ATLANTA (AP) — ATLANTA (AP) — American Software Inc. (AMSWA) on Thursday reported fiscal fourth-quarter net income of $2.2 million.
The Atlanta-based company said it had net income of 7 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 12 cents per share.
The enterprise software provider posted revenue of $25.4 million in the period.
For the year, the company reported profit of $11.4 million, or 34 cents per share. Revenue was reported as $102.5 million.
American Software expects full-year revenue in the range of $104 million to $108 million.
American Software shares have decreased almost 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.33, a decline of 23% in the last 12 months.
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