American Software Fiscal Q1 Adjusted Earnings Flat, Revenue Up; Reiterates Guidance; Shares Rise

MT Newswires Live

2024/08/23

American Software (AMSWA) reported late Thursday fiscal Q1 adjusted net earnings from continuing operations of $0.12 per share, flat from a year earlier.

Analysts polled by Capital IQ expected $0.08.

Revenue for the quarter ended July 31 was $26.2 million, up from $25.9 million a year earlier.

Analysts surveyed by Capital IQ expected $25.3 million.

The company reiterated its fiscal year 2025 revenue guidance of between $104 million and $108 million.

Analysts polled by Capital IQ expect $104.9 million.

The company's shares were rising over 8% in after-hours activity.

Price: 11.10, Change: +0.84, Percent Change: +8.19

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