American Software, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2023
November 16, 2023 at 04:06 pm EST
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American Software, Inc. reported earnings results for the second quarter and six months ended October 31, 2023. For the second quarter, the company reported revenue was USD 25.69 million compared to USD 27.28 million a year ago. Net income was USD 2.36 million compared to USD 2.11 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.06 a year ago. Basic earnings per share was USD 0.07 compared to USD 0.06 a year ago. Diluted earnings per share was USD 0.07 compared to USD 0.06 a year ago.
For the six months, revenue was USD 51.59 million compared to USD 54.06 million a year ago. Net income was USD 5.11 million compared to USD 4.17 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.11 a year ago. Basic earnings per share was USD 0.14 compared to USD 0.13 a year ago. Diluted earnings per share was USD 0.14 compared to USD 0.12 a year ago.
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.
AMERICAN SOFTWARE, INC. 
