American Software (AMSWA) Tops Q1 EPS by 2c

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Go back to American Software (AMSWA) Tops Q1 EPS by 2c

American Software Reports Preliminary First Quarter of Fiscal Year 2020 Results

August 28, 2019 4:05 PM EDT

Subscription Fees Increase 41% for the Quarter and Cloud Services Annual Contract Value Increases 54%

ATLANTA--(BUSINESS WIRE)-- American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the first quarter of fiscal year 2020.

Key first quarter financial highlights:

Subscription fees were $4.5 million for the quarter ended July 31, 2019, a 41% increase compared to $3.2 million for the same period last year, while software license revenues were $1.8 million, a 4% increase compared to $1.7 million for the same period last year, reflecting our continued transition to the SaaS... More