AMERICAN SOFTWARE Reports 6.8% Decrease in Revenue for First Quarter of FY2024
August 26, 2023
🌥️Earnings Overview
For the first quarter of FY2024 ending July 31 2023, AMERICAN SOFTWARE ($NASDAQ:AMSWA) reported total revenue of USD 29.2 million, which was 6.8% lower than the same period in the previous year. On the other hand, their net income increased significantly to USD 2.8 million, a 29.1% jump from the prior year.
Analysis
GoodWhale has conducted an analysis of the financials of AMERICAN SOFTWARE and has determined that it is a medium risk investment in terms of both financial and business aspects. Nonetheless, GoodWhale has detected one risk warning in the non-financial area. To get more information on this risk warning, users can register on the GoodWhale website. This will provide them with access to more detailed information about potential risks related to AMERICAN SOFTWARE’s investment. GoodWhale’s analysis of AMERICAN SOFTWARE’s financials takes into account various factors such as earnings, cash flow, debt, and liquidity. This helps investors make an informed decision about whether or not to invest in the company. GoodWhale’s risk rating system is designed to help investors become more knowledgeable about the risks and potential rewards of investing in AMERICAN SOFTWARE. Therefore, it is important for investors to understand all the potential risks involved before making any decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for American Software. More…
| Total Revenues | Net Income | Net Margin |
| 121.53 | 11.04 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for American Software. More…
| Operations | Investing | Financing |
| 8.31 | -2.82 | -9.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for American Software. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 190.58 | 50.46 | 4.08 |
Key Ratios Snapshot
Some of the financial key ratios for American Software are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.8% | 15.9% | 7.9% |
| FCF Margin | ROE | ROA |
| 4.5% | 4.3% | 3.1% |
Peers
The Company’s solutions are designed to meet the needs of companies of all sizes, across all industries. American Software Inc’s competitors include E2open Parent Holdings Inc, Coupa Software Inc, and Acteos.
– E2open Parent Holdings Inc ($NYSE:ETWO)
The company’s market cap is currently 1.64B, and its ROE is -11.09%. The company operates in the healthcare industry, and its main products and services include health insurance, medical care, and prescription drugs.
– Coupa Software Inc ($NASDAQ:COUP)
Coupa Software Inc is a cloud-based spend management software company. The company provides a suite of cloud-based applications that help businesses automate and control their spending. Coupa’s software is designed to help businesses save money by reducing costs and improving efficiencies. The company’s products are used by businesses of all sizes, from small businesses to Fortune 500 companies. Coupa Software Inc is headquartered in San Mateo, California.
– Acteos ($LTS:0O69)
In 2022, the market cap for Acteos was 5.25 million. The company had a return on equity of 120.42%. The company is engaged in the development and commercialization of treatments for patients with cancer. The company’s products are designed to target and kill cancer cells while sparing normal cells.
Summary
American Software is a solid investment opportunity for the first quarter of FY2024 ending July 31, 2023. With a 6.8% decrease in total revenue from the same period in the previous year, investors may be concerned.
However, net income increased 29.1%, providing positive news for potential investors. This suggests that the company has adapted to the changing market conditions to remain a profitable venture. With strong financials, American Software is well-positioned for continued success in the future.
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