8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 8, 2022

AMERICAN SOFTWARE, INC.

(Exact Name of Registrant as Specified in Charter)

Commission File Number 000-12456

Georgia	58-1098795
(State or Other Jurisdiction	(I.R.S. Employer
of Incorporation)	Identification No.)

470 East Paces Ferry Road, NE, Atlanta, Georgia 30305

(Address of principal executive offices)

(404) 261-4381

Registrant's telephone number, including area code

Not Applicable

(Former Name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock	AMSWA	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐	Emerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financing accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

ITEM 2.02
RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On June 8, 2022, American Software, Inc. (the “Company”) issued a press release announcing its preliminary financial results for the fourth quarter ended April 30, 2022.  A copy of the press release is furnished as Exhibit 99.1 to this Current Report.

The information in this Current Report (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and shall not be deemed to be "filed" for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any previous or future filings by the Company under the Exchange Act or the Securities Act of 1933, as amended.

Operating and Non-GAAP Financial Measures in the Press Release

The Company includes operating measures (ACV) and other non-GAAP financial measures (EBITDA, adjusted EBITDA, adjusted net earnings and adjusted net earnings per share) in the summary financial information provided with the attached 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 ACV, 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. ACV is a forward-looking operating measure used by management to better understand cloud services (SaaS and other related cloud services) revenue trends within the Company’s business, as it reflects the Company’s current estimate of revenue to be generated under existing customer contracts in the forward 12-month period. 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.

ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

Exhibit
Number	Description
99.1	Press Release of American Software, Inc., June 8, 2022.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 8, 2022	AMERICAN SOFTWARE, INC.
		(Registrant)
		By: /s/  Vincent C. Klinges
		Name: Vincent C. Klinges
		Title: Chief Financial Officer

EX-99.1

Exhibit 99.1

American Software Reports Fourth Quarter and Fiscal Year 2022 Results

Continued Strong Growth in Subscription Fees Fuels Revenue Growth of 21% in Q4 and Record Revenue in Fiscal 2022

ATLANTA--(BUSINESS WIRE)--June 8, 2022--American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the fourth quarter and fiscal year 2022.

Key Fourth Quarter Financial Highlights:

• Subscription fees were $11.1 million for the quarter ended April 30, 2022, a 37% increase compared to $8.1 million for the same period last year, and software license revenues were up 153% to $3.1 million compared to $1.2 million for the same period last year.
• Cloud Services Annual Contract Value (ACV) increased approximately 26% to $48.2 million for the quarter ended April 30, 2022 compared to $38.3 million during the same period of the prior year.
• Total revenues for the quarter ended April 30, 2022 increased 21% to $34.6 million, compared to $28.6 million for the same period of the prior year.
• Recurring revenue streams for Maintenance and Cloud Subscriptions were $19.8 million or 57% of total revenues in the quarter ended April 30, 2022 compared to $17.3 million or 60% in the same period of the prior year.
• Maintenance revenues for the quarter ended April 30, 2022 decreased 5% to $8.8 million compared to $9.2 million for the same period last year.
• Professional services and other revenues for the quarter ended April 30, 2022 increased 16% to $11.7 million compared to $10.1 million for the same period last year. For the Supply Chain business, professional services revenues for the quarter ended April 30, 2022 increased by 11% to $6.0 million when compared to $5.4 million in the same period prior year.
• Operating earnings for the quarter ended April 30, 2022 increased 186% to $5.5 million compared to $1.9 million for the same period last year.
• GAAP net earnings for the quarter ended April 30, 2022 increased 17% to $3.6 million or $0.10 per fully diluted share compared to $3.1 million or $0.09 per fully diluted share for the same period last year.
• Adjusted net earnings for the quarter ended April 30, 2022, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, increased 22% to $4.4 million or $0.13 per fully diluted share compared to $3.6 million or $0.11 per fully diluted share for the same period last year.
• EBITDA increased by 109% to $6.4 million for the quarter ended April 30, 2022 compared to $3.1 million for the same period last year.
• Adjusted EBITDA increased by 101% to $7.5 million for the quarter ended April 30, 2022 compared to $3.7 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 Fourth Quarter of Fiscal Year 2022 highlights:

Customers & Channels

• Notable new and existing customers placing orders with the Company in the fourth quarter include: Ariela & Associates International, Bemis Manufacturing Company, Bondi Sands Australia Pty Ltd., Diversey, Inc., Polar Electro OY, Timex Group USA, Inc., Vista Outdoors, Workwear Outfitters, LLC.
• During the quarter, SaaS subscription and/or software license agreements were signed with customers located in the following 9 countries: Australia, Belgium, Canada, Denmark, France, Mexico, Sweden, United Kingdom and United States.
• Logility, Inc., a wholly owned subsidiary of American Software, Inc., continues to grow its market share in the apparel industry with the addition of Next Level Apparel® and stichd to its customer community.
• Next Level Apparel – one of the leading wholesale producers and sellers of premium quality blank apparel in the United States – implemented the Logility^® Digital Supply Chain Platform to modernize its demand and inventory planning processes.
• stichd, a Netherlands-based product licensing company and division of PUMA, specializes in the design, production and distribution of high-quality bodywear, legwear, swimwear, and fanwear. The company selected Logility to support its ambitious growth strategy.

Key Fiscal 2022 Year to Date Financial Highlights:

• Subscription fees were $42.1 million for the twelve months ended April 30, 2022, a 46% increase compared to $28.9 million for the same period last year, while Software license revenues were $5.4 million compared to $3.0 million for the same period last year.
• Total revenues for the twelve months ended April 30, 2022 increased 14% to $127.6 million compared to $111.4 million for the same period last year.
• Recurring revenue streams for Maintenance and Cloud Services were $78.7 million and $68.8 million or 62% of total revenues for the twelve-month periods ended April 30, 2022 and 2021, respectively.
• Maintenance revenues for the twelve months ended April 30, 2022 were $36.6 million, a 8% decrease compared to $40.0 million for the same period last year.
• Professional services and other revenues for the twelve months ended April 30, 2022 increased 10% to $43.5 million compared to $39.6 million for the same period last year.
• For the twelve months ended April 30, 2022, the Company reported operating earnings of approximately $13.2 million compared to $4.4 million for the same period last year, a 202% increase.
• GAAP net earnings were approximately $12.8 million or $0.37 per fully diluted share for the twelve months ended April 30, 2022, a 58% increase compared to $8.1 million or $0.24 per fully diluted share for the same period last year.
• Adjusted net earnings for the twelve months ended April 30, 2022, which exclude stock-based compensation expense and amortization of acquisition-related intangibles, increased 48% to $16.0 million or $0.47 per fully diluted share, compared to $10.8 million or $0.33 per fully diluted share for the same period last year.
• EBITDA increased by 73% to $17.3 million for the twelve months ended April 30, 2022 compared to $10.0 million for the same period last year.
• Adjusted EBITDA increased 70% to $21.3 million for the twelve months ended April 30, 2022 compared to $12.5 million for the twelve months ended April 30, 2021. 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.

The overall financial condition of the Company remains strong, with cash and investments of approximately $127.5 million, an increase of approximately $22.9 million when compared to April 30, 2021. During the fourth quarter of fiscal year 2022, the Company paid shareholder dividends of approximately $3.7 million.

“With continued strain on the global supply chain, this past year truly underscored the need companies have for more accurate demand forecasting, inventory optimization and resilient sourcing strategies. We continue to answer this call, focusing our efforts on delivering innovative solutions to market challenges and providing our customers with greater visibility into their supply chains from end to end,” said Allan Dow, CEO and President of American Software. “We provided dynamic solution updates to our customer community, driving greater efficiency, cost savings and opportunities to improve sustainability.”

“Our revenue growth accelerated to 21% in the fourth quarter of fiscal year 2022 and our Cloud revenue increased 37% increase when compared to the same period last year. We are excited that our fiscal year 2022 revenue grew 14% when compared to the prior year to a Company record of $127.6 million,” continued Dow. “As our revenue is increasingly being driven by recurring subscription and maintenance revenues, we are pleased to institute annual financial targets for our fiscal year 2023.”

Fiscal Year 2023 Financial Outlook

• Total revenues of $132.5 million to $135.0 million, including total recurring revenues of $86.5 million to $89.0 million.
• Adjusted EBITDA of $16.0 million to $18.0 million based on investments for growth and employee retention.

Company and Technology

• Allan Dow was recognized by Food Logistics as a 2022 Rock Star of the Supply Chain. The annual award program recognizes influential individuals in the industry whose achievements, hard work and vision have shaped the global cold food supply chain.
• Logility also announced its latest software release, which supports elevated planning across the product life cycle, from concept to delivery. Logility 21.03 builds on the platform’s comprehensive supply chain planning capabilities with additional functionality to enable transparency throughout the product life cycle. These enhancements further Logility’s mission to help its customers optimize their supply chains and commit to their sustainability goals.

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entities, delivers an innovative technical platform with AI-powered capabilities for supply chain management and advanced retail planning that is accelerating digital supply chain optimization from product concept to customer availability. Logility, Inc. is helping large enterprise companies transform their supply chain operations to gain a competitive advantage. Recognized for its high-touch approach to customer service, rapid implementations and industry-leading return on investment (ROI), Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. Demand Management, Inc. delivers affordable, easy-to-use supply chain planning solutions designed to increase forecast accuracy, improve customer service and reduce inventory to maximize profits and lower costs. Demand Management serves customers such as Siemens Healthcare, AutomationDirect.com and Newfoundland Labrador Liquor Corporation. Customers of New Generation Computing, Inc. which are now serviced by Logility and Demand Management, include Brooks Brothers, Carter’s, Destination XL, Foot Locker, Jockey International, Lacoste and Spanx. The comprehensive American Software supply chain and retail planning 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, retail merchandise and assortment planning and allocation, product lifecycle management (PLM), sourcing management, vendor quality and compliance, and product traceability. For more information about American Software, please visit www.amsoftware.com, call (626) 657-0013 or email kliu@amsoftware.com.

Operating and Non-GAAP Financial Measures

The Company includes operating measures (ACV) and other 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 ACV, 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. ACV is a forward-looking operating measure used by management to better understand cloud services (SaaS and other related cloud services) revenue trends within the Company’s business, as it reflects the Company’s current estimate of revenue to be generated under existing customer contracts in the forward 12-month period. 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.

AMERICAN SOFTWARE, INC.
Consolidated Statements of Operations Information
(In thousands, except per share data, unaudited)
	Fourth Quarter Ended								Twelve Months Ended
	April 30,								April 30,
	2022			2021			Pct Chg.		2022		2021			Pct Chg.
Revenues:
Subscription fees	$	11,061		$	8,062		37	%	$	42,066	$	28,877		46	%
License fees		3,101			1,226		153	%		5,390		2,993		80	%
Professional services & other		11,725			10,065		16	%		43,476		39,616		10	%
Maintenance		8,762			9,213		(5	%)		36,621		39,922		(8	%)
Total Revenues		34,649			28,566		21	%		127,553		111,408		14	%
Cost of Revenues:
Subscription services		3,324			3,117		7	%		13,383		11,884		13	%
License fees		507			405		25	%		1,104		1,921		(43	%)
Professional services & other		7,807			6,461		21	%		30,306		29,093		4	%
Maintenance		1,456			1,922		(24	%)		6,965		7,530		(8	%)
Total Cost of Revenues		13,094			11,905		10	%		51,758		50,428		3	%
Gross Margin		21,555			16,661		29	%		75,795		60,980		24	%
Operating expenses:
Research and development		4,296			4,306		0	%		17,600		17,584		0	%
Less: capitalized development		-			(16	)	(100	%)		-		(620	)	(100	%)
Sales and marketing		5,633			5,102		10	%		22,867		20,304		13	%
General and administrative		6,116			5,306		15	%		21,960		19,139		15	%
Amortization of acquisition-related intangibles		53			53		0	%		212		212		0	%
Total Operating Expenses		16,098			14,751		9	%		62,639		56,619		11	%
Operating Earnings		5,457			1,910		186	%		13,156		4,361		202	%
Interest (Loss)/Income & Other, Net		(778	)		1,765		nm			681		4,487		(85	%)
Earnings Before Income Taxes		4,679			3,675		27	%		13,837		8,848		56	%
Income Tax Expense		1,098			623		76	%		1,055		759		39	%
Net Earnings	$	3,581		$	3,052		17	%	$	12,782	$	8,089		58	%
Earnings per common share: (1)
Basic	$	0.11		$	0.09		22	%	$	0.38	$	0.25		52	%
Diluted	$	0.10		$	0.09		11	%	$	0.37	$	0.24		54	%
Weighted average number of common shares outstanding:
Basic		33,587			32,788					33,365		32,559
Diluted		34,266			33,685					34,305		33,169
nm- not meaningful

AMERICAN SOFTWARE, INC.
NON-GAAP MEASURES OF PERFORMANCE
(In thousands, except per share data, unaudited)
	Fourth Quarter Ended								Twelve Months Ended
	April 30,								April 30,
	2022			2021			Pct Chg.		2022			2021			Pct Chg.
NON-GAAP Operating Earnings:
Operating Earnings (GAAP Basis)	$	5,457		$	1,910		186	%	$	13,156		$	4,361		202	%
Amortization of acquisition-related intangibles		53			53		0	%		212			772		(73	%)
Stock-based compensation		1,045			645		62	%		3,955			2,546		55	%
NON-GAAP Operating Earnings:		6,555			2,608		151	%		17,323			7,679		126	%
Non-GAAP Operating Earnings, as a % of revenue		19	%		9	%				14	%		7	%
	Fourth Quarter Ended								Twelve Months Ended
	April 30,								April 30,
	2022			2021			Pct Chg.		2022			2021			Pct Chg.
NON-GAAP EBITDA:
Net Earnings (GAAP Basis)	$	3,581		$	3,052		17	%	$	12,782		$	8,089		58	%
Income Tax Expense		1,098			623		76	%		1,055			759		39	%
Interest (Loss)/Income & Other, Net		778			(1,765	)	nm			(681	)		(4,487	)	(85	%)
Amortization of intangibles		768			1,011		(24	%)		3,394			4,987		(32	%)
Depreciation		201			158		27	%		745			623		20	%
EBITDA (earnings before interest, taxes, depreciation and amortization)		6,426			3,079		109	%		17,295			9,971		73	%
Stock-based compensation		1,045			645		62	%		3,955			2,546		55	%
Adjusted EBITDA	$	7,471		$	3,724		101	%	$	21,250		$	12,517		70	%
EBITDA, as a percentage of revenues		19	%		11	%				14	%		9	%
Adjusted EBITDA, as a percentage of revenues		22	%		13	%				17	%		11	%
	Fourth Quarter Ended								Twelve Months Ended
	April 30,								April 30,
	2022			2021			Pct Chg.		2022			2021			Pct Chg.
NON-GAAP EARNINGS PER SHARE:
Net Earnings (GAAP Basis)	$	3,581		$	3,052		17	%	$	12,782		$	8,089		58	%
Amortization of acquisition-related intangibles (2)		39			40		(3	%)		164			631		(74	%)
Stock-based compensation (2)		765			490		56	%		3,053			2,079		47	%
Adjusted Net Earnings	$	4,385		$	3,582		22	%	$	15,999		$	10,799		48	%
Adjusted non-GAAP diluted earnings per  share	$	0.13		$	0.11		18	%	$	0.47		$	0.33		42	%
	Fourth Quarter Ended								Twelve Months Ended
	April 30,								April 30,
	2022			2021			Pct Chg.		2022			2021			Pct Chg.
NON-GAAP Earnings Per Share
Net Earnings (GAAP Basis)	$	0.10		$	0.09		11	%	$	0.37		$	0.24		54	%
Amortization of acquisition-related intangibles (2)		-			-		-			0.01			0.02		(50	%)
Stock-based compensation (2)		0.03			0.02		50	%		0.09			0.07		29	%
Adjusted Net Earnings		0.13		$	0.11		18	%		0.47		$	0.33		42	%
	Fourth Quarter Ended								Twelve Months Ended
	April 30,								April 30,
	2022			2021			Pct Chg.		2022			2021			Pct Chg.
Amortization of acquisition-related intangibles
Cost of license	$	-		$	-		-		$	-		$	560		(100	%)
Operating expenses		53			53		0	%		212			212		0	%
Total amortization of acquisition-related intangibles	$	53		$	53		0	%	$	212		$	772		(73	%)
Stock-based compensation
Cost of revenues	$	58		$	37		57	%	$	246		$	140		76	%
Research and development		107			52		106	%		380			182		109	%
Sales and marketing		145			46		215	%		607			303		100	%
General and administrative		735			510		44	%		2,722			1,921		42	%
Total stock-based compensation	$	1,045		$	645		62	%	$	3,955		$	2,546		55	%
(1) - Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted per share for Class B shares under the two-class method are $0.11 and $0.38 for the three and twelve months ended April 30, 2022, respectively. Diluted per share for Class B shares under the two-class method are $0.09 and $0.25 for the three and twelve months ended April 30, 2021, respectively.
(2) - Tax affected using the effective tax rate excluding a discrete item related to excess tax benefit for stock options for the three and twelve month periods ended April 30, 2022 of 26.8% and 22.8% and 24.0% and 18.3% for the three and twelve month periods ended April 30, 2021, respectively.
nm- not meaningful

AMERICAN SOFTWARE, INC.
Consolidated Balance Sheet Information
(In thousands)
(Unaudited)
	April 30,		April 30,
	2022		2021
Cash and Cash Equivalents	$	110,690	$	88,658
Short-term Investments		16,826		16,006
Accounts Receivable:
Billed		20,619		24,438
Unbilled		2,989		2,201
Total Accounts Receivable, net		23,608		26,639
Prepaids & Other		5,067		5,320
Current Assets		156,191		136,623
PP&E, net		3,654		3,428
Capitalized Software, net		1,586		4,767
Goodwill		25,888		25,888
Other Intangibles, net		147		360
Deferred Sales Commissions - Non-current		2,050		2,474
Lease Right of Use Assets		935		1,454
Other Non-current Assets		2,384		2,163
Total Assets	$	192,835	$	177,157
Accounts Payable	$	2,506	$	1,732
Accrued Compensation and Related costs		6,918		6,129
Dividend Payable		3,700		3,615
Operating Lease Obligation - Current		541		739
Other Current Liabilities		1,871		1,307
Deferred Revenues - Current		41,953		37,142
Current Liabilities		57,489		50,664
Operating Lease Obligation - Non-current		461		821
Deferred Tax Liability - Non-current		1,772		2,627
Other Long-term Liabilities		137		654
Long-term Liabilities		2,370		4,102
Total Liabilities		59,859		54,766
Shareholders' Equity		132,976		122,391
Total Liabilities & Shareholders' Equity	$	192,835	$	177,157

AMERICAN SOFTWARE, INC.
Condensed Consolidated Cashflow Information
(In thousands)
(Unaudited)
	Twelve Months Ended
	April 30,
	2022			2021
Net cash provided by operating activities	$	29,020		$	17,756
Capitalized computer software development costs		-			(620	)
Purchases of property and equipment, net of disposals		(934	)		(678	)
Net cash used in investing activities		(934	)		(1,298	)
Dividends paid		(14,632	)		(14,311	)
Proceeds from exercise of stock options		8,578			6,697
Net cash used in financing activities		(6,054	)		(7,614	)
Net change in cash and cash equivalents		22,032			8,844
Cash and cash equivalents at beginning of period		88,658			79,814
Cash and cash equivalents at end of period	$	110,690		$	88,658

Contacts

Vincent C. Klinges
Chief Financial Officer
American Software, Inc.
(404) 264-5477

XML

Document and Entity Information	Jun. 08, 2022
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jun. 08, 2022
Entity Registrant Name	AMERICAN SOFTWARE, INC.
Entity Incorporation, State or Country Code	GA
Entity File Number	000-12456
Entity Tax Identification Number	58-1098795
Entity Address, Address Line One	470 East Paces Ferry Road, NE
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30305
City Area Code	404
Local Phone Number	261-4381
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000713425
Title of 12(b) Security	Common Stock
Trading Symbol	AMSWA
Security Exchange Name	NASDAQ