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Oct 31, 2020
American Software Q2 2021 Earnings Report
Reports preliminary financial results, with subscription fees increasing and cloud services annual contract value also increasing.
Key Takeaways
American Software reported a slight decrease in total revenues for Q2 2021, but saw growth in subscription fees and cloud services annual contract value. The company's transition to SaaS engagement model impacted software license revenues, while recurring revenue streams from Maintenance and Cloud Services increased as a percentage of total revenues.
Subscription fees increased 27% to $7.0 million.
Cloud Services Annual Contract Value (ACV) increased 32% to $29.6 million.
Total revenues decreased 1% to $27.9 million.
GAAP net earnings decreased 61% to $0.7 million, or $0.02 per fully diluted share.
Revenue by Segment
Forward Guidance
Company is confident that the growing pipeline will translate into further business momentum in the latter half of fiscal 2021 and beyond.
Positive Outlook
- Continued adoption of cloud services offerings.
- Growth in subscription fees.
- Increase in Annual Contract Value.
- Strong customer retention rates.
- Growing pipeline for cloud-based supply chain solutions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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