American Software Reports Second Quarter of Fiscal Year 2021 Results
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American Software (AMSWA) Tops Q2 EPS by 1c
November 19, 2020 4:11 PM ESTAmerican Software (NASDAQ: AMSWA) reported Q2 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $27.88 million versus the consensus estimate of $27.93 million.
Key Second Quarter Financial Highlights:
Subscription fees were $7.0 million for the quarter ended October 31, 2020, a 27% increase compared to $5.5 million for the same period last year, while Software license revenues were $0.5 million, a 57% decrease compared to $1.0 million for the same period last year, reflecting our continued transition to the Software as a Service (SaaS) engagement model.Cloud Services Annual Contract Value (ACV) increased approximately... More