American Software (Nasdaq: AMSWA) reported earnings on Aug. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended July 31 (Q1), American Software met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share was unchanged.

Margins contracted across the board.

Revenue details
American Software reported revenue of $25.9 million. The two analysts polled by S&P Capital IQ expected sales of $26.1 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $23.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.10. The two earnings estimates compiled by S&P Capital IQ averaged $0.10 per share. GAAP EPS of $0.09 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 54.1%, 150 basis points worse than the prior-year quarter. Operating margin was 14.4%, 80 basis points worse than the prior-year quarter. Net margin was 9.3%, 40 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $28.5 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $116.0 million. The average EPS estimate is $0.54.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Software is buy, with an average price target of $12.75.

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