American Software, Inc. - AMSWA STOCK NEWS

Logility, Inc. has recognized Sherry Boley from ORBIS Corporation and Maria Dalmau from Intertape Polymer Group as winners of the 2022 Women in Supply Chain Award by Supply & Demand Chain Executive. This award honors female leaders whose mentorship and contributions shape the supply chain industry. The awards received over 280 submissions, showcasing widespread recognition for women in supply chain roles. Logility emphasizes the importance of these leaders in navigating recent supply chain challenges, reinforcing their commitment to support women in strategic leadership positions.

American Software, Inc. (NASDAQ: AMSWA) announced that CEO Allan Dow and CFO Vincent Klinges will present at the Sidoti September Small-Cap Virtual Investor Conference on September 21, 2022, at 3:15 PM ET. The presentation will be available via a live webcast and archived on the company's website. American Software, based in Atlanta, offers AI-powered supply chain management solutions through its Logility platform. The platform aids digital transformation in various aspects of supply chain operations, serving notable clients like Big Lots and Spanx.

Logility, a leader in supply chain innovation, has partnered with Herbalife Nutrition to enhance its global supply chain management. This collaboration aims to streamline processes, improve inventory visibility, and achieve better distribution planning. Herbalife, operating in 95 markets with over 10,000 employees, seeks to leverage Logility's Digital Supply Chain Platform for increased efficiency. The initiative emphasizes the importance of supply chain transparency, especially for companies customizing products to individual orders. This strategic move aligns with Herbalife's goal of enhancing its operational performance.

Demand Management Systems announced that PharmaCare Laboratories, Australia's largest private consumer health company, will upgrade to the latest Logility Digital Supply Chain Platform. This strategic move aims to enhance PharmaCare's supply chain capabilities across 40 countries. The platform integrates AI and advanced analytics, allowing real-time demand and supply planning. This upgrade is expected to streamline operations and improve visibility in PharmaCare's global supply chain efforts.

Logility, Inc. has formed a strategic partnership with The Parker Avery Group to enhance supply chain transformation for retail and consumer goods companies. By combining Logility's digital supply chain platform with Parker Avery's consulting expertise, the partnership aims to solve key business challenges, leading to improved productivity, reduced costs, and greater efficiencies. This collaboration is expected to deliver exceptional ROI, leveraging deep industry knowledge and innovative solutions.

American Software, Inc. reported Q1 fiscal 2023 results with a 23% increase in subscription fees to $12.1 million and total revenues rising 7% to $31.3 million. However, GAAP net earnings fell 28% to $2.1 million. Adjusted EBITDA grew 26% to $4.6 million, reflecting strong recurring revenues, which accounted for 67% of total revenues. Noteworthy developments included the acquisition of Starboard Solutions, enhancing the company's digital supply chain capabilities. The company maintains a positive outlook for the fiscal year, projecting total revenues of $132.5 million to $135.0 million.

American Software, Inc. (NASDAQ: AMSWA) has declared a quarterly dividend of $.11 per share for Class A and B shareholders. The dividend will be paid to shareholders of record as of November 18, 2022, and is set for distribution on or around December 2, 2022.

The company, through its subsidiary Logility, offers a comprehensive digital supply chain platform that enhances operational efficiency for various clients. The platform's capabilities include advanced analytics, supply chain visibility, and demand planning, positioning the company for potential growth in the supply chain sector.

Logility, Inc. has been selected by WEG, a leading global supplier of electro-electronic equipment, to enhance its global supply network management using the Logility Digital Supply Chain Platform. This partnership aims to improve inventory replenishment efficiency, particularly in the U.S. market. WEG, headquartered in Brazil, produces 19 million electrical motors annually and aims for significant expansion. Logility's advanced technology focuses on demand planning and operational performance, allowing WEG to effectively navigate market challenges.

Logility has been recognized as one of SupplyChainBrain’s '2022 100 Great Supply Chain Partners' for its collaboration with iNova Pharmaceuticals. This partnership enhanced iNova's data management, demand and supply planning, and analytics framework, leading to a 50% improvement in forecast accuracy and significant automation in purchase order creation. The Logility Digital Supply Chain Platform enabled better communication and decision-making throughout iNova's operations. Logility's recognition highlights its commitment to delivering innovative supply chain solutions.