Exhibit 99.1

American Software Reports Preliminary Second Quarter of Fiscal Year 2018 Results

Cloud Services Annual Contract Value Increases 123% for the Quarter

ATLANTA--(BUSINESS WIRE)--November 30, 2017--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the second quarter of fiscal year 2018.

Key Second quarter financial highlights:

  • Cloud Services Annual Contract Value (ACV) increased approximately 123% to $9.9 million as of the quarter ended October 31, 2017 compared to $4.4 million as of the same period of the prior year. ACV consists of software-as-a-service (SaaS) of $7.2 million, a 210% increase when compared to approximately $2.3 million for the same period last year, and other cloud services of $2.7 million, a 29% increase when compared to $2.1 million for the same period last year.
  • Total revenues for the quarter ended October 31, 2017 were $26.3 million, an increase of 1% over the comparable period last year.
  • Recurring revenue streams of Maintenance and Cloud Services were 49% of total revenues in the quarter ended October 31, 2017 compared to 45% in the same period of the prior year.
  • Maintenance revenues for the quarter ended October 31, 2017 increased 2% to $10.8 million compared to $10.7 million for the same period last year.
  • Software license revenues for the quarter ended October 31, 2017 were $2.4 million, a decrease of 22% compared to the same period last year.
  • Services and other revenues for the quarter ended October 31, 2017 increased 6% to $13.0 million compared to $12.3 million for the same period last year.
  • Operating earnings for the quarter ended October 31, 2017 increased 358% to $3.2 million compared to $0.7 million the same period last year.
  • GAAP net earnings for the quarter ended October 31, 2017 increased 502% to $2.5 million or $0.08 per fully diluted share compared to $0.4 million or $0.01 per fully diluted share for the same period last year.
  • Adjusted net earnings for the quarter ended October 31, 2017, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $3.0 million or $0.10 per fully diluted share compared to $0.9 million or $0.03 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 95% to $4.6 million for the quarter ended October 31, 2017 compared to $2.3 million for the quarter ended October 31, 2016.
  • Adjusted EBITDA increased 85% to $5.0 million for the quarter ended October 31, 2017 compared to $2.7 million for the quarter ended October 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 Thursday, November 30, 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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