American Software Inc: Hits record high on Q4 profit beat

Logility Supply Chain Solutions

09/06/2021 18:16

** Software company's shares  AMSWA.O  jump 26.2% to $25.66,
hit record high
    ** Company on Tuesday reported Q4 adj profit of $0.11/shr
cents vs est $0.05  urn:newsml:reuters.com:*:nBw487TH7a
    ** Posts Q4 revenue of $28.6 mln vs est $28.7 mln
    ** Q4 cloud services annual contract value, up 45% at $38.3
mln
    ** Current avg recommendation of 3 analysts on stock is
"strong buy"; Median PT $25.50 - Refinitiv data
    ** Stock up 49.4% YTD, including session's moves

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com))