American Software, Inc. - AMSWA STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

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.