American Software Reports First Quarter of Fiscal Year 2025 Results
American Software, Inc. - Class A (AMSWA)
Last american software, inc. - class a earnings: 2/20 04:05 pm
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Source: Business Wire
Subscription Fee Growth of 7% and Adjusted EBITDA Margin of 18% in Q1 ATLANTA--(BUSINESS WIRE)--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the first quarter of fiscal year 2025.“Our Q1 performance was consistent with our internal expectations and reflected disciplined cost management in a skittish selling environment,” said Allan Dow, CEO and President of American Software. “As anticipated, sales cycles remained protracted due to continued economic uncertainty and the seasonality we typically experience at the start of our fiscal year. Regardless, the expansion of our late-stage pipeline coupled with indications that some of our clients and prospects are ready to move forward with projects leave us confident in achieving our original guidance for fiscal year 2025.”Fiscal Year 2025 Financial Outlook from Continuing Operations(a):Total revenues of $104.0 million to $108.0 million, including total recurring revenues of $87.0 million to $89
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