American Software, Inc. - AMSWA STOCK NEWS

American Software (NASDAQ: AMSWA) announced that specific 2020 distributions will be categorized as return of capital rather than dividends. This tax treatment affects shareholders' tax basis, and the company has made Form 8937 available for investor reference on its website under 'Investor Relations'. Investors are advised to consult their tax advisors regarding the implications for 2020 taxes. American Software, based in Atlanta, provides AI-powered supply chain management solutions through its subsidiaries, including Logility and Demand Management.

Logility, Inc. is set to host a webcast titled Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization on January 27, 2020, at 10:00 AM EST. Featuring experts like Martijn Lofvers and Jonathan Jackman, the session aims to guide attendees on enhancing customer service while managing inventory levels. Logility helps companies optimize supply chain operations using AI and analytics, catering to businesses such as Big Lots and Husqvarna Group. As a subsidiary of American Software, Inc. (NASDAQ: AMSWA), Logility continues to innovate in digital supply chain management.

Demand Management, Inc. has been recognized as one of Food Logistics’ FL100+ Top Software and Technology Providers for 2020, marking its twelfth award. This accolade highlights the company’s critical role in the global food and beverage supply chain amid challenges posed by the COVID-19 pandemic. Demand Management provides innovative solutions to enable manufacturers and distributors to optimize inventory, improve forecast accuracy, and enhance customer service. This recognition reinforces the company's commitment to helping clients navigate supply chain obstacles effectively.

New Generation Computing, Inc. (NGC) has been recognized as a leading retail software provider in the RIS Software LeaderBoard for 2021. NGC secured top 20 positions in 17 categories, placing among the top three in nine significant areas, including Overall Performance and Customer Satisfaction for Apparel Vendors. Mark Burstein, NGC’s president, emphasized the company's role in helping retailers navigate challenges during the COVID-19 pandemic through innovative digital supply chain solutions. NGC operates globally, serving renowned brands and retailers.

Mark Burstein, president of New Generation Computing, has been inducted into the Forbes Technology Council, acknowledging his significant experience in digital supply chain solutions. His contributions will focus on enhancing supply chain efficiency in retail and fashion. Burstein highlighted the urgent need for resilient supply chains post-COVID-19, emphasizing the role of digital technology. NGC’s platform supports brands in optimizing product development and distribution processes. The company serves global clients including Brooks Brothers and VF Corporation.

Logility, Inc. is hosting a webcast titled Thriving Through a Period of Disruption on December 10, 2020, at 2:00 p.m. EST. Industry experts David Maloney and Mac McGary will discuss resilient planning strategies to optimize supply chains amidst unforeseen events. The webcast will showcase how machine learning and advanced analytics can enhance supply chain resilience, featuring real-world examples from leading companies. Logility aims to leverage its Digital Supply Chain Platform, utilizing AI and advanced analytics for effective supply chain management. For registration, visit here.

Logility and New Generation Computing have launched the first digital traceability solution for supply chains, enhancing visibility from component origin to importer. This tool helps companies comply with regulations, including the H.R. 6210 Uyghur Forced Labor Prevention Act, by documenting the chain of custody and ensuring products are free from forced labor. The blockchain-based solution allows retailers to provide certificates ensuring product origin transparency, thus addressing a critical industry need as consumer demand for transparency increases.

American Software, Inc. (NASDAQ: AMSWA) reported preliminary financial results for Q2 FY2021, showcasing a 27% rise in subscription fees to $7.0 million. However, software license revenues dropped 57% to $0.5 million as the company pivots to a SaaS model. Total revenues decreased 1% to $27.9 million. Operating earnings fell 25% to $0.6 million, and GAAP net earnings plummeted 61% to $0.7 million, or $0.02 per share. Despite these challenges, cash and investments remained robust at $94.6 million with no debt, while the Cloud Services ACV grew 32% to $29.6 million.