American Software (AMSWA) Tops Q1 EPS by 1c, Revenues Miss

American Software (NASDAQ: AMSWA) reported Q1 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $27.4 million versus the consensus estimate of $28.68 million.

“Our first quarter fiscal year 2019 results reinforce our continued momentum towards Software-as-a-Service (SaaS) subscriptions as the preferred customer engagement method which is highlighted by our 71% increase in Cloud Services Annual Contract Value (ACV), fueled by a 93% increase in SaaS subscriptions,” said Allan Dow, president of American Software. “Last week, both Logility and Demand Management were recognized as Leaders in the 2018 Gartner Magic Quadrant for Supply Chain Planning System of Record. We believe this recognition highlights our long-standing leadership in developing innovative solutions that help companies of all sizes mitigate risk, increase profitability and optimize their digital supply chains.”

“Our continuing investments in innovative software and services to power the digital supply chain are helping our customers reach new levels of productivity,” continued Dow. “Digitization drives a new wave of supply chain productivity which is more intelligent, responsive, scalable and collaborative, helping our customers gain new insights and make better decisions faster.”

For earnings history and earnings-related data on American Software (AMSWA) click here.

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