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

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American Software Reports Preliminary First Quarter of Fiscal Year 2019 Results

September 4, 2018 4:05 PM EDT

Cloud Services Annual Contract Value Increases 71%

ATLANTA--(BUSINESS WIRE)-- American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the first quarter for fiscal year 2019.

Key First quarter financial highlights:

Cloud Services Annual Contract Value (ACV) increased approximately 71% to $13.2 million as of the quarter ended July 31, 2018 compared to $7.7 million as of the same period of the prior year. ACV consists of Software-as-a-Service (SaaS) of $10.4 million, a 93% increase when compared to approximately $5.4 million for the same period last year, and other cloud services of $2.8... More