American Software set for best day in 7 yrs on profit beat

Logility Supply Chain Solutions

29/08/2019 18:56

** Shares of management software maker  AMSWA.O  rise as
much as 11.5% to $15.45, hitting nearly one-year high 
    ** Set for its best day in over 7 yrs, if gains hold
    ** ANSWA profit beats est for fourth straight qtr -
Refinitiv data
    ** 41% jump in subscription fees, 54% jump in Cloud Services
ACV lifted Q1 results  urn:newsml:reuters.com:*:nBw2YmXx5a
    ** Stock up ~48% this year, compared with ~27% gain in
Nasdaq computer index  .IXK 

 (Reporting by Abhishek Manikandan and C Nivedita in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))