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Jul 31, 2022
American Software Q1 2023 Earnings Report
Reported a solid start to fiscal year 2023, highlighted by continued strong growth in subscription fees and adjusted EBITDA margin.
Key Takeaways
American Software reported a 7% increase in total revenues to $31.3 million for the quarter ended July 31, 2022, compared to $29.3 million for the same period of the prior year. Subscription fees increased by 23%, and the adjusted EBITDA margin was 15%.
Subscription fees increased 23% to $12.1 million.
Total revenues increased 7% to $31.3 million.
Operating earnings increased 44% to $2.6 million.
Adjusted EBITDA increased 26% to $4.6 million.
American Software
American Software
American Software Revenue by Segment
Forward Guidance
American Software provided financial outlook for fiscal year 2023.
Positive Outlook
- Total revenues are expected to be between $132.5 million and $135.0 million.
- Total recurring revenues are projected to be between $86.5 million and $89.0 million.
- Adjusted EBITDA is anticipated to be between $16.0 million and $18.0 million.
- Guidance based on investments for growth.
- Guidance based on employee retention.
Revenue & Expenses
Visualization of income flow from segment revenue to net income