ATLANTA (AP) _ American Software Inc. (AMSWA) on Tuesday reported fiscal first-quarter profit of $1.4 million.
On a per-share basis, the Atlanta-based company said it had net income of 4 cents. Earnings, adjusted for amortization costs and stock option expense, were 7 cents per share.
The enterprise software provider posted revenue of $27.4 million in the period.
American Software shares have increased 54 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.94, a rise of 63 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMSWA at https://www.zacks.com/ap/AMSWA
