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Jan 31, 2024
American Software Q3 2024 Earnings Report
Reported preliminary financial results with subscription fee growth and adjusted EBITDA margin achieved.
Key Takeaways
American Software reported a decrease in total revenues by 7% to $25.5 million, but subscription fees increased by 9%. GAAP net earnings from continuing operations were $4.2 million, or $0.12 per diluted share, and adjusted net earnings were $6.3 million, or $0.19 per diluted share.
Subscription fees increased by 9% year-over-year.
Total revenues decreased by 7% due to a decline in services and maintenance fee revenue.
GAAP net earnings from continuing operations increased to $4.2 million, or $0.12 per diluted share.
Adjusted net earnings from continuing operations increased to $6.3 million, or $0.19 per diluted share.
Revenue by Segment
Forward Guidance
American Software expects total revenues between $100.0 million and $104.0 million, including total recurring revenues of $85.0 million to $88.0 million, and adjusted EBITDA between $14.5 million and $16.0 million for fiscal year 2024.
Positive Outlook
- Total revenues are expected to be between $100.0 million and $104.0 million.
- Total recurring revenues are projected to be between $85.0 million and $88.0 million.
- Adjusted EBITDA is anticipated to be between $14.5 million and $16.0 million.
- Increase in activity with existing and prospective customers progressing initiatives to adopt AI-first supply chain planning solutions.
- Strength of the pipeline and greater customer engagement positions the company for a strong finish to fiscal 2024.
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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