Exhibit 99.1

American Software Reports Preliminary Fourth Quarter and Fiscal Year 2015 Results

Revenue Increases 6%, EBITDA Increases 26%, and Cloud Services Annual Contract Value Increases 226% for the Quarter

ATLANTA--(BUSINESS WIRE)--June 24, 2015--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the fourth quarter and fiscal 2015. The Company increased Cloud Service Annual Contract Value (ACV) by approximately 226% and increased total revenues by six percent driving a 26% increase in EBITDA for the fourth quarter.

Key fourth quarter financial metrics:

  • Total revenues for the quarter ended April 30, 2015 were $27.6 million, an increase of 6% over the comparable period last year.
  • Software license fee revenues for the quarter ended April 30, 2015 were $5.0 million, a decrease of 10% compared to the same period last year.
  • Services and other revenues for the quarter ended April 30, 2015 increased 13% to $12.8 million compared to $11.3 million for the same period last year.
  • Maintenance revenues for the quarter ended April 30, 2015 were $9.8 million compared to $9.0 million, an increase of 9% over the same period last year.
  • Operating earnings for the quarter ended April 30, 2015 were $3.4 million, an increase of 7% compared to the same period last year.
  • GAAP net earnings for the quarter ended April 30, 2015 were $2.6 million or $0.09 per fully diluted share compared to $2.6 million or $0.09 per fully diluted share in the same period last year.
  • Adjusted net earnings for the quarter ended April 30, 2015, which excludes stock-based compensation expense and amortization of acquisition-related intangibles, were $2.9 million or $0.10 per fully diluted share compared to $2.9 million or $0.10 per fully diluted share for the same period last year, which excluded stock-based compensation expense and amortization of acquisition-related intangibles.
  • EBITDA increased 26% to $4.9 million for the quarter ended April 30, 2015 compared to $3.9 million for the quarter ended April 30, 2014.
  • Adjusted EBITDA increased 22% to $5.3 million for the quarter ended April 30, 2015 compared to $4.3 million for the quarter ended April 30, 2014. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense, stock-based compensation, and other significant non-routine operating and non-operating income and expense items, if applicable.
  • Cloud Services Annual Contract Value (ACV) increased approximately 226% to $2.8 million compared to $0.9 million in the same period of the prior year. The ACV is comprised of software-as-a-service (SaaS) ACV of $1.5 million compared to approximately $210,000 during the same period last year and other cloud services ACV of $1.3 million compared to $652,000 during the same period last year. Additionally, the Company had an 118% increase to $2.4 million in deferred ratable license fee revenue compared to $1.1 million for the same period last year.

The following information was filed by American Software Inc (AMSWA) on Wednesday, June 24, 2015 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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