American Software (AMSWA) Tops Q2 EPS by 3c

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Go back to American Software (AMSWA) Tops Q2 EPS by 3c

American Software Reports Preliminary Second Quarter of Fiscal Year 2020 Results

November 21, 2019 4:05 PM EST

Subscription Fees Increase 64% for the Quarter and Cloud Services Annual Contract Value Increases 55%

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

Key Second quarter financial highlights:

Subscription fees were $5.5 million for the quarter ended October 31, 2019, a 64% increase compared to $3.3 million for the same period last year, while Software license revenues were $1.0 million, a 48% decrease compared to $2.0 million for the same period last year, reflecting our continued transition to the SaaS... More