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Oct 31, 2021
American Software Q2 2022 Earnings Report
Achieved double-digit revenue growth driven by continued strong growth in subscription fees.
Key Takeaways
American Software reported a 12% increase in total revenues to $31.2 million for the quarter ended October 31, 2021, driven by a 49% increase in subscription fees and a 79% increase in software license revenues. The company's operating earnings increased by 326%, and GAAP net earnings increased by 379%.
Total revenues increased by 12% compared to the same period last year.
Subscription fees increased by 49% compared to the same period last year.
Cloud Services Annual Contract Value (ACV) increased approximately 44% compared to the same period of the prior year.
Operating earnings increased by 326% compared to the same period last year.
American Software
American Software
American Software Revenue by Segment
Revenue by Segment
Subscription Fees Revenue
CapyFin.comMaintenance Revenue
CapyFin.com Forward Guidance
Company expects to build upon its momentum as it executes against its growing pipeline and as enterprises increasingly adopt cloud-based supply chain transformation solutions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income