American Software Reports Record Earnings for Q1 of FY2024
September 7, 2023
🌥️Earnings Overview
On July 31 2023, AMERICAN SOFTWARE ($NASDAQ:AMSWA) revealed its financial results for the quarter ending August 24 2023 of FY2024. USD 29.2 million in total revenue was reported, a 6.8% decrease from the same quarter in the previous year. Year-over-year, net income increased by 29.1% to USD 2.8 million.
Market Price
On Thursday, AMERICAN SOFTWARE reported record earnings for the first quarter of Fiscal Year 2024. The company’s stock opened the day at $11.0 and closed at $10.7, representing a 2.5% decrease from its previous closing price of 11.0. The company’s success in the first quarter of FY2024 is attributed to its increased focus on profitability and revenue growth. AMERICAN SOFTWARE has invested heavily in developing new products and services, as well as enhancing existing offerings that have allowed it to gain a competitive edge in the market.
Additionally, the company has implemented cost-saving measures for its operations, resulting in a more efficient business model. AMERICAN SOFTWARE’s strong financial performance in the first quarter of FY2024 is indicative of the company’s ongoing commitment to providing innovative products and services to its customers. With its focus on continuous improvement, AMERICAN SOFTWARE is well positioned for continued success in the coming quarters. Live Quote…
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% |
Analysis
At GoodWhale, we recently conducted an analysis of the fundamentals of AMERICAN SOFTWARE. Our Risk Rating system determined that this company is a medium risk investment. The financial ratings indicate that AMERICAN SOFTWARE is in a strong position for the long-term. The company has a solid track record of profitability and sound balance sheet. On the business side, they have a well-established customer base and a competitive edge in their chosen sector. However, GoodWhale detected one risk warning in the non-financial aspect. As a result, we urge potential investors to exercise caution when considering whether to invest in AMERICAN SOFTWARE. To access our full risk rating report, please become a registered user on our website. More…
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 analyzing American Software should be encouraged by the company’s latest quarterly results. Despite a 6.8% decrease in total revenue, the company reported a 29.1% increase in net income. This highlights the company’s success in managing its expenses and driving profitability.
As a result, the stock remains an attractive investment option for long-term growth. With a strong financial standing, American Software looks set to deliver further growth in the near future.
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