American Software, Inc. - AMSWA STOCK NEWS

American Software, Inc. (NASDAQ: AMSWA) reported an 8% growth in subscription fees and an adjusted EBITDA margin of 16% of revenue from Continuing Operations in Q2. Total revenues decreased by 6% to $25.7 million, mainly due to a decline in services and maintenance fee revenue. Recurring revenue streams for Maintenance and Cloud Subscriptions accounted for 84% of total revenues. Operating earnings decreased to $1.2 million from $2.6 million, and GAAP net earnings from continuing operations were $0.6 million. Adjusted net earnings from continuing operations were $2.9 million. Subscription fees for the six months ended October 31, 2023, increased by 11% to $27.1 million. Total revenues for the same period decreased by 5% to $51.6 million. Recurring revenue streams accounted for 84% and 78% of total revenues for the six-month periods ended October 31, 2023 and 2022, respectively.

American Software, Inc. (NASDAQ: AMSWA) announced the divestment of its Transportation Rating Solutions (‘TRS') business to focus on their core supply chain planning business. Logility, Inc., the operating entity of American Software, will continue to expand their AI-first supply chain management platform, leveraging Generative AI, advanced AI-driven algorithms, machine learning, and predictive analytics. The divestment aligns with American Software’s commitment to AI-first supply chain technology solutions and reflects the significant transformation in supply chain planning driven by technology advancements, workforce shifts, and market changes.

Logility, Inc. to Showcase AI-Powered Planning at 2023 Gartner Supply Chain Planning Summit in Phoenix, Arizona. The event will feature Scott Tillman, Senior Vice President of Innovation, presenting 'The New Era of AI-Powered Supply Chain Decisions' highlighting AI-first forecasting and inventory optimization. Logility offers powerful insights into the impact of changing forecast components like promotions, product introductions, and external demand drivers.

American Software, Inc. (NASDAQ: AMSWA) will release its Second Quarter Fiscal Year 2024 preliminary financial results on November 16, 2023. The company's operating entity Logility offers an AI-powered supply chain planning platform. A conference call will be held at 5:00 pm ET to discuss the results.

Logility, Inc. will showcase their latest developments for optimizing supply chain performance at the 2023 Gartner Supply Chain Planning Summit in London. They will highlight their AI-driven solutions, DemandAI+ and InventoryAI+, which provide real-time insights, predictive analytics, and enhanced user experience for supply chain professionals. Logility aims to help businesses gain new insights, meet objectives, and drive financial performance.

Logility, Inc. announces InventoryAI+, a new offering that optimizes inventory with advanced AI and machine learning to lower costs and improve service.

American Software, Inc. has entered into a Rule 10b5-1 trading plan to facilitate stock buybacks under an existing share repurchase program. There are 946,321 shares available for repurchase. The actual timing, number, and value of the shares repurchased will depend on market conditions.

Rebecca Springett of Croda and Rita Fisher of Reynolds win Supply & Demand Chain Executive's 2023 Women in Supply Chain Award.

American Software, Inc. CEO to present at Maxim Group's Virtual Tech Conference on September 27, 2023.