Exhibit 99.1

American Software Reports Preliminary Fourth Quarter and Fiscal Year 2011 Results

Company achieves 41st consecutive quarter of profitability, License Fee Revenue increase 151%, GAAP Net Earnings Increase 107% for the quarter

ATLANTA--(BUSINESS WIRE)--June 21, 2011--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the fourth quarter of fiscal year 2011, delivering a 151% increase in fourth quarter license fee revenue and a 107% increase in GAAP net earnings when compared to the same period last year. The Company has achieved 41 consecutive quarters of profitability and 31 consecutive quarters of providing dividend distributions to shareholders.

Key fourth quarter financial highlights:

  • Total revenues for the quarter ended April 30, 2011 were $25.2 million, an increase of 33% over the comparable period last year.
  • Software license fee revenues for the quarter ended April 30, 2011 were $8.0 million, an increase of 151% over the same period last year.
  • Services and other revenues for the quarter ended April 30, 2011 were $9.6 million, an increase of 8% over the same period last year.
  • Maintenance revenues for the quarter ended April 30, 2011 were $7.6 million, an increase of 11% over the comparable period last year.
  • Operating earnings for the quarter ended April 30, 2011 were $3.6 million, an increase of 171% compared to the same period last year.
  • GAAP net earnings for the quarter ended April 30, 2011 were $2.8 million or $0.10 per fully diluted share, an increase of 107% over the fourth quarter of fiscal 2010.
  • Adjusted net earnings for the quarter ended April 30, 2011, which excludes stock-based compensation expense and acquisition-related amortization of intangibles, were $3.0 million or $0.11 per fully diluted share, an increase of 81% compared to $1.7 million or $0.06 per fully diluted share for the same period last year, which excluded stock-based compensation expense, acquisition-related amortization of intangibles and expenses related to the Optiant acquisition by Logility, Inc.

The following information was filed by American Software Inc (AMSWA) on Tuesday, June 21, 2011 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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