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AMERICAN SOFTWARE ANNOUNCES FIRST QUARTER 1994 EARNINGS

 ATLANTA, Aug. 23 /PRNewswire/ -- American Software (NASDAQ: AMSWA) announced revenues and net earnings for the quarter ended July 31.
 Revenues for the first quarter of fiscal 1994 were $25,164,000 compared to $27,700,000 in the same period last fiscal year. Net earnings for the first quarter were $1,034,000 compared to $2,099,000 a year ago. Fiscal 1994 first quarter earnings per share were $.05 vs. $.09 per share in the corresponding quarter in fiscal 1993, on 22,566,355 and 23,246,120 weighted average shares outstanding, respectively.
 American Software, headquartered in Atlanta, develops, markets and supports business application software for a wide range of end-users, including manufacturing companies, public utilities, financial institutions, healthcare facilities and distribution concerns. The company's common shares are traded in the national over-the-counter market under the NASDAQ symbol AMSWA.
 AMERICAN SOFTWARE, INC.
 Selected Financial Information
 First quarter ended 7/31/93 7/31/92
 (In thousands)
 Except earnings per share
 Revenues $ 25,164 $ 27,700
 Operating earnings 899 1,866
 Earnings before income taxes 1,404 3,134
 Income taxes 370 1,035
 Net earnings 1,034 2,099
 Earnings per share .05 .09
 Weighted average shares outstanding 22,566 23,246
 -0- 8/23/93
 /CONTACT: Peter Pamplin, controller of American Software, 404-261-4381/
 (AMSWA)


CO: American Software ST: Georgia IN: CPR SU: ERN

RA-BN -- AT001 -- 4901 08/23/93 08:02 EDT
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Publication:PR Newswire
Date:Aug 23, 1993
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