Exhibit 99.1

For More Information, Contact:
John Neale	Laurie Berman
QAD Vice President and Treasurer	PondelWilkinson Inc.
805.566.5117	310.279.5980
investor@qad.com	investor@pondel.com

QAD ANNOUNCES FISCAL 2009 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

Non-Cash Goodwill Impairment Charge, Other Items Impact Results

SANTA BARBARA, Calif. — March 12, 2009 — QAD Inc. (Nasdaq: QADI), a global provider of enterprise software and services, today reported financial results for the fiscal 2009 fourth quarter and full year ended January 31, 2009.

Total revenue was $59.3 million for the fourth quarter of fiscal 2009, compared with $75.3 million for the fourth quarter of fiscal 2008, reflecting a previously announced pullback or delay in spending by the company’s global manufacturing customer base. License revenue was $10.2 million, compared with $22.4 million for the fiscal 2008 fourth quarter. Maintenance and other revenue was $32.4 million, versus $33.1 million for the fourth quarter of fiscal 2008. Services revenue was $16.7 million, compared with $19.8 million for last fiscal year’s fourth quarter.

Net loss for the fiscal 2009 fourth quarter was $17.4 million, or $0.57 per share, which included a non-cash goodwill impairment charge of $14.4 million related to the company’s EMEA business segment, as well as $3.3 million in severance costs related to the company’s recent workforce reduction and bad debt expense of $0.7 million. Net income for the fourth quarter of fiscal 2008 was $5.2 million, or $0.16 per diluted share.

“Our results were significantly affected this quarter by the impact of the global economic downturn that was experienced by our customers around the world,” said Karl Lopker, chief executive officer of QAD. “We have taken several proactive steps to ensure QAD is operating as efficiently as possible during this challenging time, including a workforce reduction that is expected to result in annual savings of approximately $14 million. We are carefully monitoring the environment and will continue to take decisive action to ensure the company’s long-term health. We are working closely with our customers to understand the impact of the economy on their businesses to make sure we are providing them with products and services that help them address their current challenges and succeed in this environment,” Lopker concluded.

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QAD Inc.
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Gross margin for the fourth quarter of fiscal 2009 was 53 percent, compared with 59 percent for the fourth quarter of fiscal 2008, primarily attributable to changes in the company’s overall revenue mix and a reduction in services margin.

Total operating expenses were $50.2 million, or 85 percent of total revenue, for the fiscal 2009 fourth quarter, including the non-cash goodwill impairment charge, severance costs and bad debt expense. Excluding these items, total operating expenses were approximately $31.8 million, or 54 percent of total revenue. Total operating expenses were $39.5 million, or 52 percent of total revenue, for the fourth quarter of fiscal 2008.

Operating loss for the fiscal 2009 fourth quarter was $18.8 million, including $1.0 million in stock compensation expense. This compares with operating income of $4.7 million, including $1.8 million in stock compensation expense, for the fourth quarter of the prior fiscal year.

For the fiscal year ended January 31, 2009, total revenue was $263.4 million, versus $262.7 million for fiscal 2008. Operating loss for fiscal 2009 was $23.2 million, including $5.5 million in stock compensation expense. Last year operating income was $5.6 million, including $6.2 million in stock compensation expense. Net loss was $21.4 million, or $0.70 per share, in fiscal 2009, compared with net income of $5.4 million, or $0.17 per diluted share, for fiscal 2008.

Cash flow used in operations was $2.5 million for the fourth quarter of fiscal 2009, versus cash flow provided by operations of $4.4 million for the fourth quarter of fiscal 2008. For the full 2009 fiscal year, cash flow provided by operations was $7.2 million, versus $15.9 in the prior fiscal year.

QAD’s cash and cash equivalents balance at January 31, 2009 was $31.5 million, compared with $45.6 million at January 31, 2008. The decrease in the cash and cash equivalents balance was primarily attributable to $7.1 million of acquisition related payments and $5.3 million in payments for dividends and stock repurchases during fiscal 2009.

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Fourth Quarter Fiscal 2009 Highlights:

• Received orders from 27 customers representing more than $500,000 each in combined license, support and services billings, including seven orders in excess of $1.0 million and three in excess of $2.0 million;

• Received license orders from companies across QAD’s six vertical markets including, among others: Altlas Copco, Ball Corporation, Elmira Pet Products, FEI Company, Flakt Woods Group, Genzyme Corporation, GKN Plc, Magna International, Omnia Group, Oras Oy, Saputo Cheese and Schlumberger;

• As part of QAD’s initiative to provide a full suite of products to its customers, the company established a partnership with Parametric Technology Corporation (PTC) to offer its Product Lifecycle Management product suite to QAD customers. The partnership helps customers cut costs while driving efficiencies and improving compliance;

• Held European regional user conference, Explore EMEA in Sorrento, Italy, where the company debuted the latest release of QAD Enterprise Applications, aimed at delivering Total Enterprise Capabilities for its customers.

Business Outlook
Given continued uncertainty in the global marketplace, QAD is not providing its normal outlook for the 2010 fiscal year. For fiscal 2010, QAD said that its primary focus is on profitability and that it is continuing to take the necessary steps to streamline its business and allow it to achieve profitability at lower revenue levels. For the first quarter of fiscal 2010, the company currently expects revenue approximately 10% lower than in the fourth quarter of fiscal 2009. Given the timing of some of the company’s cost savings initiatives, QAD is currently forecasting a small operating loss in the first quarter of fiscal 2010.

Investor Conference Call
QAD management will host an investor conference call today at 2:00 p.m. PT (5:00 p.m. ET) to review the company’s financial results and operations for the fiscal 2009 fourth quarter. The conference call will be webcast live and is accessible through the investor relations section of QAD’s Web site at www.qad.com, where it will be available for approximately one year.

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About QAD
QAD is a leading provider of enterprise applications for global manufacturing companies. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. Manufacturers of automotive, consumer products, electronics, food and beverage, industrial and life science products use QAD applications in more than 90 countries and in as many as 27 languages. For more information about QAD, telephone +1 805-566-6000, or visit the QAD Web site at www.qad.com.

“QAD” is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

Note to Investors: This press release contains certain forward-looking statements made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company’s software products and products that operate with the company’s products; the company’s ability to sustain license and service demand; the company’s ability to leverage changes in technology; the company’s ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company’s products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations, ability to achieve savings from cost cutting measures; and, the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter’s results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company’s Annual Report on Form 10-K for fiscal 2008 ended January 31, 2008.

— Financial Tables Follow —

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QAD Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
(unaudited)

	Three Months Ended						Twelve Months Ended
	January 31,						January 31,
	2009			2008			2009			2008
Revenue:
License fees	$	10,225		$	22,409		$	46,673		$	61,491
Maintenance and other		32,376			33,093			133,717			128,183
Services		16,721			19,796			83,050			73,073
Total revenue		59,322			75,298			263,440			262,747
Cost of revenue:
Cost of license fees		2,278			3,577			9,752			9,794
Cost of maintenance, service and other revenue		25,619			27,541			111,819			101,072
Total cost of revenue		27,897			31,118			121,571			110,866
Gross profit		31,425			44,180			141,869			151,881
Operating expenses:
Sales and marketing		17,087			19,862			73,025			71,016
Research and development		9,942			10,694			43,107			41,069
General and administrative		8,583			8,733			33,763			33,459
Amortization of intangibles from acquisitions		175			173			734			749
Impairment of goodwill		14,406			—			14,406			—
Total operating expenses		50,193			39,462			165,035			146,293
Operating (loss) income		(18,768	)		4,718			(23,166	)		5,588
Other (income) expense:
Interest income		(220	)		(530	)		(1,433	)		(2,243	)
Interest expense		297			337			1,245			1,362
Other (income) expense, net		(700	)		289			(244	)		720
Total other (income) expense		(623	)		96			(432	)		(161	)
(Loss) income before income taxes		(18,145	)		4,622			(22,734	)		5,749
Income tax (benefit) expense		(721	)		(626	)		(1,326	)		333
Net (loss) income	$	(17,424	)	$	5,248		$	(21,408	)	$	5,416
Basic net (loss) income per share	$	(0.57	)	$	0.17		$	(0.70	)	$	0.17
Diluted net (loss) income per share	$	(0.57	)	$	0.16		$	(0.70	)	$	0.17
Basic weighted shares		30,731			30,988			30,675			31,617
Diluted weighted shares		30,731			31,894			30,675			32,355

QAD Inc.
Condensed Consolidated Balance Sheets
(In thousands)
(unaudited)

	January 31,			January 31,
	2009			2008
Assets
Current assets:
Cash and equivalents	$	31,467		$	45,613
Accounts receivable, net		70,954			83,027
Other current assets		19,092			22,742
Total current assets		121,513			151,382
Property and equipment, net		41,438			42,450
Capitalized software costs, net		5,699			8,783
Goodwill		6,237			22,591
Other assets, net		20,425			10,687
Total assets	$	195,312		$	235,893
Liabilities and stockholders’ equity
Current liabilities:
Current portion of long-term debt	$	266		$	274
Accounts payable and other current liabilities		43,575			52,913
Deferred revenue		80,695			89,349
Total current liabilities		124,536			142,536
Long-term debt		16,717			16,998
Other liabilities		4,324			3,764
Stockholders’ equity:
Common stock		35			35
Additional paid-in capital		139,930			135,362
Treasury stock		(36,614	)		(36,336	)
Accumulated deficit		(46,791	)		(21,596	)
Accumulated other comprehensive loss		(6,825	)		(4,870	)
Total stockholders’ equity		49,735			72,595
Total liabilities and stockholders’ equity	$	195,312		$	235,893

QAD Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(unaudited)

	Twelve Months Ended
	January 31,
	2009			2008
Net cash provided by operating activities	$	7,151		$	15,875
Cash flows from investing activities:
Purchase of property and equipment		(6,235	)		(5,165	)
Restricted cash		—			1,575
Capitalized software costs		(894	)		(1,428	)
Acquisitions of businesses, net of cash acquired		(7,059	)		(4,749	)
Proceeds from sale of marketable securities		275			—
Proceeds from sale of property and equipment		(1	)		104
Net cash used in investing activities		(13,914	)		(9,663	)
Cash flows from financing activities:
Repayments of debt		(288	)		(277	)
Proceeds from issuance of common stock		583			2,910
Excess tax benefits from share-based payment arrangements		75			216
Changes in cash overdraft		468			649
Repurchase of common stock		(2,219	)		(18,723	)
Dividends paid		(3,067	)		(3,188	)
Net cash used in financing activities		(4,448	)		(18,413	)
Effect of exchange rates on cash and equivalents		(2,935	)		3,622
Net decrease in cash and equivalents		(14,146	)		(8,579	)
Cash and equivalents at beginning of period		45,613			54,192
Cash and equivalents at end of period	$	31,467		$	45,613