Exhibit 99.1

American Software Reports Preliminary First Quarter of Fiscal Year 2019 Results

Cloud Services Annual Contract Value Increases 71%

ATLANTA--(BUSINESS WIRE)--September 4, 2018--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the first quarter for fiscal year 2019.

Key First quarter financial highlights:

  • Cloud Services Annual Contract Value (ACV) increased approximately 71% to $13.2 million as of the quarter ended July 31, 2018 compared to $7.7 million as of the same period of the prior year. ACV consists of Software-as-a-Service (SaaS) of $10.4 million, a 93% increase when compared to approximately $5.4 million for the same period last year, and other cloud services of $2.8 million, a 20% increase when compared to $2.3 million for the same period last year.
  • Subscription fees were $3.2 million for the quarter ended July 31, 2018, a 96% increase compared to $1.6 million for the same period last year, while Software license revenues were $1.7 million, a 58% decrease compared to $4.0 million for the same period last year, reflecting our continued transition to the SaaS engagement model.
  • Total revenues for the quarter ended July 31, 2018 were $27.4 million, an increase of 2% over the comparable period last year.
  • Recurring revenue streams of Maintenance and Cloud Services were 54% of total revenues in the quarter ended July 31, 2018 compared to 46% in the same period of the prior year.
  • Maintenance revenues for the quarter ended July 31, 2018 increased 6% to $11.5 million compared to $10.8 million for the same period last year.
  • Professional services and other revenues for the quarter ended July 31, 2018 increased 6% to $11.0 million compared to $10.4 million for the same period last year.
  • Operating earnings for the quarter ended July 31, 2018 decreased 83% to $0.6 million compared to $3.6 million for the same period last year.
  • GAAP net earnings for the quarter ended July 31, 2018 decreased 49% to $1.4 million or $0.04 per fully diluted share compared to $2.7 million or $0.09 per fully diluted share for the same period last year.
  • Adjusted net earnings for the quarter ended July 31, 2018, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $2.2 million or $0.07 per fully diluted share compared to $3.1 million or $0.10 per fully diluted share for the same period last year.
  • EBITDA decreased by 52% to $2.4 million for the quarter ended July 31, 2018 compared to $5.0 million for the same period last year which was impacted by Subscription Services being preferred over a perpetual licensing model.
  • Adjusted EBITDA decreased by 47% to $2.8 million for the quarter ended July 31, 2018 compared to $5.3 million for the quarter ended July 31, 2017. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax (benefit)/expense and non-cash stock-based compensation expense.

The overall financial condition of the Company remains strong, with cash and investments of approximately $87.4 million and no debt as of July 31, 2018. During the first quarter of fiscal 2019, the Company paid shareholder dividends of approximately $3.4 million.

“Our first quarter fiscal year 2019 results reinforce our continued momentum towards Software-as-a-Service (SaaS) subscriptions as the preferred customer engagement method which is highlighted by our 71% increase in Cloud Services Annual Contract Value (ACV), fueled by a 93% increase in SaaS subscriptions,” said Allan Dow, president of American Software. “Last week, both Logility and Demand Management were recognized as Leaders in the 2018 Gartner Magic Quadrant for Supply Chain Planning System of Record. We believe this recognition highlights our long-standing leadership in developing innovative solutions that help companies of all sizes mitigate risk, increase profitability and optimize their digital supply chains.”

“Our continuing investments in innovative software and services to power the digital supply chain are helping our customers reach new levels of productivity,” continued Dow. “Digitization drives a new wave of supply chain productivity which is more intelligent, responsive, scalable and collaborative, helping our customers gain new insights and make better decisions faster.”


The following information was filed by American Software Inc (AMSWA) on Tuesday, September 4, 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.

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