AMERICAN SOFTWARE Reports 6.8% Decrease in Revenue for Quarter Ending July 31 2023
August 31, 2023
🌥️Earnings Overview
For the quarter ending July 31, 2023, AMERICAN SOFTWARE ($NASDAQ:AMSWA) reported total revenue of USD 29.2 million, a 6.8% decrease from the same period in the previous year. Net income, however, was USD 2.8 million, an increase of 29.1% year on year. This was the first quarter of fiscal year 2024.
Analysis
GoodWhale’s analysis of the fundamentals of AMERICAN SOFTWARE conclude that it is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. AMERICAN SOFTWARE is strong in asset, profitability, and medium in dividend. It is weak in growth. Additionally, AMERICAN SOFTWARE has a high health score of 10/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. Investors looking for consistent dividend payouts may be interested in AMERICAN SOFTWARE as a potential asset. The company’s strong asset and profitability indicate that it has the potential to deliver on its dividend promises, making it an attractive choice for those looking for a steady income source. Additionally, its high health score shows that it is well-equipped to withstand any economic downturns. 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
Investors in AMERICAN SOFTWARE may be encouraged by the company’s first quarter fiscal year 2024 results, which saw total revenue of USD 29.2 million, a 6.8% decrease compared to the same period in the previous year. However, the company reported a net income of USD 2.8 million, an increase of 29.1% year-over-year. This indicates that despite the decrease in total revenue, the company was still able to significantly increase profits. This data may signal potential growth opportunities for investors.
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