Blog Type: Press Release

Vendor management, product traceability, and compliance features offer better risk management and minimize stock outs.

ATLANTA, GA – January 30, 2024 – Logility, Inc., a leader in prescriptive supply chain planning software, introduces new functionality to its AI-first Logility® Digital Supply Chain Platform, designed to elevate visibility into vendor and supplier relationships. New features are available for corporate responsibility, traceability, and vendor management software applications.  

Many retail and apparel companies face challenges in managing information about all vendors involved in delivering their products to market. With such a complex ecosystem to navigate, Logility developed software that supports not only an incremental approach to managing suppliers but also a path to excellence by collecting additional transactional documentation needed for compliance. 

Boost Supply Chain Visibility and Efficiency:

  • Vendor Compliance Dashboard: Track supplier sustainability performance and progress easily.
  • Faster Supplier Onboarding: Streamlined evaluation with improved certificate management.
  • Reduce Product Risk: Identify at-risk purchase orders and restricted suppliers efficiently.
  • Enhanced Communication: Cancel compliance forms with clear notifications to all parties.
  • Track Legal Violations: Record and modify legal details for better compliance monitoring.

“Logility Vendor Management is the foundation for managing suppliers within your complex supply chain

enabling supplier governance,” says Somesh Rao, Vice President of Product Management at Logility. “When used in collaboration with Corporate Responsibility and Product Traceability you can increase visibility to create a source to destination digital thread and reduce the risk of utilizing a non-compliant supplier in your production process supporting transparent supply chain practices.”

Ready to empower your supplier ecosystem? Explore our resources:

Learn more about the Logility® Digital Supply Chain Platform.

About Logility

Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 650 clients in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the company means Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

ATLANTA (January 22, 2024) – American Software, Inc. (NASDAQ: AMSWA) has determined that certain 2023 distributions are considered to be return of capital (non-dividend) distributions.

This tax treatment will affect shareholders’ tax basis in their shares. To assist investors with tax reporting, Form 8937, Report of Organizational Actions Affecting Basis of Securities has been posted on the Investor section of the Company’s website under “Investor Relations.”

Shareholders should consult their tax advisors to determine how this change may affect their 2023 taxes.

Download Press Release with FORM 8937

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility delivers an innovative AIpowered platform that enables enterprises to accelerate their digital supply chain transformation from product concept to client availability via the Logility® Digital Supply Chain Platform, a single platform spanning Product, Demand, Inventory, Supply, Sourcing, Deploy, Corporate Responsibility Environment, Social and Governance (ESG) and Network Optimization aligned with Integrated Business Planning.

Serving clients such as Big Lots, Bunzl Australasia, Carter’s, Destination XL, Glen Raven, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx and Taylor Farms; our solutions are marketed and sold through a direct sales team as well as an indirect global value-added reseller (“VAR”) distribution network.

Fueled by supply chain master data, allowing for the automation of critical business processes through the application of artificial intelligence and machine learning algorithms to a variety of internal and external data streams, the comprehensive Logility portfolio delivered in the cloud includes advanced analytics , supply chain visibility, demand, inventory and replenishment planning, Sales and Operations Planning (S&OP), Integrated Business Planning (IBP), supply and inventory optimization, manufacturing planning and scheduling, network design and optimization (NDO), retail merchandise and assortment planning and allocation, product lifecycle management (PLM), sourcing management, vendor quality and compliance, and product traceability. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity of American Software, Inc. (NASDAQ: AMSWA). You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.

ATLANTA (January 5, 2024) American Software, Inc. (NASDAQ: AMSWA), a leading provider of innovative AI-powered supply chain management and advanced retail planning platforms, today announced that Allan Dow, Chief Executive Officer and President, and Vincent Klinges, Chief Financial Officer, will present virtually at the following investor conference:

26th Annual Needham Growth Conference
Date: Friday, January 19, 2024
Time: 11:00 am ET
Webcast: https://wsw.com/webcast/needham134/amswa/2434938

A replay of the presentation will also be archived on American Software’s website for a limited time.

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers prescriptive demand, inventory, manufacturing, and supply planning tools – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. 

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an independent global value-added reseller distribution network.Logility is the only supply chain planning platform leveraging Generative AI, advanced AI-driven algorithms, and machine learning. Our engineered approach drives team alignment for over 800 customers in 80 countries with prioritized, value-focused outcomes. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity of American Software, Inc. (NASDAQ: AMSWA). You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.

 The Logility Platform leverages enhanced AI/ML capabilities to sense, analyze and update activity in your digital supply chain.

ATLANTA – December 20, 2023 – Logility, Inc., a leader in prescriptive supply chain planning solutions, today announced new functionality to its cloud-based (SaaS) Logility® Digital Supply Chain Platform. New features leverage artificial intelligence (AI), machine learning (ML), and automation to continuously sense, analyze, and update activity in your digital supply chains. The release also deepens inventory, manufacturing, and ESG capabilities within the Logility platform.

Logility’s latest release to its Digital Supply Chain Platform also includes new cancel compliance form capability and legal compliance violation information—enabling better corporate responsibility management.

New platform capabilities include:

InventoryAI+ Dashboard
The newly introduced InventoryAI+ dashboard is designed as an easy-to-use, all-in-one overview that transcends traditional inventory management approaches. This feature streamlines the process by incorporating intelligent exceptions management, going beyond simple safety stock calculations. It directly addresses the challenge faced by users who seek an efficient means to identify and address exceptions in inventory data, allowing them to prioritize actions based on intelligent scoring using inventory economics for both excess and deficit stocks.

Probabilistic Inventory Planning with Automated Inventory Policies
Sporadic demand items have posed a unique challenge in determining safety stock targets based on desired service levels. Logility’s novel Probabilistic Inventory Planning capability overcomes this challenge to determine the appropriate safety stock policy for items characterized as low and lumpy through Automated Inventory Policies—which automatically assigns the right policy to inventory at all stages of a product’s lifecycle. This approach goes beyond the limitations of traditional methods and empowers businesses to maintain the desired service levels without overstocking. With Probabilistic Inventory Planning you can make informed decisions based on statistical analysis, reducing the guesswork and uncertainty associated with lumpy or intermittent demand items.

Manufacturing Optimization – Cloud Configuration and Onboarding
With streamlined cloud configuration and onboarding, the Manufacturing Optimization application delivers a more optimal client experience. This update simplifies the process of data import, plant creation, and user support for clients utilizing cloud services. This involves the efficient loading of data and straightforward configuration, eliminating the need for intricate database manipulations and enabling users to perform these tasks directly within the application.

Vendor Management: Corporate Responsibility

Cancel Compliance Form
The cancel compliance form feature in the Vendor Management application addresses a critical need for Corporate Responsibility Advisors and Vendor Management Business Leads, enabling them to cancel compliance forms within the assessment process. This functionality facilitates continuous monitoring and corrective action plans by leveraging the information from the last assessment. Importantly, all parties involved, including vendors, suppliers, third parties, and other Corporate Responsibility members, will be notified of the assessment cancellation through alerts, fostering transparency and effective communication.

Legal Compliance Violation
The Logility platform can now capture legal compliance violation information based on region/country, identified by third parties during the approval or rejection of forms. This empowers authorized Corporate Responsibility Advisors to record and modify legal violation information, including legal reference numbers and verification details, aiding comprehensive and efficient compliance monitoring for all clients.

About Logility
Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 800 customers in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com.

Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the company means Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

Manufacturing Solution Delivers Enhanced Flexibility and Synchronization

ATLANTA – November 27, 2023 – Logility, Inc., a leader in prescriptive supply chain planning solutions, today announced the extension of its robust Manufacturing Optimization solution. Advanced scheduling capabilities such as Synchronous Scheduling and Flexible Scripts are designed to further maximize production efficiencies. These capabilities deliver a highly configurable solution to meet diverse scheduling needs in a wide range of industries, including consumer goods, food and beverage, and industrial durables.

Today the pressure is on manufacturers to maximize margins, so every minute matters in production environments. That’s why the Synchronous Scheduling feature in Manufacturing Optimization addresses a crucial manufacturing challenge by allowing concurrent scheduling of multiple items on the same production resource with identical start and end times. This capability is particularly valuable for industries such as food and industrial durables–for example, in baking, curing, or drying processes where various items need to be processed simultaneously.

Deployed in hundreds of manufacturing environments, The Logility® Digital Supply Chain Platform leverages Industry 4.0 technologies such as artificial intelligence (AI), machine learning (ML) and automation to continuously sense, analyze, and update activity in digital supply chains. With Flexible Scripts, clients can quickly represent real-world constraints in their manufacturing environment. The solution provides the flexibility to configure scheduling constraints and goals for each manufacturing resource within a plant using low-code development via Python.  

“Our clients rely on highly sophisticated manufacturing processes, so we deliver equally sophisticated capabilities to accurately model those processes without lengthening implementation time or compromising solution performance,” said Kevin McInturff, Logility CTO. “With these market-leading capabilities we help ensure the highest utilization possible of equipment and resources.”  

As a key solution in the Logility® Digital Supply Chain Platform, Manufacturing Optimization provides the power and flexibility to meet the needs of complex and unique production environments. The solution includes a variety of features to help users optimize production schedules, including:

  • Advanced scheduling algorithms: The solution uses advanced scheduling algorithms designed to find the best possible production schedule, considering factors such as resource availability, demand, and constraints.
  • Configurable environment: The solution can be configured to meet the specific needs of each organization, including the types of products being produced, the production processes, and the resources available.
  • Real-time visibility: The solution is designed to provide real-time visibility into production schedules, so users can quickly identify and address any potential problems.
  • Collaboration tools: The solution includes collaboration tools to help users work together to create and optimize production schedules.

To see the Logility’s Digital Supply Chain Platform in action, visit us at booth 103 at the Gartner Planning Summit November 28-29 or at Logility.com. 

About Logility

Logility’s Digital Supply Chain Platform delivers prescriptive demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s (SaaS) cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our engineered approach drives team alignment for over 800 customers in 80 countries with prioritized outcomes that assure demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the company means Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

Subscription Fee Growth of 8% and Adjusted EBITDA Margin was 16% of revenue from Continuing Operations in Q2

ATLANTA (November 20, 2023) American Software, Inc. (NASDAQ: AMSWA) today announced that its Board of Directors declared a quarterly dividend of $.11 per share. The dividend is payable to the Company’s Class A and Class B Shareholders of record at the close of business on February 2, 2024, to be paid on or about February 16, 2024.

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility delivers an innovative AI-powered platform that enables enterprises to accelerate their digital supply chain transformation from product concept to client availability via the Logility® Digital Supply Chain Platform, a single platform spanning Product, Demand, Inventory, Supply, Sourcing, Deploy, Corporate Responsibility Environment, Social and Governance (ESG) and Network Optimization aligned with Integrated Business Planning.

Serving clients such as Berlin Packaging, Bunzl Australasia, Carter’s, Destination XL, Glen Raven, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Tillamook County Creamery Association and Denso Europe B.V.; our solutions are marketed and sold through a direct sales team as well as an indirect global value-added reseller (“VAR”) distribution network. 

Fueled by supply chain master data, allowing for the automation of critical business processes through the application of artificial intelligence and machine learning algorithms to a variety of internal and external data streams, the comprehensive Logility portfolio delivered in the cloud includes advanced analytics , supply chain visibility, demand, inventory and replenishment planning, Sales and Operations Planning (S&OP), Integrated Business Planning (IBP), supply and inventory optimization, manufacturing planning and scheduling, network design and optimization (NDO), retail merchandise and assortment planning and allocation, product lifecycle management (PLM), sourcing management, vendor quality and compliance, and product traceability. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity for American Software, Inc.. You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.

Forward Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company could experience as well as other information, please refer to the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

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Divestment aligns with American Software’s commitment to AI-first supply chain technology solutions. 

ATLANTA (November 16, 2023) American Software, Inc. (NASDAQ: AMSWA), a leading provider of innovative AI-powered supply chain management and advanced retail planning platforms, announced today that its wholly-owned subsidiary, Logility, Inc., signed an agreement for the sale of its Transportation Rating Solutions (‘TRS’) business which consists of on-premise freight shipping solutions for LTL, truckload, and rail shipments within North America to FOG Software Group (‘FOG’), a division of Vela Software.

American Software is divesting TRS to focus on their core supply chain planning business allowing Logility, the operating entity of American Software, to continue to expand their AI-first supply chain management platform. Designed for speed and agility, Logility’s SaaS cloud-based platform provides a unique blend of Generative AI, advanced AI-driven algorithms, machine learning, and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain.

“Supply chain planning is entering a significant transformation with advancements in technology, generational shifts of the workforce, and the significant speed of market changes and disruptions,” said Allan Dow, CEO American Software. “This divestment optimally positions us to concentrate on delivering modern, breakthrough technology to the supply chain industry.”

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers prescriptive demand, inventory, manufacturing, and supply planning tools – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. 

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an independent global value-added reseller distribution network.

Logility is the only supply chain planning platform leveraging Generative AI, advanced AI-driven algorithms, and machine learning. Our engineered approach drives team alignment for over 800 customers in 80 countries with prioritized, value-focused outcomes. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity for American Software, Inc. (NASDAQ: AMSWA). You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the ‘Company’ means American Software, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Subscription Fee Growth of 8% and Adjusted EBITDA Margin was 16% of revenue from Continuing Operations in Q2

ATLANTA (November 16, 2023) American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the second quarter of fiscal year 2024. During the quarter we divested our information technology consulting firm, The Proven Method and its results are included in discontinuing operations.

Key Second Quarter Financial Highlights from Continuing Operations:

  • Subscription fees were $13.4 million for the quarter ended October 31, 2023, an 8% increase compared to $12.3 million for the same period last year. 
  • Total revenues for the quarter ended October 31, 2023 decreased 6% to $25.7 million, compared to $27.3 million for the same period of the prior year, principally due to a decline in services and maintenance fee revenue. 
  • Recurring revenue streams for Maintenance and Cloud Subscriptions were $21.5 million or 84% of total revenues in the quarter ended October 31, 2023 compared to $21.2 million or 78% of total revenues in the same period of the prior year. 
  • Maintenance revenues for the quarter ended October 31, 2023 decreased 8% to $8.1 million compared to $8.8 million for the same period last year. 
  • Professional services and other revenues for the quarter ended October 31, 2023 decreased 26% to $4.0 million for the quarter ended October 31, 2023 compared to $5.4 million for the same period last year. The decline was primarily driven by lower project work and outsourcing of some services to partners. 
  • Software license revenues were $0.2 million for the quarter ended October 31, 2023 compared to $0.7 million in the same period last year. 
  • Operating earnings for the quarter ended October 31, 2023 were $1.2 million compared to $2.6 million for the same period last year. 
  • GAAP net earnings from continuing operations for the quarter ended October 31, 2023 were $0.6 million or $0.02 per fully diluted share compared to $1.9 million or $0.06 per fully diluted share for the same period last year. 
  • Adjusted net earnings from continuing operations for the quarter ended October 31, 2023, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $2.9 million or $0.08 per fully diluted share compared to $3.2 million or $0.09 per fully diluted share for the same period last year. 
  • EBITDA from continuing operations was $2.5 million for the quarter ended October 31, 2023 compared to $3.4 million for the same period last year. 
  • Adjusted EBITDA from continuing operations was $4.1 million for the quarter ended October 31, 2023 compared to $4.7 million for the same period last year. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest (loss)/ income & other, net, income tax expense and non-cash stock-based compensation expense. 

Key Fiscal 2024 Year to Date Financial Highlights from Continuing Operations:

  • Subscription fees were $27.1 million for the six months ended October 31, 2023, a 11% increase compared to $24.4 million for the same period last year, while Software license revenues were $0.5 million compared to $1.0 million for the same period last year. 
  • Total revenues for the six months ended October 31, 2023 decreased 5% to $51.6 million compared to $54.1 million for the same period last year. 
  • Recurring revenue streams for Maintenance and Cloud Services were $43.4 million and $42.1 million or 84% and 78% of total revenues for the six-month periods ended October 31, 2023 and 2022, respectively. 
  • Maintenance revenues for the six months ended October 31, 2023 were $16.3 million, an 8% decrease compared to $17.7 million for the same period last year. 
  • Professional services and other revenues for the six months ended October 31, 2023 decreased 30% to $7.7 million compared to $10.9 million for the same period last year. The decline was primarily driven by lower project work and outsourcing of some services to partners. 
  • For the six months ended October 31, 2023, the Company reported continuing operating earnings of approximately $2.6 million compared to $4.9 million for the same period last year. 
  • GAAP net earnings from continuing operations were approximately $3.2 million or $0.09 per fully diluted share for the six months ended October 31, 2023, a 17% decrease compared to $3.9 million or $0.11 per fully diluted share for the same period last year. 
  • Adjusted net earnings from continuing operations for the six months ended October 31, 2023, which exclude stock-based compensation expense and amortization of acquisition-related intangibles, increased 6% to $6.7 million or $0.19 per fully diluted share, compared to $6.3 million or $0.18 per fully diluted share for the same period last year. 
  • EBITDA from continuing operations decreased by 29% to $4.6 million for the six months ended October 31, 2023 compared to $6.5 million for the same period last year. 
  • Adjusted EBITDA from continuing operations decreased 15% to $7.8 million for the six months ended October 31, 2023 compared to $9.1 million for the six months ended October 31, 2022. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest (loss)/income & other, net, income tax expense and non-cash stock-based compensation. 

Key Second Quarter of Fiscal Year 2024 highlights: 

Customers & Channels

  • Notable new and existing customers placing orders with the Company in the second quarter include: Black Rifle Coffee Company, Ferguson Enterprises, LLC, Hostess Brands, LLC., Johnson Brothers Liquor Company, Peet’s Coffee, Inc., Premier Farnell UK Limited, Reynolds Consumer Products LLC, Sandvick Mining and Construction Tools AB. 
  • During the quarter, SaaS subscription and software license agreements were signed with customers located in the following eight countries: Australia, Belgium, Brazil, France, Sweden, the Netherlands, the United Kingdom and the United States. 

Company and Technology

  • On September 5th, Logility closed the acquisition of Garvis B.V., a visionary SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting. DemandAI+ is the only offering available that combines advanced AI-driven demand planning, demand sensing, and causal forecasting with generative AI in a single solution elevating the planning capabilities across the supply chain. Analysts cite a 20 – 24% improvement in forecast accuracy for clients who adopt DemandAI+. 
  • In September, the Company announced the divestment of its information technology consulting firm, The Proven Method to Marathon TS, Inc., an IT professional services firm. The sale closed on September 18, 2023. 
  • During the quarter the Company implemented a stock buyback program and purchased 430,576 shares at an average price of $11.20 per share. 
  • InventoryAI+, a powerful new offering optimizing inventory with advanced AI and machine learning to enable clients to lower costs while improving service was released. Building on existing capabilities, Inventory AI+ empowers planners to resolve issues in real-time and achieve higher levels of supply chain performance. 
  • In September, two Logility clients, Rebecca Springett of Croda and Rita Fisher of Reynolds, were recognized as winners in Supply & Demand Chain Executive’s 2023 Women in Supply Chain. 

    This award honors female supply chain leaders whose accomplishments, mentorship, and examples set a foundation for women in all levels of a company’s supply chain network. 
  • Logility’s planning solutions and clients were recognized in the following publications::
    • Sourcing Innovation “Logility “Starboard”: The Real-Time What-If Supply Chain Network modeler that Every Sourcing Professional Should Have” 
    • Total Retail: “How Network Optimization Creates Dynamic CPG Supply Chains” 
    • SupplyChainBrain: “Applying AI to Supply Chain Network Design” 

The overall financial condition of the Company remains strong, with cash and investments of approximately $83.9 million. During the second quarter of fiscal year 2024, the Company paid shareholder dividends of approximately $3.8 million. 

“Our company transformation continued in the second quarter with several key events such as the acquisition of AI-native demand forecasting pioneer Garvis, the divestitures of two non-core businesses, information technology consulting firm, The Proven Method and Transportation Rating Solutions and implemented a stock buyback program,” said Allan Dow, CEO and President of American Software. “Supply chain planning is entering a significant transformation with advancements in technology, generational shifts of the workforce, and the significant speed of market charges and disruptions. We have positioned the company to concentrate on delivering modern, breakthrough technology to the supply chain industry. Our guidance for fiscal 2024 has been updated to reflect these transactions.”

Fiscal Year 2024 Financial Outlook from Continuing Operations:

  • Total revenues of $100.0 million to $104.0 million, including total recurring revenues of $85.0 million to $88.0 million. 
  • Adjusted EBITDA of $14.5 million to $16.0 million. 

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility delivers an innovative AI-powered platform that enables enterprises to accelerate their digital supply chain transformation from product concept to client availability via the Logility® Digital Supply Chain Platform, a single platform spanning Product, Demand, Inventory, Supply, Sourcing, Deploy, Corporate Responsibility Environment, Social and Governance (ESG) and Network Optimization aligned with Integrated Business Planning. 

Serving clients such as Big Lots, Bunzl Australasia, Carter’s, Destination XL, Glen Raven, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx and Taylor Farms; our solutions are marketed and sold through a direct sales team as well as an indirect global value-added reseller (“VAR”) distribution network. 

Fueled by supply chain master data, allowing for the automation of critical business processes through the application of artificial intelligence and machine learning algorithms to a variety of internal and external data streams, the comprehensive Logility portfolio delivered in the cloud includes advanced analytics , supply chain visibility, demand, inventory and replenishment planning, Sales and Operations Planning (S&OP), Integrated Business Planning (IBP), supply and inventory optimization, manufacturing planning and scheduling, network design and optimization (NDO), retail merchandise and assortment planning and allocation, product lifecycle management (PLM), sourcing management, vendor quality and compliance, and product traceability. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity for American Software, Inc.. You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.

Operating and Non-GAAP Financial Measures

American Software, Inc. (“the Company”) includes non-GAAP financial measures (EBITDA, adjusted EBITDA, adjusted net earnings and adjusted net earnings per share) in the summary financial information provided with this press release as supplemental information relating to its operating results. This financial information is not in accordance with, or an alternative for, GAAP-compliant financial information and may be different from the operating or non-GAAP financial information used by other companies. The Company believes that this presentation of EBITDA, adjusted EBITDA, adjusted net earnings and adjusted net earnings per share provides useful information to investors regarding certain additional financial and business trends relating to its financial condition and results of operations. EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest (loss)/income & other, net, and income tax expense. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest (loss)/income & other, net, income tax expense and non-cash stock-based compensation expense. 

Forward Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company could experience as well as other information, please refer to the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners. 

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For Consolidated Statements of Operations Information, Non-GAAP Measures of Performance, Consolidated Balance Sheet Information, and Condensed Consolidated Cashflow Information

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Gartner Supply Chain Planning Summit, Phoenix, AZ. – November 16, 2023 – Logility, Inc., a leader in prescriptive supply chain planning solutions, will showcase their latest developments for optimizing supply chain performance at the 2023 Gartner Supply Chain Planning Summit in Phoenix, Arizona on November 29 – 30, 2023.  

During this event, Scott Tillman, Senior Vice President of Innovation at Logility will present “The New Era of AI-Powered Supply Chain Decisions.” The session will detail how AI-first forecasting and inventory optimization are ushering in a new era of supply chain planning at an intense rate of speed. With Logility, companies finally have powerful insights into the impact of changing forecast components like promotions, product introductions, and external demand drivers. Don’t miss this opportunity to learn about how real-time insights backed by Generative AI and Machine Learning are driving better decisions and delivering tangible benefits.

Be sure to also stop by Logility booth #103 to learn more about their newest solutions, including InventoryAI+, designed to improve insights with enhanced AI and a fresh user experience. Predictive analytics empower planners to resolve issues in real-time and achieve higher service levels while maximizing profit. As a comprehensive solution, Logility’s Digital Supply Chain Platform also provides the capability to optimize against detailed scheduling constraints and goals for each manufacturing resource with a plant.

DemandAI+ uses Gen AI to empower planners and executives alike to simply ask questions and gain real-time insights that enable rapid decision-making. “In fact, by replacing SAP APO with Demand AI+, a large coffee client achieved a staggering 50% improvement in forecasting accuracy, demonstrating its transformative potential,” said Tillman. “DemandAI+ is proving to be a gamechanger for demand planning for over 60 new clients since its release.”

Logility is offering personalized demonstrations of its prescriptive solutions at the conference. Click here to schedule a meeting or visit Logility in the exhibition hall at booth #103. For those attending the event, the Logility theatre session will be hosted, Thursday, November 30, 2023 at 1:10PM MST in the Exhibit Showcase Theater.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About Gartner Supply Chain Planning Summit 2023

The Gartner Supply Chain Planning Summit 2023 conference delivers must-have insights, strategies and frameworks for supply chain planning leaders to address their strategic needs within their organizations. For more information visit: https://www.gartner.com/en/conferences/na/supply-chain-planning-us

About Logility

Logility’s Digital Supply Chain Platform helps facilitate optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s (SaaS) cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 800 customers in 80 countries with prioritized outcomes that assure demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com.

ATLANTA – November 6, 2023 – Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers an innovative AI-powered supply chain planning platform that enables resiliency and accelerates digital supply chain transformation, today announced that it will release its Second Quarter Fiscal Year 2024 preliminary financial results after the U.S. financial markets close on Thursday, November 16, 2023.

In conjunction with the release, the company will host a conference call at 5:00 pm ET to discuss its results with the investment community. A live webcast and replay of the call will be accessible via the investor relations page of American Software’s website at www.amsoftware.com/investor-relations.

American Software’s Second Quarter Fiscal Year 2024 Preliminary Financial Results Earnings Call
Date: Thursday, November 16, 2023
Time: 5:00 pm ET
Location: www.amsoftware.com/investor-relations

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers prescriptive demand, inventory, manufacturing, and supply planning tools – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains.

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an independent global value-added reseller distribution network.

Designed for speed and agility, Logility’s (SaaS) cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our engineered approach drives team alignment for over 800 customers in 80 countries with prioritized, value-focused outcomes. For more information about Logility, please visit www.logility.com.  Logility is a wholly-owned subsidiary and operating entity for American Software, Inc. (NASDAQ: AMSWA).  You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.