Blog Type: Press Release

AI-native software applications will optimize and automate order allocation and empower organizations to proactively flex their supply chain network.

Atlanta, GA – December 3, 2024 – Logility, a leader in AI-first supply chain management software, today announced two AI-native capabilities that will reimagine the way supply chain execution gets done. The first is Intelligent Order Response, an automated order allocation and optimization software application that uses AI to actively scan for and resolve demand-supply imbalances. The second is the next phase of enhancement for Logility’s Continuous Network Optimization capability, which will be expanded to provide AI-powered recommendations for incremental supply chain network adjustments and automate the realignment of the operating model. Both are scheduled to be generally available in the Spring of 2025.

As the newest addition to the Logility Decision Intelligence Platform, Intelligent Order Response applies an AI-first approach to automate and optimize order fulfillment based on near-term business goals. Eliminating rigid allocation rules and manual processes, it is designed to intelligently allocate available supply of on-hand and incoming inventory to satisfy demand within a defined business window and in accordance with defined business goals. As a result, organizations have an opportunity to optimize business outcomes while also lowering costly expedited logistics fees and supply chain fines, as well as improving customer satisfaction.

“At Logility, we’re committed to revolutionizing supply chain management with cutting-edge, AI-first solutions,” said Allan Dow, President and CEO of Logility. “Intelligent Order Response and the continued enhancement of Continuous Network Optimization reflect this commitment by addressing long-standing challenges in new and innovative ways. Traditional, manual, and subjective processes are giving way to strategies that democratize information, elevate human decision making, and allow organizations to rapidly build competitive advantage. We’re proud to help our clients transition from a “what happened” view of the world to one that focuses on what’s coming.”  

Intelligent Order Response helps organizations overcome supply chain volatility with:

  • Intelligent Matching: Use of AI to automate the alignment of demand with supply and inventory to optimize the achievement of business outcomes.
  • AI-First Allocation Ranking and Resolution: Designed to leverage advanced optimization algorithms for high-speed, accurate outcomes.
  • Accelerated Insights: Empowers decision-makers with conversational UX, guided workflow, and prescriptive decision recommendations.
  • Continuous Monitoring and Optimization: Designed to actively scan for imbalances and suggest corrective actions with alerts and notifications.
  • Flexible Decision Support: Offers prescriptive guidance designed to optimize against varying business objectives with the option for manual overrides.

With Logility’s Continuous Network Optimization capability, companies can optimize their network design and flows as frequently as needed to improve supply chain execution. Serving as an “oil change” light for an organization’s network, the application is designed to continuously monitor network conditions and surface alerts when adjustments are needed to achieve defined business outcomes. Unlike traditional network design initiatives, which often take months or years, Continuous Network Optimization is designed to use AI to proactively and continuously identify incremental changes to optimize results. Users can accept or decline recommendations and use automation capabilities to execute the changes.

Learn more about the Logility Decision Intelligence Platform and its innovative capabilities for supply chain planning and execution at www.logility.com or stop by the Logility Booth 112 at the NA Gartner Supply Chain Planning Summit in Denver, CO, December 3-4, 2024.

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 550 clients in 80 countries, the company is headquartered in Atlanta, GA. Learn more at www.logility.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, Logility Supply Chain Solutions, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Contact:
Press@Logility.com

Atlanta, GA – November 21, 2024 – Logility Supply Chain Solutions, Inc. (Logility) (NASDAQ: LGTY), a leader in AI-first supply chain planning software, today reported its second quarter fiscal year 2025 financial results.

“Subscription revenues continued to grow, up nine percent year over year in the current quarter, even though we faced a number of headwinds as start dates on a couple of projects pushed out and delayed closing of several late-stage deals in our pipeline,” said Allan Dow, President and CEO of Logility. “While we still expect to secure these opportunities in the current fiscal year, we are revising our revenue guidance to reflect the impact of lower professional services revenue. Our prior guidance for recurring revenue and adjusted EBITDA is unchanged as we remain confident in our ability to grow subscription fees and maintain strong margins.”

Fiscal Year 2025 Financial Outlook from Continuing Operations:

  • Total recurring revenues remain unchanged at $87.0 million to $89.0 million, and 
  • Total Adjusted EBITDA remains unchanged at $15.0 million to $16.4 million.
  • Revised guidance for total revenues is $101.0 million to $105.0 million.

Key Second Quarter Financial Highlights from Continuing Operations:

  • Subscription fees were $14.5 million for the quarter ended October 31, 2024, a 9% increase compared to $13.4 million for the same period of the prior year.
  • Recurring revenue streams for Maintenance and Subscriptions were $21.6 million or 85% of total revenues in the quarter ended October 31, 2024 compared to $21.5 million or 84% of total revenues in the same period of the prior year.
  • Total revenues for the quarter ended October 31, 2024 decreased 2% to $25.3 million, compared to $25.7 million for the same period of the prior year, principally due to a decrease in services and maintenance revenue.
  • Maintenance revenues for the quarter ended October 31, 2024 decreased 13% to $7.1 million compared to $8.1 million for the same period last year, as anticipated, partially due to the divestiture of the Transportation group in November, 2023 and client conversions to the cloud.
  • Professional services and other revenues for the quarter ended October 31, 2024 decreased 10% to $3.6 million for the quarter ended October 31, 2024 compared to $4.0 million for the same period last year. The decline was primarily driven by outsourcing of some services to systems integrators and lower project work for internal staff.
  • Software license revenues were $0.1 million for the quarter ended October 31, 2024 compared to $0.2 million in the same period last year, continuing the focus on cloud services sales.
  • Operating earnings for the quarter ended October 31, 2024 decreased 16% to $1.0 million compared to $1.2 million for the same period last year.
  • GAAP net earnings from continuing operations for the quarter ended October 31, 2024 were $1.7 million or $0.05 per fully diluted share compared to $0.6 million or $0.02 per fully diluted share for the same period last year. 
  • Adjusted net earnings from continuing operations for the quarter ended October 31, 2024, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $3.8 million or $0.11 per fully diluted share compared to $2.9 million or $0.08 per fully diluted share for the same period last year.
  • EBITDA from continuing operations was $2.2 million for the quarter ended October 31, 2024 compared to $2.5 million for the same period last year.
  • Adjusted EBITDA from continuing operations decreased 7% to $3.8 million for the quarter ended October 31, 2024 compared to $4.1 million for the same period last year. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation expense.

Key Fiscal 2025 Year to Date Financial Highlights from Continuing Operations:

  • Subscription fees were $29.3 million for the six months ended October 31, 2024, an 8% increase compared to $27.1 million for the same period last year, while Software license revenues were $0.3 million compared to $0.5 million for the same period last year.
  • Recurring revenue streams for Maintenance and Cloud Services were $43.7 million and $43.4 million or 85% and 84% of total revenues for the six-month periods ended October 31, 2024 and 2023, respectively.
  • Total revenues for the six months ended October 31, 2024 were $51.5 million compared to $51.6 million for the same period last year.
  • Maintenance revenues for the six months ended October 31, 2024 were $14.4 million, a 12% decrease compared to $16.3 million for the same period last year partially due to the divestiture of the Transportation group in November, 2023 and client conversions to the cloud.
  • Professional services and other revenues for the six months ended October 31, 2024 decreased 3% to $7.5 million compared to $7.7 million for the same period last year.
  • For the six months ended October 31, 2024, the Company reported continuing operating earnings of approximately $2.9 million compared to $2.6 million for the same period last year.
  • GAAP net earnings from continuing operations were approximately $3.8 million or $0.11 per fully diluted share for the six months ended October 31, 2024, a 17% increase compared to $3.2 million or $0.09 per fully diluted share for the same period last year.
  • Adjusted net earnings from continuing operations for the six months ended October 31, 2024, which exclude stock-based compensation expense and amortization of acquisition-related intangibles, increased 18% to $7.9 million or $0.24 per fully diluted share, compared to $6.7 million or $0.19 per fully diluted share for the same period last year.
  • EBITDA from continuing operations increased by 13% to $5.2 million for the six months ended October 31, 2024 compared to $4.6 million for the same period last year.
  • Adjusted EBITDA from continuing operations increased 9% to $8.4 million for the six months ended October 31, 2024 compared to $7.8 million for the six months ended October 31, 2023. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation.

During Q2’25, the company completed the reclassification (the “Reclassification”) of the Company’s common stock to eliminate its Class B Common Stock. Under the terms of the Reclassification Agreement, each outstanding share of the Company’s Class B Common Stock was exchanged for 1.2 shares of the Company’s Class A Common Stock. In connection with the Reclassification, the Company issued 2,185,904 shares of Class A Common Stock to James C. Edenfield, the beneficial owner of all of the issued and outstanding shares of the Class B Shares (the “Class B Shareholder”), pursuant to that certain Reclassification Agreement, dated April 10, 2024 by and between the Company and the Class B Shareholder. In accordance with ASC 260, Earnings Per Share, net (loss) earnings per share attributable to common stockholders was reduced by the excess of the fair value of the common shares issued over the carrying amount of the Class B shares surrendered which amounted to $3.8 million or $0.11 per share in the current quarter.

The overall financial condition of the Company remains strong, with cash and investments of approximately $84.2 million. During the second quarter of fiscal year 2025, the Company paid shareholder dividends of approximately $3.7 million.

Key Second Quarter of Fiscal Year 2025 highlights:

Clients & Channels

  • Notable customers placing orders with the Company in the second quarter include:

J.D. Irving Limited, Kontoor Brands, Inc., Orbis Corporation, and Ralph Lauren

  • During the quarter, SaaS subscription and software license agreements were signed with customers located in Canada and the United States.

Company & Technology 

  • On October 1, 2024, American Software, Inc. announced its rebranding to Logility Supply Chain Solutions, Inc., aligning the company’s name with its globally recognized brand. This strategic move underscores Logility’s commitment to delivering AI-first supply chain planning software, and the change was marked by an update of its NASDAQ ticker symbol from AMSWA to LGTY, further strengthening its market presence.
  • The inaugural LogiCon24 Virtual Summit, held on September 24, 2024, brought together industry leaders and supply chain professionals to discuss the future of supply chains under the theme “Reimagine Supply Chain.” This exclusive virtual event featured insights into AI-driven supply chain planning and strategies for navigating complex global challenges, reinforcing Logility’s position as an industry thought leader. 
  • In the past quarter, Logility has achieved significant milestones and received extensive media recognition for its innovative advancements in AI-first supply chain solutions, empowering organizations to unlock data-driven insights, improve operational efficiency, and enhance supply chain resilience. Media outlets such as Supply Chain Digital, Supply Chain Management Review, and Supply Chain Brain featured Logility’s expertise in leveraging artificial intelligence to enhance supply chain efficiency and readiness. In August, Supply Chain Digital recognized Logility as a key player in global supply and demand planning, with Allan Dow, President and CEO, as the featured SME. Supply Chain Management Review published an interview with Steve Johanson, SVP, Network Optimization Industry Principal, highlighting Logility’s role in driving digital transformation within the supply chain sector. In September, Supply Chain Brain featured Dow discussing the readiness of supply chain and logistics management for AI-driven advancements.
  • As businesses increasingly prioritize sustainability, Logility’s collaboration with Worldly to enhance ESG supply chain transparency received coverage in publications like Total Retail and Supply & Demand Chain Executive, with Roger Mayerson, Senior Vice President, Industry Principal of Apparel and Soft Goods, as the featured industry expert. These articles emphasized the importance of visibility, transparency, and compliance in modern supply chains, underscoring Logility’s commitment to fostering sustainable practices across complex global networks.
  • Additional media recognition in Beverage Wholesaler and Rethink Retail showcased Logility’s innovative approaches to AI and vendor management. Lisa Henriott, Senior Vice President of Product Marketing, provided insights into AI trends within the beverage industry for Beverage Wholesaler, while Mayerson discussed vendor management and sustainability strategies in Rethink Retail. These articles reinforced Logility’s position as a leader in AI-first, resilient supply chains designed to meet today’s dynamic market demands.
  • Furthermore, Scott Tillman, SVP Agile Practice & Process Improvement shared Logility’s success story with AI integration on the Daily Tech Talks Podcast in May, illustrating how the Logility Digital Supply Chain Platform leverages AI to recognize patterns, improve forecast accuracy, and help clients reduce inventory. Kevin McInturff, Chief Technology Officer, was featured in Yahoo! Finance in April, discussing Logility’s launch of the Decision Command Center to mitigate supply chain risks and transform network optimization.

Conference Call

Logility will host a conference call to discuss its second quarter fiscal 2025 results and financial outlook today, November 21, 2024 at 5:00pm ET.

Webcast: https://events.q4inc.com/attendee/584175710

A replay of the call will also be accessible via the investor relations page of Logility’s website at www.logility.com/company/investor-relations/financial-news.

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 550 clients in 80 countries, the company is headquartered in Atlanta, GA. Learn more at www.logility.com.

Operating and Non-GAAP Financial Measures

Logility (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 income & other, net, and income tax expense. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest 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.

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

Contact:
Kevin Liu

kliu@logility.com

(626) 424-1535

Atlanta, GA – November 20, 2024 – Logility Supply Chain Solutions, Inc. (Logility) (NASDAQ: LGTY), a leader in AI-first supply chain planning software, today declared a quarterly dividend of $.11 per share. The dividend is payable to the Company’s Common Shareholders of record at the close of business on February 7, 2025, to be paid on or about February 21, 2025.

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 550 clients in 80 countries, the company is headquartered in Atlanta, GA. Learn more at www.logility.com.

Contact:

Kevin Liu
kliu@logility.com
(626) 424-1535

Atlanta, GA – November 11, 2024 – Logility Supply Chain Solutions, Inc. (Logility) (NASDAQ: LGTY), a leader in AI-first supply chain planning software, today announced that it will release its second quarter fiscal year 2025 financial results after the U.S. financial markets close on Thursday, November 21, 2024.

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.

Logility Second Quarter Fiscal Year 2025 Earnings Call

Date: Thursday, November 21, 2024
Time: 5:00 pm ET
Webcast: https://events.q4inc.com/attendee/584175710

A live webcast and replay of the call will also be accessible via the investor relations page of Logility’s website at www.logility.com/company/investor-relations/financial-news.

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 600 clients in 80 countries, the company is headquartered in Atlanta, GA. Learn more at www.logility.com.

Contact:


Kevin Liu

kliu@logility.com

(626) 424-1535

94% of customers are willing to recommend Logility for supply chain planning solutions

Atlanta, GA – October 28, 2024 – Logility, a leader in AI-first supply chain planning software, has scored 4.8/5 stars based on 36 reviews and the highest willingness to recommend score of 94% in the 2024 Gartner Peer Insights Voice of the Customer for Supply Chain Planning Solutions report1. We believe this recognition reinforces Logility’s leadership in product innovation, customer satisfaction, and support.

We think Logility’s 94% willingness to recommend score reflects the high level of customer confidence and trust in the company’s solutions and services. Logility customer reviews include:

  • “Strong technology that is constantly being improved backed by a fabulous support team that knows supply chain. ” – SVP of Operations, Manufacturing
  • “Logility has changed the way we operate our organization. The tool allowed our organization to stand up a true S&OP cycle that we use to manage our business.” – Director of Supply Chain, Consumer Goods
  • “Not only has the platform been consistently reliable, it is easy to configure and use. The implementation team and the after-sales support team have all provided a quality service” – IT Business Partner, Retail

“At Logility, we deliver innovative AI-first supply chain planning solutions that empower industry leaders to manage their supply chains with precision and agility,” said Allan Dow, President and CEO of Logility. “We hold the view that the Gartner Peer Insights Voice of the Customer for Supply Chain Planning results are a testament to the tireless efforts of our team to continuously deliver high value.”

Earlier this year, Logility was also positioned  as a Leader in the 2024 Gartner Magic Quadrant™ for Supply Chain Planning Solutions2. Logility attributes this position to leveraging narrow AI, generative AI, and predictive analytics to enable organizations to proactively anticipate demand fluctuations, optimize inventory levels, and enhance overall supply chain resilience. The Logility Decision Intelligence Platform provides clients supply chain agility, accuracy, and adaptability in an evolving competitive landscape.

With over 40 years of experience, Logility is an industry leader in AI-first supply chain planning and management. Trusted by some of the world’s largest brands, Logility continues to set new standards for operational efficiency, business resilience, and customer success in the global supply chain industry.

1Gartner, Voice of the Customer for Supply Chain Planning Solutions, Peer Contributors, 14 October 2024

2Gartner, Magic Quadrant for Supply Chain Planning Solutions, Pia Orup Lund, Tim Payne, Joe Graham, Caleb Thomson, Jan Snoeckx, 23 April 2024

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Gartner and Peer Insights are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 600 clients in 80 countries, the company is headquartered in Atlanta, GA.

Atlanta, GA – October 7, 2024 – Quadrant Knowledge Solutions announced today that it has named Logility as the 2024 leader in the SPARK Matrix™ analysis of the Global Supply Chain Inventory Optimization market.

The Quadrant Knowledge Solutions SPARK Matrix™: Global Supply Chain Inventory Optimization Q3, 2024, includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Global Supply Chain Inventory Optimization vendors in the form of its SPARK Matrix™. It provides users with strategic information to evaluate vendor capabilities, competitive differentiation, and market position. 

According to Dharun R, Analyst at Quadrant Knowledge Solutions, “Logility’s inventory optimization solutions stand out in the market due to their advanced capabilities in Gen AI for strategic inventory planning. By offering multi-echelon inventory optimization and automated safety stock maintenance, Logility enables organizations to efficiently manage inventory across complex supply chains. The platform’s probabilistic inventory planning and what-if scenario analysis empowers businesses to enhance operational efficiency and make data-driven decisions. These features position Logility as a leader in delivering innovative and comprehensive solutions that address the evolving needs of global supply chains.” 

According to Pruthvi Raj V, Senior Analyst at Quadrant Knowledge Solutions, “Logility’s supply chain planning & execution convergence, strong partner ecosystem, a compelling vision & roadmap, industry-specific capabilities, particularly in manufacturing, food and beverage, consumer goods and life sciences industries has positioned the company as a leader in the Global Supply Chain Inventory Optimization market.”

“Logility is proud to be recognized as a Leader in the 2024 Quadrant Knowledge Solutions SPARK Matrix™. By harnessing the power of narrow AI, generative AI, and predictive analytics we enable organizations to proactively optimize inventory levels, anticipate demand fluctuations, and strengthen overall supply chain health, said Scott Tillman, VP of Innovation at Logility. “Logility’s AI-first approach goes beyond simple safety stock calculations, and fixed lead times, to analyze inventory performance against plan and provides immediate insights into more profitable inventory positions. Clients apply our intelligent scoring to focus attention on the most important opportunities – ultimately reducing bloated inventories while increasing service levels and avoiding stockouts.”

Quadrant Knowledge Solutions defines a Global Supply Chain Inventory Optimization as “the strategic process of maintaining an ideal amount of inventory and keeping the right balance between capital investment and service-level goals, across multiple Stock Keeping Units (SKUs). The aim is to minimize the inventory holding cost while fulfilling customer demand. Inventory Optimization leverages historical data, advanced analytics, and generative AI to ensure optimum stock levels at the right time. It also takes into consideration the volatility, risks, and probable disruptions in the supply chain and reduces unnecessary costs, stockouts, and overstocking while optimizing stock levels”

SPARK Matrix: Global Supply Chain Inventory Optimization, Q3 2024

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, visit: https://quadrant-solutions.com/market-research/  

Media Contact:
Ajinkya Ingle
Quadrant Knowledge Solutions
Email: ajinkya@quadrant-solutions.com 

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 600 clients in 80 countries, the company is headquartered in Atlanta, GA. Learn more at www.logility.com.

Media Contact:
press@logility.com

Atlanta, GA – October 01, 2024 – American Software, Inc., a leader in AI-first supply chain planning software, is changing its name to Logility Supply Chain Solutions, Inc. (Logility) to align its name with its brand, which is recognized in the industry and around the world. On October 2, the company’s NASDAQ ticker symbol will also change from AMSWA to LGTY, aligning with the new name.

As part of this evolution, the company’s shareholders approved a reclassification of its dual-class share structure on August 20, 2024 from a dual-class capital structure to a single Class A common stock. This move is a response to feedback from shareholders and proxy advisory firms and is expected to attract a wider range of investors. 

“As we continue to innovate and lead in AI-first supply chain solutions, we are excited to align the company name with the brand for which we are globally recognized,” said Allan Dow, President and CEO of Logility. 

This strategic shift is part of a larger initiative aligned with the company’s continued focus on its core competencies. Following the divestiture of non-core assets and the recent acquisitions of AI-powered demand forecasting and network optimization capabilities, Logility is a SaaS leader in supply chain planning and management solutions.

With decades of global supply chain management expertise and experience, Logility is a trusted leader focused on leveraging its history of pioneering supply chain advancements to advance an AI-first strategy that is transforming both the company and the industry. Logility is reimagining the future of supply chain management with a vision that further positions the company as a leader in next-generation technologies but also allows customers to navigate complex global challenges with unprecedented accuracy and efficiency.

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform supply chain from a cost center to an engine for growth. With over 600 clients in 80 countries, the company is headquartered in Atlanta, GA. Learn more at www.logility.com.

Contact:
Press@Logility.com

With the theme “Reimagine Supply Chain,” the Summit will engage Logility clients and supply chain professionals looking to innovate and optimize their operations to reimagine the way supply chain gets done.

Atlanta, GA –  September 19, 2024 – Logility Inc., a leader in AI-first supply chain planning software, today announced the first-ever LogiCon24 Virtual Summit, a half-day Logility client and supply chain professional conference on September 24, 2024, from 10:00 am – 2:30 pm ET.

Under the theme “Reimagine Supply Chain,” the complimentary, interactive virtual experience offers attendees an opportunity to hear from industry experts, network with peers and Logility leadership, share ideas, and find new solutions to persistent supply chain problems. 

LogiCon24 features a keynote address from Logility’s CEO Allan Dow, who shares his 30+ year industry perspective on what leaders need to consider now to thrive in the future. Additional keynote speakers include futurist and author Simon Anderson, former NSA senior executive Rachel Wilson, Logility CTO Kevin McInturff; Angie Taylor, VP Sales Operations for PPC Flex; Jim Kilpatrick, Global Supply Chain & Network Operations, Deloitte. 

Attendees will see how generative AI and other innovative technologies are enabling leaders to solve old challenges in new ways, hear directly from thought leaders discussing supply chain, cybersecurity, what the future holds, and learn how Logility is innovating and partnering with supply chain leaders to turn uncertainty into opportunity.

“The challenges facing supply chain professionals today are more significant with greater impact and frequency than ever before. While these core issues haven’t changed, the way we address them must evolve,” said Allan Dow, CEO of Logility. “What made supply chain professionals successful in the past won’t make us successful in the future. The LogiCon24 Virtual Summit offers insights that will allow organizations to move from what happened to what’s coming, giving attendees the knowledge they need to reimagine their supply chain operations right now.” 

Key topics include: 

  • GenAI in the real world – How to transition planning processes from “what happened” to “what’s coming.” 
  • Optimizing Logility – What’s new, what’s on the roadmap, and how to get the most from your solutions
  • Elevating to Cloud – Pros, cons, and expert advice on when and how to move
  • The cybersecurity supply chain conundrum – The risk is real…and growing. What to know, what to do.

The virtual format will include interactive Q&A sessions and networking lounges powered by On24 to facilitate peer-to-peer connections.

In addition to keynote presentations, attendees can attend breakout sessions featuring 12 speakers discussing topics critical to supply chain success, including Getting Started with Generative AI, Demand Sensing with Life Sciences, Solutions for Breaking Down Information Silos, Cloud Innovation, and Mastering Stochastic Planning: Optimizing Inventory Amid Intermittent Demand, as well as tips and tactics for supply chain success. 

“There are still as many questions about the future of supply chain management as there are answers. However, one thing is clear – those who embrace advanced technology and the use of real-time insights will have the opportunity to build competitive gaps that will be impossible to close for those who do not,” said Kevin McInturff, CTO at Logility. “The LogiCon24 sessions will demonstrate how the latest tools and technologies can be practically applied to enhance planning, improve visibility, and boost overall supply chain performance.”

About Logility

Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform the supply chain from a cost center to an engine for growth. With over 550 clients in 80 countries, the company is headquartered in Atlanta, GA. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA)

Logility Congratulates Sinziana Manitiu Wållgren of Husqvarna

ATLANTA – September 17, 2024 – Logility, Inc., a leader in AI-first supply chain planning software, announced that Sinziana Manitiu Wållgren¸ Director of Operational Excellence and Strategy at Husqvarna has been named a recipient of the Rising Star category within the Supply & Demand Chain Executive’s 2024 Women in Supply Chain Award.

This award honors female supply chain leaders and executives whose accomplishments, mentorship, and examples set a foundation for women in all levels of a company’s supply chain network. The Rising Star category recognizes young or newer professionals (39 and under) whose achievements, hard work, and vision have shaped the supply chain industry.

Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, and Supply & Demand Chain Executive, the only publication covering the entire global supply chain, named Wållgren as one of the winners of this year’s Women in Supply Chain Award.

Wållgren exemplifies what it takes to be a rising star within the women in supply chain award. She has lived and worked in five countries, assuming leadership roles in both small companies and large corporations. She has navigated multiple organizational restructurings, built and mentored teams, and continually learned and re-learned about supply chain dynamics. Remarkably, she has thrived and fearlessly pushed her own limits during some of the most challenging periods in supply chain history—all before the age of 38.

Wållgren’s goals are ambitious and well-aligned with Husqvarna’s growth objectives. Leveraging her deep understanding of the current supply chain landscape and available resources, she has crafted a strategic path forward. Her focus includes effectively communicating and implementing the supply chain strategy, ensuring it is integral to Husqvarna Group’s overall strategy, and highlighting its role as a competitive advantage. She emphasizes the importance of digitalization, sustainability, and collaboration across industries to build a trusted network. Additionally, Wållgren is committed to enhancing visibility across the organization, developing team skills to meet new demands, and fostering a comprehensive planning mindset to optimize operations and financial outcomes.

“Women are reshaping the landscape of supply chain management with their unparalleled contributions, igniting growth and fostering innovation across the industry. Their presence not only enriches the workforce but also brings a myriad of perspectives essential for tackling intricate challenges and refining global operations,” said Sarah Barnes-Humphrey, founder of Let’s Talk Supply Chain podcast and Blended Pledge, both sponsors of the Women in Supply Chain award.

Wållgren is an advocate for expanded diversity within the profession. She shared, “Diversity or lack of diversity is scary. There should be more women, there should be more expats, more empathic people, higher emotional intelligence, more cultural exposure, and more diverse capabilities. I am humbled to receive the Women in Supply Chain award that is supporting the growth and awareness of women making big changes in our industry.”

From Wållgren’s perspective, while it is also important to note that we should continue to support and talk about women, it’s really about diversity. “Diversity is about being open to different voices, experiences, skills. It’s people with different personal interests and strengths talking openly about the same subjects. Diversity means we will complement each other and come to better conclusions,” Wållgren explains.

“We congratulate Sinziana, who is recognized as a rising star and leader in the supply chain industry and has contributed to significant advancement within Husqvarna,” said Allan Dow, president and CEO, Logility. “This award celebrates the important contributions she is making to the supply chain industry, and we are proud to work closely with companies that promote and support women in strategic leadership roles.”

Go to https://sdce.me/ikoib3ei to view the full list of winners. Recipients will be honored at this year’s Women in Supply Chain Forum, set to take place Nov. 12-13, 2024 in Atlanta. Go to www.WomenInSupplyChainForum.com to register and learn more.

About Food Logistics and Supply & Demand Chain Executive
Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Food Logistics and Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum. Go to www.FoodLogistics.com and www.SDCExec.

About IRONMARKETS
IRONMARKETS, formerly known as AC Business Media, is a leading business-to-business media and buyer engagement platform with a portfolio of renowned brands in heavy construction, asphalt, concrete, paving, rental, sustainability, landscape, manufacturing, logistics, and supply chain markets. IRONMARKETS delivers relevant, cutting-edge content to its audiences through its industry-leading digital properties, trade shows, conferences, videos, magazines, webinars, and newsletters. It also provides advertisers the analytics, data, and ability to reach their target audience. Learn more at https://www.iron.markets.

Husqvarna Group
Founded in 1689, Husqvarna Group has evolved into a global leader in manufacturing innovative products and solutions for managing forests, parks, and gardens. Our diverse product range includes robotic lawnmowers, chainsaws, trimmers, riding lawnmowers, and watering solutions. Husqvarna Group is also a leader in equipment and diamond tools for the light construction industry and diamond tools for the natural stone industry. Operating mainly under the global brands of Husqvarna and Gardena, our products and solutions reach consumers and professional users through direct sales, dealers, and retailers across more than 100 countries. Net sales in 2023 amounted to SEK 53.3 billion and the Group has approximately 13,800 employees in 40 countries. The headquarter is in Stockholm, Sweden and the company is listed on Nasdaq Stockholm. https://www.husqvarnagroup.com/en

About Logility
Logility is a market-leading provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform the supply chain from a cost center to an engine for growth. With over 550 clients in 80 countries, the company is headquartered in Atlanta, GA. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA).

Contact:

Press@Logility.com

  Subscription Fee Growth of 7% and Adjusted EBITDA Margin of 18% in Q1

ATLANTA (August 22, 2024) 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 $89.0 million.

  • Adjusted EBITDA of $15.0 million to $16.4 million.

Key First Quarter Financial Highlights from Continuing Operations:

  • Subscription fees were $14.8 million for the quarter ended July 31, 2024, a 7% increase compared to $13.8 million for the same period last year.
  • Total revenues for the quarter ended July 31, 2024 increased 1% to $26.2 million, compared to $25.9 million for the same period of the prior year, principally due to an increase in subscription and services revenue.
  • Recurring revenue streams for Maintenance and Subscriptions were $22.1 million or 84% of total revenues in the quarter ended July 31, 2024 compared to $21.9 million or 85% of total revenues in the same period of the prior year.
  • Maintenance revenues for the quarter ended July 31, 2024 decreased 11% to $7.3 million compared to $8.2 million for the same period last year partially due to the divestiture of the Transportation group in November, 2023 and client conversions to the cloud.
  • Professional services and other revenues for the quarter ended July 31, 2024 increased 5% to $3.9 million for the quarter ended July 31, 2024 compared to $3.7 million for the same period last year. The increase was primarily driven by higher seasonal project work.
  • Software license revenues were $0.2 million for the quarter ended July 31, 2024 compared to $0.3 million in the same period last year, continuing the focus on cloud services sales.
  • Operating earnings for the quarter ended July 31, 2024 increased 32% to $1.8 million compared to $1.4 million for the same period last year.
  • GAAP net earnings from continuing operations for the quarter ended July 31, 2024 were $2.1 million or $0.06 per fully diluted share compared to $2.6 million or $0.08 per fully diluted share for the same period last year. 
  • Adjusted net earnings from continuing operations for the quarter ended July 31, 2024, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $4.1 million or $0.12 per fully diluted share compared to $4.0 million or $0.12 per fully diluted share for the same period last year.
  • EBITDA from continuing operations was $3.0 million for the quarter ended July 31, 2024 compared to $2.1 million for the same period last year.
  • Adjusted EBITDA from continuing operations increased 26% to $4.6 million for the quarter ended July 31, 2024 compared to $3.7 million for the same period last year. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation expense.

The overall financial condition of the Company remains strong, with cash and investments of approximately $92.0 million. During the first quarter of fiscal year 2025, the Company paid shareholder dividends of approximately $3.7 million.

Key First Quarter of Fiscal Year 2024 highlights:

Clients & Channels

  • Notable new and existing customers placing orders with the Company in the first quarter include:

Bob’s Discount Furniture, Inc., Carl Zeiss AG, Kingfisher Information Technology Services (UK) Ltd., NFI Interactive Logistics, LLC, Roland Foods LLC and Walter Surface Technologies, Inc.

  • During the quarter, SaaS subscription and software license agreements were signed with customers located in the following countries: Canada, Germany, Mexico  and the United States.

Company & Technology

  • In May, Logility, the operating subsidiary of American Software, Inc., launched additional cutting-edge generative AI capabilities continuing to expand its generative AI (GenAI) capabilities across the Logility® Digital Supply Chain Platform, to empower organizations with the tools they need to unlock their data and make their supply chains more efficient, resilient, and competitive. In collaboration with Deloitte Canada, Logility is addressing specific supply chain planning challenges in demand, supply, inventory, and order fulfillment to accelerate the expansion of these capabilities. Logility’s AI-first approach to supply chain planning with GenAI is tailor-made to help meet the demands and needs of the industry, empowering leaders to use technology designed to make timely, data-driven decisions in a highly competitive marketplace. 
  •  Reynolds Consumer Products, a Logility client, delivered a popular session at the Gartner Supply Chain Symposium in Orlando entitled “Beyond S&OP – The Journey to Integrated S&OE at Reynolds Consumer Products.” With Logility’s integrated solutions, Reynolds achieved remarkable outcomes such as a 20% improvement in forecast accuracy and drastically reduced inventory and freight costs.  
  • Gartner recognized Logility as a Leader in the 2024 Gartner Magic Quadrant for Supply Chain Planning Solutions during Gartner’s premier supply chain management conference. This recognition was based on the company’s vision and execution capabilities highlighting the AI-driven approach to boosting agility and precision in supply chain management.  
  • Worldly, a sustainability insights and data platform, and Logility announced their collaboration in June, to support compliant digital supply chains. Logility leverages Worldly’s comprehensive source of Environmental, Social, and Governance (ESG) data used by over 40,000 brands, retailers, and manufacturers to inform its innovative vendor management, traceability, and corporate responsibility applications. Driven by consumer demand, regulation, and corporate ESG initiatives, organizations increasingly require transparency across their global supply chains. Joint clients of Logility and Worldly manage over 3,500 tier one suppliers and over 10,000 tier two, tier three and tier four suppliers around the globe. 
  • Logility was featured in a TechTalk entitled “Revolutionizing Supply Chains: Inside Logility’s AI Success Story,” also in June. In this episode, Scott Tillman, Senior Vice President of Innovation at Logility, explained the company’s groundbreaking approach to integrating artificial intelligence into supply chain operations. He further detailed how Logility’s digital supply chain platform leverages AI to recognize patterns and improve forecast accuracy, helping clients reduce inventory by 20% and unlock significant working capital. 
  • Logility announced LogiCon24. On September 24, 2024 this exclusive virtual event will bring together industry leaders, futurists, and peers to discuss the future of supply chains. It’s a great opportunity to gain insights, network, and stay ahead of the curve. Sign up at https://hubs.la/Q02KRJTC0
  1. During the second quarter of fiscal year 2024, we divested our non-core information technology staffing firm, The Proven Method and its results are included in discontinuing operations.

About American Software, Inc. 

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

 Logility is a market-leading provider of AI-first supply chain management software engineered to help organizations build sustainable digital supply chains that improve people’s lives and the world we live in. The company’s approach is designed to reimagine supply chain planning by shifting away from traditional “what happened” processes to an AI-driven strategy that combines the power of humans and machines to predict and be ready for what’s coming. Logility’s fully integrated, end-to-end platform helps clients know faster, turn uncertainty into opportunity, and transform the supply chain from a cost center to an engine for growth. 
 
With over 550 clients in 80 countries, Logility is proud to work with some of the world’s leading brands, such as Reynolds Consumer Products, Denso, Sandvik, and Ansell. The company is headquartered in Atlanta, GA. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at www.logility.com. You can learn more about American Software at www.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 income & other, net, and income tax expense. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest 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., (404) 364-7615 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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