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American Software, Inc. - AMSWA STOCK NEWS

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American Software Inc develops enterprise management and supply chain-related software and services. Its software and services bring business value to companies by supporting their operations over cloud-based Internet-architected solutions. The company's operating segments include Supply Chain Management (SCM); Information Technology Consulting (IT Consulting) and Others. It generates maximum revenue from the Supply Chain Management segment. SCM segment provides collaborative supply chain solutions to streamline and optimize the production, distribution, and management of products between trading partners. Its solutions consist of global sourcing, workflow management, customer service applications, and ERP solutions.

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Logility, a leader in AI-driven supply chain planning software, announced a partnership with Worldly, a sustainability insights platform, to enhance supply chain transparency and sustainability. The collaboration aims to provide comprehensive ESG data to over 40,000 brands, retailers, and manufacturers. This data will help manage over 3,500 tier one suppliers and over 10,000 lower-tier suppliers globally. The integration allows clients to map critical ESG attributes, ensure due diligence, and meet regulatory requirements. This will enable over 100 clients in the Apparel and Soft Goods industry to better manage their supply chains.

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American Software (NASDAQ: AMSWA), a leading provider of AI-driven supply chain planning software, announced its participation in the Sidoti Small Cap Conference. CEO Allan Dow and CFO Vincent Klinges will present virtually on June 12, 2024, at 10:45 am ET. The presentation will be webcast live and archived on the company's website for a time.

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American Software (NASDAQ: AMSWA) reported its fiscal year 2024 and Q4 financial results, highlighting an 8% and 10% growth in subscription fees for Q4 and the fiscal year, respectively. The company divested non-core assets and launched new AI-first supply chain solutions. However, total Q4 revenues decreased by 5% to $25.4 million due to declines in license, services, and maintenance fees. Fiscal year 2024 total revenues also fell by 5% to $102.5 million. Adjusted EBITDA for Q4 and fiscal year 2024 dropped by 28% and 18%, respectively. Despite these declines, adjusted net earnings rose by 15% to $17 million. The company projects total revenues of $104-$108 million for fiscal year 2025, with recurring revenues of $87-$89 million. Key clients and technological advancements were also highlighted.

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American Software's Board of Directors has declared a quarterly cash dividend of $0.11 per share. The dividend will be payable to shareholders of record as of August 16, 2024, and is scheduled to be disbursed around August 30, 2024. This announcement is reflective of the company's ongoing commitment to delivering shareholder value.

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American Software (NASDAQ: AMSWA), a leader in AI-powered supply chain planning software, announced its participation in the 24th Annual B. Riley Securities Institutional Investor Conference.

CEO Allan Dow and CFO Vincent Klinges will attend the event scheduled for May 23, 2024.

The format includes a fireside chat and one-on-one meetings, with Dow participating in the 'AI in Tech and FinTech Space' panel.

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American Software (NASDAQ: AMSWA), a leader in AI-powered supply chain planning, will announce its Fourth Quarter and Fiscal Year 2024 preliminary financial results on June 6, 2024, after U.S. markets close. The results will be discussed during a conference call at 5:00 pm ET that day, available via a live webcast and replay on the company's investor relations page.

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Logility expands its generative AI capabilities across its Digital Supply Chain Platform, collaborating with Deloitte Canada to address supply chain planning challenges. The integration of GenAI allows planners to focus on high-value activities and executives to make strategic decisions confidently in seconds. Logility's AI-first approach with GenAI empowers businesses to make timely, data-driven decisions.

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Logility, Inc. has been recognized by Gartner® as a Leader in the 2024 Magic Quadrant™ for Supply Chain Planning Solutions. The Logility Digital Supply Chain Platform offers an AI-first approach to supply chain planning, empowering organizations with agility and precision. The platform enables businesses to proactively anticipate demand fluctuations, optimize inventory levels, and enhance overall supply chain resilience through narrow AI, generative AI, and predictive analytics. Logility delivers value through AI-first insights, profitable supply chain optimization, and superior visibility.

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Logility, Inc. introduces the Decision Command Center, aimed at enhancing supply chain decision-making through data-driven insights. The platform offers a holistic approach to supply chain processes by leveraging data and intelligence to drive value creation and better resource utilization. Supply chain leaders can now make faster, higher quality decisions, leading to improved efficiency and value creation.
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Logility, Inc. introduces dynamic inventory modeling capabilities to its cloud-based Logility® Digital Supply Chain Platform, leveraging AI and ML for optimized network configuration and inventory management. This innovative solution aims to reduce inventory costs and enhance supply chain performance.
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FAQ

What does American Software Inc do?

American Software Inc develops enterprise management and supply chain-related software and services.

How does American Software Inc bring value to companies?

American Software Inc brings business value to companies by supporting their operations over cloud-based Internet-architected solutions.

What are the operating segments of American Software Inc?

The operating segments of American Software Inc include Supply Chain Management (SCM); Information Technology Consulting (IT Consulting) and Others.

From which segment does American Software Inc generate maximum revenue?

American Software Inc generates maximum revenue from the Supply Chain Management segment.

What solutions does the SCM segment of American Software Inc provide?

The SCM segment provides collaborative supply chain solutions to streamline and optimize the production, distribution, and management of products between trading partners.

What are the key features of the solutions provided by American Software Inc?

The key features include global sourcing, workflow management, customer service applications, and ERP solutions.

How long has American Software Inc been in the industry?

American Software Inc has more than 40 years of industry experience.

Where is American Software Inc headquartered?

American Software Inc is headquartered in Atlanta.

What is the mission of American Software Inc?

The mission of American Software Inc is to create long-term, sustainable value for customers.

What are the business segments of American Software Inc?

The three business segments include Supply Chain Management (SCM), Enterprise Resource Planning (ERP), and Information Technology (IT) Consulting.

American Software, Inc.

Nasdaq:AMSWA

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AMSWA Stock Data

324.82M
31.46M
1.38%
70.21%
0.94%
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