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AMERICAN SOFTWARE ANNOUNCES FISCAL 1993 EARNINGS

 ATLANTA, June 3 /PRNewswire/ -- American Software (NASDAQ-NMS: AMSWA) announced revenues and net earnings for the fiscal year ended April 30.
 Revenues for the fourth quarter of fiscal 1993 were $25,701,000 compared to $28,032,000 the same period last fiscal year. Net earnings for the fourth quarter were $824,000 compared to $3,689,000 a year ago. Fiscal 1993 fourth quarter earnings per share were $.04 vs. $.16 per share in the corresponding quarter in fiscal 1992, on 22,454,437 and 23,450,210 weighted average shares outstanding, respectively.
 For fiscal 1993, the company's revenues were $106,844,000, compared to $113,125,000 for last year. Net earnings were $5,110,000 compared to $18,563,000 last year. Earnings per share for fiscal year 1993 were $.23 compared to $.80 last year on 22,720,205 and 23,343,821 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 Class A Common Shares are listed on the NASDAQ stock market- National Market under the symbol AMSWA.
 AMERICAN SOFTWARE, INC.
 Selected Financial Information
 (In thousands)
 4th qtr. ended 12 mos. ended
 4/30/93 4/30/92 4/30/93 4/30/92
 Revenues $25,701 $28,032 $106,844 $113,125
 Operating earnings 418 4,152 3,286 23,193
 Earnings before
 income taxes 1,067 5,354 6,745 27,879
 Income taxes 243 1,665 1,635 9,316
 Net earnings 824 3,689 5,110 18,563
 Earnings per share .04 .16 .23 .80
 Weighted average
 shares outstanding 22,454 23,450 22,720 23,344
 -0- 6/3/93
 /CONTACT: Peter W. Pamplin, controller of American Software, 404-261-4381/
 (AMSWA)


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

BR-BN -- AT001 -- 4748 06/03/93 08:02 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
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