American Software, Inc. - AMSWA STOCK NEWS

On June 29, 2022, EY announced an alliance with Logility to enhance supply chain management through insights-driven solutions. The collaboration aims to address challenges stemming from outdated supply chain systems, improving visibility, demand forecasting, and operational efficiencies. Logility's AI-powered Digital Supply Chain Platform, combined with EY's extensive experience in process management, is expected to drive better business outcomes. With over 45 years in the industry, Logility's expertise is set to optimize clients' supply chains, supporting innovation and competitiveness.

Logility announces the acquisition of Starboard Solutions Corp., enhancing its supply chain innovation capabilities. Based in Traverse City, Michigan, Starboard specializes in interactive supply chain digital twin technology that allows users to explore various scenarios efficiently. This acquisition aims to bolster Logility’s Digital Supply Chain Platform by providing improved risk mitigation, vendor adaptability, and emissions tracking. The integration promises to simplify decision-making and enhance operational planning for clients, strengthening Logility's market position.

American Software, Inc. (NASDAQ: AMSWA) reported a strong fourth quarter for fiscal 2022, with a 21% increase in total revenue to $34.6 million. Subscription fees rose 37% to $11.1 million, while software license revenues surged 153% to $3.1 million. The company achieved operating earnings of $5.5 million, reflecting a 186% increase year-over-year. GAAP net earnings for the quarter grew 17% to $3.6 million, with adjusted net earnings rising 22% to $4.4 million. For fiscal 2023, AMSWA targets total revenues between $132.5 million and $135 million, including recurring revenues of $86.5 million to $89 million.

American Software, Inc. (NASDAQ: AMSWA) announced a quarterly dividend of $.11 per share, payable to Class A and Class B shareholders of record on August 12, 2022, with payment scheduled for August 26, 2022. The company specializes in AI-powered supply chain management and retail planning solutions, aiming to enhance digital optimization across various sectors. Its offerings include advanced analytics, inventory planning, and more, targeting significant enterprises for competitive advantage.

American Software, Inc. (NASDAQ: AMSWA) announced that CEO Allan Dow will present at the Jefferies Software Conference on June 2, 2022 at 8:00 am PT in San Francisco, CA. The presentation will also be available via live webcast. American Software specializes in AI-driven supply chain management and retail planning solutions, offering a comprehensive portfolio that enhances supply chain optimization and provides clients like Big Lots and Siemens Healthcare with competitive advantages.