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Jul 31, 2020
American Software Q1 2021 Earnings Report
Reported preliminary financial results with subscription fees increasing and operating earnings also increasing.
Key Takeaways
American Software reported preliminary financial results for Q1 2021, with total revenues of $27.3 million. Subscription fees increased by 43%, and operating earnings increased by 11%. The company's financial condition remains strong, with cash and investments of approximately $93.0 million and no debt.
Subscription fees increased 43% to $6.4 million.
Cloud Services Annual Contract Value (ACV) increased approximately 36% to $27.5 million.
Operating earnings increased 11% to $0.9 million.
GAAP net earnings increased 77% to $2.0 million or $0.06 per fully diluted share.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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