Given the current uncertainty related to COVID-19 and its economic and social implications, we are not providing full year guidance at this time. For our quarterly guidance, given the travel and other restrictions currently in place in most countries, our professional services and license revenues could vary significantly. As a result, we are not providing our normal guidance and will only provide guidance for our recurring revenue, which consists of subscription revenue and maintenance revenue. We estimate first quarter recurring revenue will account for over 75% of our total revenues.
For the fiscal 2021 first quarter, QAD expects:
- Subscription revenue of $31 million.
- Maintenance revenue of $27 million.