Welcome to our dedicated page for American Software news (Ticker: $AMSWA), a resource for investors and traders seeking the latest updates and insights on American Software stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Software's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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American Software, Inc. (AMSWA) will release its Third Quarter Fiscal Year 2024 preliminary financial results on February 22, 2024, after the U.S. financial markets close. The company's operating entity Logility offers an AI-powered supply chain planning platform that supports digital supply chain transformation. A conference call with the investment community will be held at 5:00 pm ET on the same day, with a live webcast and replay available on the company's investor relations page.
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Logility, Inc. has announced the launch of GenAI, a generative AI solution that aims to revolutionize supply chain management. The new offering is designed to provide actionable insights and improve productivity by leveraging AI capabilities to help enterprises make faster decisions and remove decision latency. Logility's GenAI acts as a liaison that bridges departmental silos and is set to accelerate supply chain decision making, providing clients with real-time insights and increased market share.
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Logility, Inc. introduces new functionality to its cloud-based Logility Digital Supply Chain Platform, aimed at improving visibility into vendor and supplier relationships. The new features focus on corporate responsibility, traceability, and vendor management software applications, benefiting retail and apparel companies.
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American Software, Inc. (AMSWA) has announced that certain 2023 distributions are classified as return of capital (non-dividend) distributions, impacting shareholders' tax basis. The company has provided Form 8937 on its website to aid investors in tax reporting. Shareholders are advised to seek guidance from their tax advisors regarding the impact on their 2023 taxes.
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American Software, Inc. (AMSWA) will be presenting at the 26th Annual Needham Growth Conference on Friday, January 19, 2024, at 11:00 am ET. The presentation will be virtual and accessible via webcast. CEO Allan Dow and CFO Vincent Klinges will be representing the company. A replay of the presentation will be available on the company's website for a limited time.
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Logility, Inc. (LOGI) Announces Enhanced AI/ML Capabilities to Digital Supply Chain Platform
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American Software, Inc. (NASDAQ: AMSWA) filed a Form 10-K/A and Form 10-Q/A related to a material weakness in its internal control over financial reporting. The company identified an error resulting in an immaterial understatement of expenses and liabilities after divesting The Proven Method. The error did not result in a material misstatement of financial statements. The outside auditor's opinion on the effectiveness of internal control over financial reporting should not be relied upon. The company has initiated a process to update its reconciliation control policy and expects full remediation before April 30, 2024.
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Logility, a leader in prescriptive supply chain planning solutions, announced the extension of its Manufacturing Optimization solution. The advanced scheduling capabilities, including Synchronous Scheduling and Flexible Scripts, aim to maximize production efficiencies and meet diverse scheduling needs in various industries. The solution leverages Industry 4.0 technologies like AI, ML, and automation to continuously update activity in digital supply chains, providing real-time visibility and collaboration tools. Logility's Manufacturing Optimization solution offers advanced scheduling algorithms, configurable environment, and collaboration tools to optimize production schedules.
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AMSWA: American Software, Inc. Declares Quarterly Dividend of $.11 per Share
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American Software, Inc. (NASDAQ: AMSWA) reported an 8% growth in subscription fees and an adjusted EBITDA margin of 16% of revenue from Continuing Operations in Q2. Total revenues decreased by 6% to $25.7 million, mainly due to a decline in services and maintenance fee revenue. Recurring revenue streams for Maintenance and Cloud Subscriptions accounted for 84% of total revenues. Operating earnings decreased to $1.2 million from $2.6 million, and GAAP net earnings from continuing operations were $0.6 million. Adjusted net earnings from continuing operations were $2.9 million. Subscription fees for the six months ended October 31, 2023, increased by 11% to $27.1 million. Total revenues for the same period decreased by 5% to $51.6 million. Recurring revenue streams accounted for 84% and 78% of total revenues for the six-month periods ended October 31, 2023 and 2022, respectively.
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American Software, Inc.
Nasdaq:AMSWA
AMSWA Rankings
AMSWA Stock Data
336.52M
30.97M
1.24%
71.91%
0.94%
Software Publishers
Information
United States of America
ATLANTA
About AMSWA
about us headquartered in atlanta, american software (nasdaq: amswa) provides demand-driven supply chain management and enterprise software solutions backed by more than 40 years of industry experience that drive value for companies regardless of market conditions. american software, inc. (american software) develops, markets and supports a portfolio of software and services that deliver enterprise management and collaborative supply chain solutions to the global marketplace. the company’s software and services are designed to bring business value to enterprises by supporting their operations over intranets, extranets, client/servers or the internet. it provides software solutions through three business segments, which are broken down into four product and service groups. the three business segments include supply chain management (scm), enterprise resource planning (erp) and information technology (it) consulting. our mission to create long-term, sustainable value for customers and sh