Exhibit 99.1

American Software Reports Preliminary First Quarter of Fiscal Year 2018 Results

Cloud Services Annual Contract Value Increases 92% for the Quarter

ATLANTA--(BUSINESS WIRE)--August 28, 2017--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the first quarter of fiscal year 2018.

Key First quarter financial highlights:

  • Cloud Services Annual Contract Value (ACV) increased approximately 92% to $7.7 million as of the quarter ended July 31, 2017 compared to $4.0 million as of the same period of the prior year. ACV consists of software-as-a-service (SaaS) of $5.4 million, a 155% increase when compared to approximately $2.1 million as of the same period last year, and other cloud services of $2.3 million, a 22% increase when compared to $1.9 million as of the same period last year.
  • Total revenues for the quarter ended July 31, 2017 were $26.9 million, a decrease of 2% over the comparable period last year.
  • Software license revenues for the quarter ended July 31, 2017 were $4.0 million, a decrease of 13% compared to the same period last year.
  • Services and other revenues for the quarter ended July 31, 2017 were $12.0 million compared to $12.2 million for the same period last year.
  • Maintenance revenues for the quarter ended July 31, 2017 increased 2% to $10.8 million compared to $10.6 million for the same period last year.
  • Operating earnings for the quarter ended July 31, 2017 increased 120% to $3.6 million compared to $1.6 million the same period last year.
  • GAAP net earnings for the quarter ended July 31, 2017 increased 61% to $2.7 million or $0.09 per fully diluted share compared to $1.7 million or $0.06 per fully diluted share for the same period last year.
  • Adjusted net earnings for the quarter ended July 31, 2017, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles were $3.1 million or $0.10 per fully diluted share compared to $2.0 million or $0.07 per fully diluted share for the same period last year, which excluded non-cash stock-based compensation expense and amortization of acquisition-related intangibles.
  • EBITDA increased by 64% to $5.0 million for the quarter ended July 31, 2017 compared to $3.1 million for the quarter ended July 31, 2016.
  • Adjusted EBITDA increased 55% to $5.3 million for the quarter ended July 31, 2017 compared to $3.4 million for the quarter ended July 31, 2016. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation expense.

The following information was filed by American Software Inc (AMSWA) on Monday, August 28, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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