Exhibit 99.1

American Software Reports Preliminary Fourth Quarter and Fiscal Year 2016 Results

License Revenues Increase 30%, Cloud Services Annual Contract Value Increases 37%, and Revenue Increases 5% Driving a 32% Increase in Net Earnings for the Quarter

ATLANTA--(BUSINESS WIRE)--June 23, 2016--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the fourth quarter and fiscal 2016. The Company increased license revenue by 30% and total revenues by 5% driving a 13% increase in operating earnings for the fourth quarter when compared to the same period last year.

Key fourth quarter financial highlights:

  • Total revenues for the quarter ended April 30, 2016 were $28.9 million, an increase of 5% over the comparable period last year.
  • Software license revenues for the quarter ended April 30, 2016 were $6.6 million, an increase of 30% compared to the same period last year.
  • Services and other revenues for the quarter ended April 30, 2016 decreased 6% to $12.0 million compared to $12.8 million for the same period last year.
  • Maintenance revenues for the quarter ended April 30, 2016 increased 5% to $10.3 million compared to $9.8 million for the same period last year.
  • Operating earnings for the quarter ended April 30, 2016 were $3.9 million, an increase of 13% compared to the same period last year.
  • GAAP net earnings for the quarter ended April 30, 2016 increased 32% to $3.4 million or $0.12 per fully diluted share compared to $2.6 million or $0.09 per fully diluted share for the same period last year.
  • Adjusted net earnings for the quarter ended April 30, 2016, which excludes stock-based compensation expense, amortization of acquisition-related intangibles and discrete tax adjustments were $3.3 million or $0.11 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, amortization of acquisition-related intangibles and discrete tax adjustments in the prior year.

The following information was filed by American Software Inc (AMSWA) on Thursday, June 23, 2016 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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