American Software (AMSWA) Tops Q1 EPS by 5c, Revenues Miss
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American Software Reports Preliminary First Quarter of Fiscal Year 2021 Results
August 26, 2020 4:05 PM EDTSubscription Fees Increased 43%, Cloud Services Annual Contract Value Increased 36% and Operating Earnings Increased 11% for the Quarter
ATLANTA--(BUSINESS WIRE)-- American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the first quarter of fiscal year 2021.
Key First Quarter Financial Highlights:
Subscription fees were $6.4 million for the quarter ended July 31, 2020, a 43% increase compared to $4.5 million for the same period last year, while Software license fee revenues were $0.8 million, a 56% decrease compared to $1.8 million for the same period last year, reflecting our... More