Exhibit 99.1

American Software Reports Preliminary Third Quarter of Fiscal Year 2018 Results

License Revenues Increase 50%, Cloud Services Annual Contract Value Increases 125%, and Total Revenue Increases 14% Driving a 149% Increase in Net Earnings for the Quarter

ATLANTA--(BUSINESS WIRE)--February 22, 2018--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the third quarter of fiscal year 2018.

Key third quarter financial highlights:

  • Cloud Services Annual Contract Value (ACV) increased approximately 125% to $10.9 million as of the quarter ended January 31, 2018 compared to $4.9 million as of the same period of the prior year. ACV consists of Software-as-a-Service (SaaS) of $8.1 million, a 217% increase when compared to approximately $2.6 million for the same period last year, and other cloud services of $2.8 million, a 22% increase when compared to $2.3 million for the same period last year.
  • Total revenues for the quarter ended January 31, 2018 were $30.1 million, an increase of 14% over the comparable period last year.
  • Recurring revenue streams of Maintenance and Cloud Services were 46% of total revenues in the quarter ended January 31, 2018 compared to 45% in the same period of the prior year.
  • Maintenance revenues for the quarter ended January 31, 2018 increased 5% to $11.2 million compared to $10.7 million for the same period last year.
  • Software license revenues for the quarter ended January 31, 2018 were $6.0 million, an increase of 50% compared to the same period last year.
  • Services and other revenues for the quarter ended January 31, 2018 increased 9% to $12.9 million compared to $11.8 million for the same period last year.
  • Operating earnings for the quarter ended January 31, 2018 increased 71% to $4.2 million compared to $2.5 million for the same period last year.
  • GAAP net earnings for the quarter ended January 31, 2018 increased 149% to $5.6 million or $0.18 per fully diluted share compared to $2.2 million or $0.08 per fully diluted share for the same period last year.
  • Adjusted net earnings for the quarter ended January 31, 2018, which excludes a discrete tax benefit adjustment related to the Tax Cuts and Jobs Act of 2017, non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $5.1 million or $0.17 per fully diluted share compared to $2.7 million or $0.09 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 30% to $5.8 million for the quarter ended January 31, 2018 compared to $4.5 million for the quarter ended January 31, 2017.
  • Adjusted EBITDA increased 28% to $6.1 million for the quarter ended January 31, 2018 compared to $4.8 million for the quarter ended January 31, 2017. 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, February 22, 2018 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.

View differences made from one quarter to another to evaluate American Software Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Software Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account