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QAD Reports Fiscal 2022 First Quarter Financial Results

QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of next generation manufacturing and supply chain solutions in the cloud, today reported financial results for the fiscal 2022 first quarter ended April 30, 2021. ....

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Bank of Montreal Tops Estimates on Decline in Loan-Loss Reserves

(Bloomberg) Bank of Montreal posted fiscal first-quarter profit that topped analysts’ estimates, helped by an improving credit outlook that allowed it to reserve less to protect against potential loan losses.Canada’s fourth-largest lender by assets set aside C$156 million ($124 million) in provisions against loan losses in the three months through January, down 64% from the fourth quarter.Key InsightsBank of Montreal’s capital-markets unit continued to post strong results, helped by rising and volatile stock markets. Profit in the unit rose 36% from a year earlier, driven by higher trading revenue.With the pandemic restraining overall revenue gains, controlling costs will be key across the Canadian banking sector. Bank of Montreal’s non-interest expenses fell 1.5% from a year earlier.Earnings for personal and commercial banking climbed in both Canada and in the U.S., where profit surged from a year earlier, driven by revenue gains in banking for businesses ....

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Vodafone Sales Rise After Germans Spend More on Broadband

Vodafone Sales Rise After Germans Spend More on Broadband
Bloomberg
2/3/2021
© Photographer: Jason Alden
Vodafone store in London, U.K.
(Bloomberg) Vodafone Group Plc’s sales rose unexpectedly for the first time since March after German consumers stuck at home during the pandemic spent more on mobile and broadband services. Its shares rose 3.2%.
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The Newbury, England-based mobile carrier said third-quarter organic service revenue rose 0.4%, compared to the 0.2% decline expected by analysts.The company stuck to its guidance for full-year adjusted earnings before interest, taxes, depreciation and amortization of between 14.4 billion euros and 14.6 billion euros ($17.3 billion-$17.6 billion).
Key InsightsCable customers in Germany upgraded to costlier plans during the quarter, helping to vindicate Chief Executive Officer Nick Read’s purchase of Liberty Global’s German fixed business Unitymedia.The sales gain follows two ....

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