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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.
American Software
American Software
American Software Revenue by Segment
Revenue by Segment
Subscription Fees Revenue
CapyFin.comMaintenance Revenue
CapyFin.com 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