American Software, Inc. - AMSWA STOCK NEWS

Logility expands its generative AI capabilities across its Digital Supply Chain Platform, collaborating with Deloitte Canada to address supply chain planning challenges. The integration of GenAI allows planners to focus on high-value activities and executives to make strategic decisions confidently in seconds. Logility's AI-first approach with GenAI empowers businesses to make timely, data-driven decisions.

Logility, Inc. has been recognized by Gartner® as a Leader in the 2024 Magic Quadrant™ for Supply Chain Planning Solutions. The Logility Digital Supply Chain Platform offers an AI-first approach to supply chain planning, empowering organizations with agility and precision. The platform enables businesses to proactively anticipate demand fluctuations, optimize inventory levels, and enhance overall supply chain resilience through narrow AI, generative AI, and predictive analytics. Logility delivers value through AI-first insights, profitable supply chain optimization, and superior visibility.

Logility, Inc. introduces the Decision Command Center, aimed at enhancing supply chain decision-making through data-driven insights. The platform offers a holistic approach to supply chain processes by leveraging data and intelligence to drive value creation and better resource utilization. Supply chain leaders can now make faster, higher quality decisions, leading to improved efficiency and value creation.

Logility, Inc. introduces dynamic inventory modeling capabilities to its cloud-based Logility® Digital Supply Chain Platform, leveraging AI and ML for optimized network configuration and inventory management. This innovative solution aims to reduce inventory costs and enhance supply chain performance.

American Software, Inc. (AMSWA) announces a planned reclassification to simplify its equity capital structure and enhance corporate governance. The agreement with the Class B Shareholder aims to eliminate Class B Common Stock, exchanging it for 1.2 shares of Class A Common Stock. This move aligns voting rights with economic interests, enhancing shareholder value and corporate appeal. The Reclassification Transaction is subject to shareholder approval at the 2024 Annual Meeting.

Logility, Inc. employees Diane Ngabire and Allan Dow win Pros to Know awards for their outstanding contributions to the supply chain industry. Ngabire's Rising Star category recognizes her adaptability and business development success, while Dow's Lifetime Achievement award highlights his focus on AI in supply chain planning. Ngabire's commitment to building a better world through Code4dev Foundation and Dow's efforts in educating industry stakeholders showcase their leadership and innovation.

U.S. Autoforce selects Logility® Digital Supply Chain Platform to support aggressive business growth. The company invests in various Logility solutions to enhance their supply chain strategy, experiencing significant growth with plans to expand further. The implementation has already shown positive results, streamlining processes and saving time.

American Software, Inc. (AMSWA) reported Q3 fiscal year 2024 results with a 9% growth in subscription fees and an adjusted EBITDA margin of 16%. Total revenues decreased by 7% due to a decline in services and maintenance fee revenue. Recurring revenue streams were strong, and operating earnings and net earnings showed positive growth.

American Software, Inc. (AMSWA) declares a quarterly dividend of $.11 per share, payable to Class A and Class B Shareholders on May 3, 2024.