American Software (AMSWA) Tops Q2 EPS by 4c, Revenues Miss

American Software (NASDAQ: AMSWA) reported Q2 EPS of $0.07, $0.04 better than the analyst estimate of $0.03. Revenue for the quarter came in at $28 million versus the consensus estimate of $28.59 million.

“We continued to execute on key strategic initiatives during the second quarter of fiscal year 2019, including our continued momentum towards Software-as-a-Service (SaaS) subscriptions as the preferred customer engagement method, highlighted by our 46% increase in Cloud Services Annual Contract Value (ACV), which was fueled by a 64% increase in SaaS subscriptions,” said Allan Dow, president of American Software. “In August, 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 further validates our long-standing leadership in developing innovative software and services solutions that help companies of all sizes mitigate risk, increase profitability and optimize their digital supply chains.”

“We strive to make it easy for customers to gain more value from our industry-leading solutions, and our continuing development of innovative software and services to power the digital supply chain is helping our customers reach new levels of productivity,” continued Dow. “I am energized by our overall position in the supply chain solutions market and the opportunity to help our customers transform their digital supply chains, 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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