufacturing companies reduce the cost of integrating with their suppliers and customers and enables quick on-boarding without process breakdowns and compliance violations. Using QAD Managed EDI, customers can rapidly achieve the electronic connectivity and integration they require with trading partners. QAD Managed EDI provides streamlined capabilities that include communications, translation, full enterprise resource integration, business process management and business activity management. QAD Managed EDI provides companies with a dedicated account manager, implementation and ongoing support services. Selecting QAD Managed EDI frees customers to focus on strategic initiatives.