AMSWA - American Software soars following Q4 results

American Software (AMSWA) is up sharply after beating FQ4 EPS estimates in spite of a slight revenue miss.The Company reported Q4 Non-GAAP EPS of $0.11, $0.05 better than the $0.06 estimate; revenue decreased 2.5% Y/Y to $28.6 million vs. the $28.7 million consensus.Q4 recurring revenue streams for Maintenance and Cloud Subscriptions were 60% of total revenues, compared to 57% in the same period of the prior year.Subscription fees rose 28% Y/Y to $6.43M, and software license fee revenues were up 15% to $1.2M.Cloud Services Annual Contract Value increased approximately 45% to $38.3 million.Adjusted EBITDA decreased by 4% to $3.7 million for the quarter.Cash and investments of approximately $104.7 million, an increase of approximately $10.0 million when compared to April 30, 2020, and no debt as of April 30, 2021.Allan Dow, CEO and president: "Our performance reflects increasing adoption of cloud-based supply chain transformation solutions and our backlog as measured by our

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American Software soars following Q4 results