American Software, Inc. - AMSWA STOCK NEWS

American Software, Inc. (NASDAQ: AMSWA) has declared a quarterly dividend of $.11 per share. This dividend will be distributed to Class A and Class B shareholders of record as of May 3, 2023, with payment expected on or about May 17, 2023. The company, based in Atlanta, provides digital supply chain solutions through its Logility platform, enhancing enterprise efficiency with advanced analytics and AI technologies. The ongoing development highlights American Software's commitment to shareholder value through dividends while navigating market complexities.

Logility, a leader in supply chain solutions, announced that president Allan Dow and Tillamook’s Elaine Videau are recipients of the Food Logistics’ Rock Stars of the Supply Chain award. Videau's team achieved 120% growth in ice cream and 174% growth in cream cheese, utilizing Logility's platform for inventory management. Dow emphasizes client success and supply chain transparency. Under his leadership, Logility focuses on enhancing profitability for clients. The company also engages in community programs to combat food insecurity, highlighting their commitment to improving the supply chain.

American Software, Inc. (NASDAQ: AMSWA) announced it will release its Third Quarter Fiscal Year 2023 preliminary financial results on February 23, 2023, after U.S. market close. A conference call and webcast will follow at 5:00 pm ET to discuss the results. The company, based in Atlanta, specializes in AI-powered supply chain management solutions through its subsidiary Logility, serving clients like Big Lots and Spanx. The Logility platform enhances digital supply chain transformation with advanced analytics and AI capabilities.

American Software, Inc. (NASDAQ: AMSWA) has announced that certain 2022 distributions will be classified as return of capital rather than dividends. This change affects shareholders' tax basis and may influence their 2022 tax filings. To assist with this, the company has made Form 8937 available on its Investor Relations website. Shareholders are advised to consult tax advisors for personalized guidance. The firm, based in Atlanta, operates through subsidiaries like Logility, offering a comprehensive Digital Supply Chain Platform that supports various business processes.

American Software, Inc. (NASDAQ: AMSWA) reported preliminary second quarter fiscal 2023 results, revealing a 19% growth in subscription fees to $12.3 million. Total revenues increased 1% to $31.4 million, driven by 67% recurring revenues. However, GAAP net earnings decreased 37% to $2.1 million, with adjusted net earnings dropping 21% to $3.3 million. Despite these challenges, adjusted EBITDA increased 4% to $4.9 million, reflecting a 16% adjusted EBITDA margin. The company expects total revenues of $125.5 million to $127.5 million for the fiscal year.

American Software, Inc. (NASDAQ: AMSWA) announced a quarterly dividend of $.11 per share, payable to Class A and Class B shareholders of record on February 3, 2023, with payment expected on February 17, 2023.

Logility, a subsidiary of the company, provides a digital supply chain platform that enhances enterprise operations through various advanced analytical tools. Their clients include notable brands like Big Lots and Spanx, demonstrating a strong market presence.

Logility, Inc., a leader in supply chain innovation, has been recognized as a Leader in multiple IDC MarketScape reports for its supply chain planning technologies. The reports, released in September 2022, cover categories including Holistic Supply Chain Planning and Demand Planning. Logility also received the designation of Major Player in Supply Chain Supply Planning. Key strengths highlighted include end-to-end supply chain capabilities, scalability, and enhanced multi-enterprise collaboration. This recognition underscores Logility's effectiveness in providing valuable solutions amidst complex supply chain challenges.

American Software, Inc. (NASDAQ: AMSWA) will announce its preliminary financial results for Q2 FY2023 after U.S. markets close on November 17, 2022. A conference call is scheduled for 5:00 pm ET the same day, where management will discuss the results. Investors can access a live webcast on the company's investor relations page. American Software delivers AI-powered supply chain management solutions primarily through its subsidiary, Logility, serving notable clients including Spanx and Jockey International.

Logility, Inc. has announced that Workwear Outfitters, a leader in work apparel, selected the Logility® Digital Supply Chain Platform to enhance its supply chain capabilities. Based in Nashville, TN, Workwear Outfitters aims to replace outdated systems with advanced technology for improved efficiency and execution. The partnership is seen as pivotal for Workwear's anticipated expansion. This collaboration emphasizes Logility's commitment to providing innovative solutions tailored to specific industry challenges.