American Software, Inc. Provides Revenue Guidance for the Fiscal Second Quarter of 2021
August 26, 2020 at 05:00 pm EDT
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American Software, Inc. provided revenue guidance for the fiscal second quarter of 2021. Based on the seasonal nature of the services work and the backlog of project activities, the company expects second quarter revenue to trend higher than First Quarter and anticipate the back end of the company's fiscal year to be very strong after working the company's way through the traditionally slow calendar year and holiday period.
American Software, Inc. provides software and services. The Company provides a cloud-architected supply chain management platform that helps its clients manage eight planning processes: product, demand, inventory, supply, network optimization, deploy, integrated business planning and supply chain data management. The Company operates through three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting) and Other. The SCM segment consists of Logility, Inc., which provides collaborative supply chain software and services to streamline and optimize the production, distribution and management of products between trading partners. The IT Consulting segment consists of The Proven Method, Inc., which offers technology staffing and consulting services. The Other segment consists of American Software ERP, which provides purchasing and materials management, client order processing, financial, e-commerce and traditional manufacturing software and services.