American Software (AMSWA) Tops Q1 EPS by 4c

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Go back to American Software (AMSWA) Tops Q1 EPS by 4c

American Software Reports Preliminary First Quarter of Fiscal Year 2016 Results

August 27, 2015 4:05 PM EDT

Revenue Increases 16%, Operating Earnings Increases 77%, and Net Earnings Increases 68% for the Quarter

ATLANTA--(BUSINESS WIRE)-- American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the first quarter of fiscal 2016. The Company increased License fee revenue by 12% and Total Revenues by 16% driving a 68% increase in Net Earnings for the first quarter. Cloud Service Annual Contract Value (ACV) increased by approximately 191% compared to the same period of the prior year.

Key first quarter financial metrics:

Total revenues for the quarter ended July 31, 2015 were $28.9... More