Exhibit 99.1

American Software Reports Preliminary Fourth Quarter and Fiscal Year 2020 Results

Subscription Fees Increased 64%, Cloud Services Annual Contract Value Increased 53% and Operating Earnings Increased 57% for the Quarter

ATLANTA--(BUSINESS WIRE)--June 18, 2020--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the fourth quarter and for fiscal year 2020.

Key Fourth quarter financial highlights:

  • Subscription fees were $6.3 million for the quarter ended April 30, 2020, a 64% increase compared to $3.8 million for the same period last year, while Software license fee revenues were $1.1 million, a 37% decrease compared to $1.7 million for the same period last year, reflecting our continued transition to the Software as a Service (SaaS) engagement model.
  • Cloud Services Annual Contract Value (ACV) increased approximately 53% to $26.4 million as of the quarter ended April 30, 2020 compared to $17.3 million as of the same period of the prior year.
  • Total revenues for the quarter ended April 30, 2020 increased 11% to $29.3 million, compared to $26.3 million for the same period of the prior year.
  • Recurring revenue streams for Maintenance and Cloud Services were 57% of total revenues in the quarter ended April 30, 2020 compared to 56% in the same period of the prior year.
  • Maintenance revenues for the quarter ended April 30, 2020 decreased 4% to $10.4 million compared to $10.8 million for the same period last year.
  • Professional services and other revenues for the quarter ended April 30, 2020 increased 16% to $11.5 million compared to $9.9 million for the same period last year.
  • Operating earnings for the quarter ended April 30, 2020 increased 57% to $1.6 million compared to $1.0 million for the same period last year.
  • GAAP net earnings for the quarter ended April 30, 2020 decreased 71% to $0.5 million or $0.02 per fully diluted share compared to $1.9 million or $0.06 per fully diluted share for the same period last year.
  • Adjusted net earnings for the quarter ended April 30, 2020, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $1.3 million or $0.04 per fully diluted share compared to $2.7 million or $0.09 per fully diluted share for the same period last year.
  • EBITDA increased by 10% to $3.4 million for the quarter ended April 30, 2020 compared to $3.1 million for the same period last year.
  • Adjusted EBITDA increased by 11% to $3.9 million for the quarter ended April 30, 2020 compared to $3.5 million for the same period last year. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest (expense)/income & other, net, income tax (benefit)/expense and non-cash stock-based compensation expense.

The following information was filed by American Software Inc (AMSWA) on Thursday, June 18, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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