American Software (Nasdaq: AMSWA) reported earnings on June 20. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 30 (Q4), American Software missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share dropped. GAAP earnings per share contracted significantly.

Gross margins expanded, operating margins dropped, net margins contracted.

Revenue details
 American Software tallied revenue of $25.2 million. The two analysts polled by S&P Capital IQ looked for revenue of $25.8 million on the same basis. GAAP reported sales were 9.7% lower than the prior-year quarter's $27.9 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 $0.12. The two earnings estimates compiled by S&P Capital IQ forecast $0.09 per share. Non-GAAP EPS of $0.12 for Q4 were 14% lower than the prior-year quarter's $0.14 per share. GAAP EPS of $0.11 for Q4 were 15% lower than the prior-year quarter's $0.13 per share.

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 56.3%, 90 basis points better than the prior-year quarter. Operating margin was 14.0%, 230 basis points worse than the prior-year quarter. Net margin was 12.2%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $26.3 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $109.2 million. The average EPS estimate is $0.43.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 307 members out of 320 rating the stock outperform, and 13 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give American Software a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Software is buy, with an average price target of $12.00.

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