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Apr 30, 2020
American Software Q4 2020 Earnings Report
American Software reported preliminary results with subscription fees increasing by 64%, cloud services annual contract value increasing by 53%, and operating earnings increasing by 57%.
Key Takeaways
American Software reported an 11% increase in total revenues, reaching $29.3 million, and a 57% increase in operating earnings to $1.6 million. Subscription fees grew by 64%, and Cloud Services ACV increased by 53%. However, GAAP net earnings decreased by 71% to $0.5 million.
Total revenues increased by 11% to $29.3 million.
Subscription fees increased 64% to $6.3 million.
Cloud Services Annual Contract Value (ACV) increased 53% to $26.4 million.
Operating earnings increased 57% to $1.6 million.
Revenue by Segment
Forward Guidance
American Software anticipates continued growth in recurring revenue due to its cloud-first strategy and the longer-term commitment of customers to its platform and services.
Positive Outlook
- Expects percentage of recurring revenue to continue to trend higher.
- Believes customers using AI, ML, and advanced analytics will improve supply chain performance.
- Customers will be better positioned to sense and respond to unforeseen challenges.
- Customers will be able to capitalize on opportunities that may impact their profitable growth.
- Company's cloud-based digital platform provides customers with decision support capabilities to achieve an agile, resilient and higher velocity supply chain
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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