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AMERICAN SOFTWARE ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS

 ATLANTA, Nov. 12 /PRNewswire/ -- American Software, Inc. (NASDAQ-NMS: AMSWA) announced today preliminary financial results for the second fiscal quarter ended Oct. 31.
 The company estimates a net loss for the quarter in the range of $.10 to $.15 per share. Earnings per share for the corresponding quarter in fiscal year 1993 and the first quarter of fiscal 1994 were both $.05.
 The difference was due primarily to international operations. There was a substantial decrease in international license fee revenues compared to the first fiscal quarter of 1994 and an increase in expenses due to an increase in the provision for doubtful accounts against international receivables.
 American Software begins the last half of fiscal 1994 in a strong financial condition. Cash and investments are greater than $43 million. Total assets are over $120 million and working capital is in excess of $50 million. Stockholders' equity is greater than $90 million and the company has no long term debt.
 American Software, headquartered in Atlanta, develops, markets and supports business application software for a wide range of end-users, including financial institutions, healthcare facilities and distribution concerns. The company's Class A Common Shares are listed on the NASDAQ stock market-National Market under the symbol AMSWA.
 -0- 11/12/93
 /CONTACT: Peter W. Pamplin, controller, American Software, 404-261-4381/
 (AMSWA)


CO: American Software, Inc. ST: Georgia IN: CPR SU: ERP

RA-BN -- AT008 -- 3919 11/12/93 17:29 EST
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Publication:PR Newswire
Date:Nov 12, 1993
Words:233
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