The daughter cells, produced after meiosis, have half the number of chromosomes and one-fourth of the DNA, when compared to their parent cells.
This is because meiosis is a process through which gametes are formed, and gametes are haploid cells. This means that they have one-half of the normal number of chromosomes as compared to the body cells of the organism. This halving of chromosomes is a vital process in producing genetic variation, because in this way, the offspring of the product of sexual reproduction receives traits from both of its parents.