EXHIBIT 99.1
 
FOR IMMEDIATE RELEASE
  

Financial Information Press Contact:
Vincent C. Klinges
Chief Financial Officer
American Software, Inc.
(404) 264-5477
 
American Software Reports Preliminary Fourth Quarter
and Fiscal Year 2009 Results

Company achieves 33rd consecutive quarter of profitability, Operating Earnings
increase 45% for the fourth quarter
 
ATLANTA (June 25, 2009) American Software, Inc. (NASDAQ: AMSWA) today reported financial results for the fourth quarter and fiscal year 2009, achieving 33 consecutive quarters of profitability.
 
Key fourth quarter financial highlights include:
 
 
·
Total revenues for the quarter ended April 30, 2009 were $18.9 million, a decrease of 12% over the fourth quarter of fiscal 2008;
 
 
·
Software license fees for the quarter ended April 30, 2009 were $4.8 million, an increase of  3% over the fourth quarter of fiscal 2008;
 
 
·
Services and other revenues for the fourth quarter ended April 30, 2009 were $7.2 million; a decrease of 25% over the fourth quarter of fiscal 2008;
 
 
·
Maintenance revenues for the quarter ended April 30, 2009 were $6.9 million, a decrease of 5% over the fourth quarter of fiscal 2008;
 
 
·
Operating earnings for the quarter ended April 30, 2009 were $1.8 million, an increase of 45% over the fourth quarter of fiscal 2008; and
 
 
·
Commencement of a Tender Offer for all shares of Logility not owned by American Software at $7.02 per share.

GAAP net earnings were approximately $1.2 million or $0.05 per fully diluted share for the fourth quarter of fiscal 2009 compared to $897,000 or $0.03 per fully diluted share for the same period last year. Adjusted net earnings for the quarter ended April 30, 2009, which excludes stock-based compensation expense, acquisition-related amortization of intangibles and expenses related to the Logility Tender Offer, were $1.6 million or $0.06 per fully diluted share, compared to $1.1 million or $0.04 per fully diluted share for the same period last year, which excluded stock-based compensation expenses and acquisition-related amortization of intangibles.

 
 

The following information was filed by American Software Inc (AMSWA) on Thursday, June 25, 2009 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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