Research Desk Line-up: Bazaarvoice Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 18, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on American Software, Inc. (NASDAQ: AMSWA), which can be viewed by registering at http://protraderdaily.com/optin/'symbol=AMSWA, following the Company's release of its first quarter fiscal 2018 financial results on August 28, 2017. The enterprise software provider topped earnings expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
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Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected Bazaarvoice, Inc. (NASDAQ: BV) for due-diligence and potential coverage as the Company reported on September 07, 2017, its financial results for Q1 FY18 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Bazaarvoice when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AMSWA; also brushing on BV. With the links below you can directly download the report of your stock of interest free of charge at:
http://protraderdaily.com/optin/'symbol=AMSWA
http://protraderdaily.com/optin/'symbol=BV
Earnings Reviewed
For the quarter ended July 31, 2017, American Software's total revenues were $26.89 million; a decrease of 2% compared to revenue of $27.43 million in Q1 FY17. The Company's revenue numbers missed analysts' estimates by $0.63 million.
American Software's operating earnings surged 120% to $3.6 million for Q1 FY18 compared to $1.6 million in Q1 FY17. The Company's earnings before interest, tax, depreciation, and amortization (EBITDA) increased 64% to $5.0 million for the reported quarter compared to $3.1 million for the year-earlier same quarter. American Software's adjusted EBITDA advanced 55% to $5.3 million for Q1 FY18 compared to $3.4 million for Q1 FY17.
American Software's GAAP net earnings soared 61% to $2.7 million, or $0.09 per fully diluted share, for Q1 FY18 compared to $1.7 million, or $0.06 per fully diluted share, for Q1 FY17. The Company's adjusted net earnings for the reported quarter, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $3.1 million, or $0.10 per fully diluted share, compared to $2.0 million, or $0.07 per fully diluted share, for the year-ago corresponding period, which also excluded non-cash stock-based compensation expense and amortization of acquisition-related intangibles. American Software's earnings beat Wall Street's expectations of $0.08 per share.
Segment Results
During Q1 FY18, the Company's Software License segment's revenues totaled $4.02 million; a decrease of 13% compared to revenue of $4.63 million in Q1 FY17. American Software's Services and Other segment's revenues were $12.0 million for the reported quarter compared to $12.2 million for the same period of last year. American Software's Maintenance segment's revenues grew 2% to $10.8 million for Q1 FY18 compared to $10.6 million for Q1 FY17.
Cloud Details
American Software's Cloud Services Annual Contract Value (ACV) increased approximately 92% to $7.7 million as of the quarter ended July 31, 2017, compared to $4.0 million as of the same period of the prior year. The Company's ACV consisted of software-as-a-service (SaaS) of $5.4 million; a 155% increase when compared to approximately $2.1 million as of the prior year's same quarter. The ACV also consisted of other cloud services of $2.3 million; a 22% increase compared to $1.9 million as of Q1 FY17. During the reported quarter, the Company signed software license and/or SaaS subscription agreements with customers located in the following 10 countries: Australia, Canada, Finland, Germany, Ireland, Mexico, Netherlands, Sweden, United Kingdom, and United States.
Cash Matters
American Software's overall financial condition remained strong with cash and investments of approximately $90.6 million and no debt as of July 31, 2017. The Company increased cash and investments by $12.6 million from the same period of last year. During Q1 FY18, American Software paid approximately $3.3 million in dividends.
Stock Performance
On Friday, September 15, 2017, the stock closed the trading session at $10.60, declining 1.21% from its previous closing price of $10.73. A total volume of 123.04 thousand shares have exchanged hands, which was higher than the 3-month average volume of 81.99 thousand shares. American Software's stock price rallied 13.73% in the last one month and 3.11% in the past six months. Furthermore, since the start of the year, shares of the Company have gained 2.61%. The stock is trading at a PE ratio of 21.54 and has a dividend yield of 4.15%. The stock currently has a market cap of $318.95 million.
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