American Software, Inc. - AMSWA STOCK NEWS

Logility, Inc. congratulates Clark Mitchell, vice president of demand planning at Kontoor Brands, for being selected as a 2021 Supply & Demand Chain Executive Practitioner Pros to Know. Under Mitchell's leadership, Kontoor has navigated the challenges of COVID-19 and transformed its supply chain strategy by implementing the Logility Digital Supply Chain Platform, enhancing demand accuracy and inventory quality. This recognition highlights Mitchell's contributions and the collaborative efforts of the Kontoor team in addressing supply chain complexities during a global crisis.

Demand Management, Inc. announced that two of its customers, Joanna George from Siemens Healthineers and the TenCate Geosynthetics Americas team, have been recognized as Pros to Know by Supply & Demand Chain Executive magazine. This accolade honors executives for their significant achievements in supply chain management, particularly during the challenges posed by the COVID-19 pandemic. Both customers exemplified innovation and resilience, with TenCate's successful implementation of Demand Solutions enhancing their operational efficiency. The recognition highlights DMI's commitment to empowering its clients in navigating supply chain complexities.

Demand Management, Inc. has announced that its president, Bill Harrison, has been named a Pro to Know by Supply & Demand Chain Executive magazine for the thirteenth consecutive year. This recognition highlights executives who leverage supply chain management for competitive advantage. Harrison acknowledged the award's significance due to the dramatic shifts in buying patterns during 2020, emphasizing the company's commitment to providing digital supply chain solutions. Demand Management utilizes a SaaS platform to optimize various business processes and enhance customer service for clients such as Siemens Healthineers.

Logility, Inc. announces its upcoming webcast, Deliver Better Business Outcomes – Managing Supply Variability, on March 24, 2021, featuring industry leaders Lora Cecere and Mac McGary. This event aims to help supply chain leaders navigate the challenges posed by recent market dynamics. Participants will learn about the causes of supply variability, strategies to address challenges, and metrics for success. Logility, a subsidiary of American Software (NASDAQ: AMSWA), specializes in digital supply chain solutions that enhance planning and operational performance through AI and advanced analytics.

American Software, Inc. (NASDAQ: AMSWA) will present at the Sidoti Spring 2021 Virtual Conference on March 24, 2021, at 8:30 am ET. The presentation will feature CEO Allan Dow and CFO Vincent Klinges, focusing on the company's AI-powered supply chain management and retail planning platforms. A live webcast will be available on the company's website and archived for later viewing. American Software is recognized for delivering innovative solutions that enhance supply chain optimization and customer service for various clients.

Logility, Inc. has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Supply Chain Planning Solutions. Gartner highlights that digital transformation is driving demand for new supply chain management functionalities. Logility's platform aids companies in enhancing decision-making and managing complex global supply chains effectively. Allan Dow, president of Logility, emphasized the importance of resilient supply chains in navigating risks and meeting customer needs. The company leverages AI and analytics to improve various planning processes.

American Software reported preliminary financial results for Q3 FY2021. Subscription fees rose 29% to $7.5 million, while software license revenues plummeted 86% to $0.5 million, indicative of a shift to SaaS. Total revenues decreased 10% to $27.7 million. Operating earnings dropped 67% to $0.9 million, and GAAP net earnings fell 30% to $2.3 million. However, Cloud Services ACV increased by 24% to $31.6 million. Despite revenue declines, the company holds strong finances with $100.8 million in cash and no debt, and paid $3.6 million in dividends.

Logility, Inc. is hosting a webcast titled Deliver Better Business Outcomes – Managing Demand Variability on February 24, 2021, at 11:00 a.m. EST. Featuring experts Lora Cecere and Mac McGary, the session will discuss strategies for enhancing supply chain resilience and managing demand variability using advanced technologies like AI and machine learning. Logility aims to help businesses optimize their supply chains and improve operational performance through its innovative Digital Supply Chain Platform. Registration is available online.

American Software, Inc. (NASDAQ: AMSWA) has declared a quarterly dividend of $0.11 per share, payable to Class A and Class B shareholders on or about May 21, 2021. Shareholders must be on record by the close of business on May 7, 2021. The company, based in Atlanta, specializes in AI-powered supply chain management solutions and operates through various entities like Logility, Demand Management, and New Generation Computing, catering to notable clients including Big Lots and Siemens Healthcare.