American Software (AMSWA) Tops Q2 EPS by 1c

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American Software Reports Second Quarter of Fiscal Year 2021 Results

November 19, 2020 4:05 PM EST

Subscription Fees Increased 27%, Cloud Services Annual Contract Value Increased 32% for the Quarter

ATLANTA--(BUSINESS WIRE)-- American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the second quarter of fiscal year 2021.

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... More