Core Viewpoint - American Software (AMSWA) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [1]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [3]. Impact of Earnings Estimate Revisions - Rising earnings estimates for American Software suggest an improvement in the company's underlying business, which is expected to drive the stock price higher [3]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. Current Earnings Estimates for American Software - For the fiscal year ending April 2025, American Software is expected to earn $0.38 per share, reflecting a year-over-year decline of -25.5% [5]. - Over the past three months, the Zacks Consensus Estimate for American Software has increased by 5.6% [5]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings across over 4000 stocks, with only the top 5% receiving a 'Strong Buy' rating [6]. - The upgrade of American Software to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [7].

Financial Data and Key Metrics Changes - For Q1 2025, revenues were $26.2 million, a 1% increase from $25.9 million in the same period last year, driven by higher subscription fees and professional services [11] - Subscription fees increased 7% year-over-year to $14.8 million compared to $13.8 million [11] - Adjusted EBITDA margin rose to nearly 18%, reflecting improved gross margins and disciplined expense management [5] - Gross margin improved to 67% from 65% in the prior year [12] - Net income was $2.1 million or earnings per diluted share of $0.06, down from $2.6 million or $0.08 per diluted share last year [14] Business Line Data and Key Metrics Changes - Professional services revenue increased 5% to $3.9 million compared to $3.7 million in the same period last year [12] - Maintenance revenues declined 11% year-over-year to $7.3 million, impacted by the divestiture of the transportation group [12] - Total recurring revenues, comprising subscription and maintenance fees, increased 1% and represented 84% of total revenues for the quarter [12] Market Data and Key Metrics Changes - International revenues accounted for 22% of total revenues, up from 18% last year [15] - Remaining performance obligations increased by 13% year-over-year to $125 million [15] Company Strategy and Development Direction - The company is focusing on an AI-first approach to supply chain planning, with new generative AI capabilities launched in May [6] - There is a concerted effort to transition existing self-managed clients to cloud-hosted solutions, with expectations for increased cloud migrations towards the end of the fiscal year [7] - The company is maintaining its fiscal 2025 guidance for total revenue of $104 million to $108 million and recurring revenue between $87 million to $89 million [10] Management's Comments on Operating Environment and Future Outlook - Management noted that conversion of the pipeline remained low due to seasonal softness and cautious buyer behavior in an uncertain economic environment [8] - Despite economic concerns, there is confidence in meeting or exceeding guidance due to an expanding late-stage pipeline and increased client readiness to move forward with projects [9] - Management expressed optimism about the cloud migration strategy and its reception among clients, anticipating it will become a more prominent part of the delivery model [33] Other Important Information - The company has eliminated its dual-class structure to enhance corporate governance [10] - Cash and investments stood at approximately $92 million at the end of the quarter, with $3.7 million paid in dividends during the quarter [15] Q&A Session Summary Question: Can you quantify retention rates and compare them to historicals? - Retention rates are currently in the mid-90s, consistent with recent quarters [17][20] Question: Are you taking any internal actions to address slower conversions? - The company has not diverted resources but has taken steps to stimulate dialogue and facilitate client transitions to cloud solutions [19][20] Question: How actively is the company looking for M&A opportunities? - The company has adopted a more opportunistic posture due to misaligned valuations in the market [21][22] Question: Is the professional services margin sustainable? - The company is comfortable with the current services margin, viewing it as a return to normal levels [25][26] Question: How is the network optimization opportunity emerging? - The network design optimization solution is gaining traction among clients, enhancing their ability to manage supply chain decisions [28] Question: What is the competitive landscape like with new entrants? - The competitive landscape remains stable, with SAP and Microsoft as primary competitors, while new entrants have not significantly impacted the market [40][41]

Core Insights - American Software reported earnings per share (EPS) of 12 cents, exceeding the analyst estimate of 8 cents [1] - The company achieved revenue of $26.19 million, which is 3.69% higher than the analyst estimate of $25.26 million [1] Financial Performance - Earnings per share (EPS): 12 cents, above the estimate of 8 cents [1] - Revenue: $26.19 million, surpassing the estimate of $25.26 million by 3.69% [1]

Core Viewpoint - American Software reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and matching the earnings from the previous year [1] - The company achieved a revenue of $26.19 million for the quarter, surpassing the Zacks Consensus Estimate by 5.23%, although this represents a decline from $29.17 million year-over-year [1] Earnings Performance - The earnings surprise for the quarter was 71.43%, with a previous quarter surprise of 50% [1] - Over the last four quarters, American Software has exceeded consensus EPS estimates three times [1] Revenue Insights - The company has also topped consensus revenue estimates three times in the last four quarters [1] - Current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $25.76 million, and for the current fiscal year, it is $0.35 on revenues of $104.01 million [4] Industry Context - The Computer - Software industry is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - Adobe Systems, another company in the same industry, is expected to report quarterly earnings of $4.53 per share, reflecting a year-over-year increase of 10.8% [5][6]

Financial Results - American Software, Inc. announced preliminary financial results for Q1 FY 2025, ending July 31, 2024[6] - The press release regarding the financial results was issued on August 22, 2024[6] Non-GAAP Measures - The company reported a non-GAAP adjusted EBITDA, which provides insights into financial trends, although specific figures were not disclosed in the provided content[7] - The company emphasizes the importance of non-GAAP measures like adjusted net earnings and adjusted net earnings per share for understanding its financial condition[7] - The financial information presented is not in accordance with GAAP, indicating a focus on alternative financial metrics[7]

Table of Contents _________________________ _________________________ _________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-12456 AMERICAN S ...

Financial Data and Key Metrics Changes - Total revenues for Q4 2024 were $25.4 million, a decrease of 5% from $26.8 million in the same period last year, primarily due to lower revenues from license fees and professional services [14] - Subscription fees increased by 8% year-over-year to $14.1 million compared to $13 million in the same period last year [14] - Net income was $2.2 million or earnings per diluted share of $0.07, compared to net income of $2.9 million or $0.09 per diluted share last year [18] - Gross margin was 66% for the current period, up from 65% in the same period last year [16] Business Line Data and Key Metrics Changes - Professional services and other revenues decreased by 23% to $3.7 million from $4.8 million a year ago, primarily due to lower bookings earlier in the year [15] - Maintenance revenues declined by 9% year-over-year to $7.4 million, reflecting a normal falloff rate and the divestiture of the Transportation group [15] - Total recurring revenues, comprised of subscription and maintenance fees, represented 85% of total revenue for Q4, up from 79% in the same period last year [15] Market Data and Key Metrics Changes - International revenues accounted for approximately 20% of total revenues compared to 19% last year [19] - Remaining performance obligations (RPO), or backlog, was $128 million, an 8% sequential increase and a 3% year-over-year increase [19] Company Strategy and Development Direction - The company transformed through divestitures, focusing on its core supply chain software business and planning to rename itself Logility [6] - The acquisition of Garvis and the introduction of DemandAI+ are part of the accelerated AI roadmap to enhance capabilities and client engagement [8] - The company plans to eliminate its dual-class structure, which is expected to create significant shareholder value [9] Management's Comments on Operating Environment and Future Outlook - The management noted that clients are engaged in transformational supply chain initiatives but have delayed approvals and commitments due to macroeconomic headwinds [9] - The initial guidance for fiscal 2025 includes total revenue of $104 million to $108 million, with conservative assumptions around client spending decisions [13][20] - Management expressed optimism about pipeline growth and the potential for accelerated subscription fee growth as clients convert to cloud solutions [12][20] Other Important Information - The company paid $3.7 million in dividends during the quarter and repurchased stock in the open market for the first time in many years [8] - The financial position remains strong with cash investments of $83.8 million at the end of the quarter [19] Q&A Session Summary Question: Current buying environment and project start times - Management noted that the economic environment has led to a stall in project approvals, with clients taking a conservative approach to investments [22][24] Question: Feedback on cloud conversion activity - Feedback has been mixed, with some clients receptive to moving to the cloud while others require more dialogue to address concerns [27][29] Question: Baseline assumptions for recurring revenue guidance - The company is taking a cautious approach to bookings, expecting more activity in the second half of the year [30][31] Question: Causes of prolonged approval cycles - The management indicated that client hesitance is influenced by economic conditions and inventory backlogs, rather than interest rates directly [34][36] Question: Differences in scrutiny between cloud conversions and new logos - Cloud conversions are generally easier to initiate compared to new logos, as they often involve offsetting investments [40][41] Question: Impact of bookings being back-end loaded on future revenue - Management confirmed that back-end loaded bookings would positively impact fiscal 2026 revenue [43][44] Question: Pipeline conversion rates and historical levels - The company is experiencing double-digit growth in its overall pipeline, but conversion rates remain below historical levels [46] Question: Rebranding motivations - The rebranding to Logility is aimed at aligning the company with its well-known brand in the industry [48][49] Question: Perception of eliminating dual-class stock - Management believes that eliminating the dual-class structure will broaden the investment community's interest in the company [51]

American Software (AMSWA) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this enterprise software provider would post earnings of $0.06 per share when it actually produced earnings of $0.19, delivering a surprise of 216.67%.Over the last four ...

FOR IMMEDIATE RELEASE Financial Information Press Contact: Vincent C. Klinges Chief Financial Officer American Software, Inc. (404) 264-5477 Transformative Actions Taken in Fiscal 2024 Subscription Fee Growth of 8% and 10% in Q4 and Fiscal 2024 ATLANTA (June 6, 2024) American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the fourth quarter and fiscal year 2024. During the second quarter of fiscal year 2024, we divested our non-core information technology staffing firm, The ...

Core Insights - Logility, Inc. has been recognized for its leadership in AI-first supply chain planning software, with two executives, Diane Ngabire and Allan Dow, receiving the Pros to Know award for their contributions to the industry [1][5]. Group 1: Diane Ngabire's Achievements - Diane Ngabire has been awarded in the Rising Star category, recognized for her ability to adapt to workforce changes and her experience in managing eight mergers and acquisitions [2]. - Ngabire emphasizes the importance of team success and actively works to remove obstacles for her team, showcasing her commitment to business development [2][3]. - She co-founded the Code4dev Foundation, which aims to enhance computer literacy and provide educational resources in Burundi, thereby empowering young entrepreneurs and professionals [3]. Group 2: Allan Dow's Contributions - Allan Dow, a recipient of the Lifetime Achievement award, focuses on educating stakeholders about the transformative power of artificial intelligence in supply chains [5]. - Under Dow's leadership, Logility is integrating Generative AI into supply chain operations, enhancing decision-making capabilities and improving organizational responsiveness [5][6]. - Dow highlights the shift from traditional methods to AI-powered visibility, enabling clients to leverage market insights for competitive advantage [6]. Group 3: Logility's Strategic Focus - Logility's Digital Supply Chain Platform is designed to optimize demand, inventory, manufacturing, and supply plans, enhancing margins and service levels [9]. - The platform utilizes advanced AI-driven algorithms and machine learning to facilitate integrated planning across the supply chain, serving over 650 clients in 80 countries [9].