American Software, Inc. - AMSWA STOCK NEWS

American Software, Inc. (NASDAQ: AMSWA) has announced that certain distributions for 2021 are deemed return of capital (non-dividend) distributions. This alters shareholders' tax basis in their shares. To assist with tax reporting, Form 8937 is available under the Investor Relations section on their website. Shareholders are advised to consult tax advisors for implications on their 2021 taxes.

American Software, Inc. (NASDAQ: AMSWA) announced its participation in the Sidoti Winter Virtual Small Cap Investor Conference on January 19, 2022, at 10:00 am ET. CEO Allan Dow and CFO Vincent Klinges will present virtually. A live webcast will be available on the company's website, with limited time archiving.

The company, based in Atlanta, specializes in AI-powered supply chain management and retail planning platforms. Its solutions enhance supply chain operations for clients like Big Lots and Siemens Healthcare, delivering significant ROI and improved efficiency.

Logility, a leader in supply chain innovation, has partnered with Planalytics to enhance its forecasting capabilities through weather-driven demand analytics. This collaboration will allow Logility customers to incorporate predictive metrics from Planalytics, enabling better anticipation of sales opportunities linked to weather conditions. The integration aims to improve forecast accuracy, optimize inventory levels, and mitigate risks associated with demand fluctuations. Given the ongoing supply chain disruptions, this partnership is expected to deliver significant operational advantages.

Demand Management, Inc., a leader in cloud-based digital supply chain solutions, has been recognized by Food Logistics as one of the FL100+ Top Software and Technology Providers for 2021, marking its thirteenth accolade. This honor highlights the importance of software and technology in ensuring an efficient global food supply chain, especially as companies navigate challenges posed by the ongoing COVID-19 pandemic. Demand Management emphasizes its role in enhancing forecast accuracy to minimize stockouts and waste, thereby supporting food and beverage manufacturers.

Logility, recognized as a leader in supply chain innovation, has won Food Logistics’ 2021 Top Software & Technology Providers award for the 17th consecutive year. The award highlights Logility's commitment to enhancing the cold food and beverage supply chain through advanced technologies like artificial intelligence and machine learning. President Allan Dow emphasized the company's role in boosting productivity and sustainability while reducing costs.

For more information, visit Logility.

Demand Management, Inc. has partnered with Royal Cyber to enhance supply chain transformation initiatives across the U.S. and U.K. This strategic alliance aims to leverage the strengths of their cloud-based digital supply chain platform along with efficient customer service. The collaboration focuses on increasing productivity, reducing costs, and improving operational efficiencies for customers. Demand Management specializes in SaaS solutions for manufacturers and distributors, aiming to optimize inventory and enhance decision-making processes.

American Software, Inc. (AMSWA) reported strong preliminary financial results for Q2 FY2022, showcasing a 49% increase in subscription fees, reaching $10.4 million. Total revenues rose 12% to $31.2 million, with recurring revenue streams comprising 63% of total revenue. Operating earnings surged 326% to $2.7 million, with GAAP net earnings increasing 379% to $3.3 million, equating to $0.10 per share. The company maintains a robust cash position of $111.3 million and no debt, highlighting a record backlog of $123 million, indicating promising growth and demand in cloud services.