American Software, Inc. ( ($LGTY) ) has released its Q2 earnings. Here is a breakdown of the information American Software, Inc. presented to its investors.
Logility Supply Chain Solutions, Inc. is a prominent player in the supply chain management software industry, focusing on AI-driven solutions to enhance supply chain planning and efficiency for over 550 clients in 80 countries.
In its latest earnings report, Logility announced a 9% increase in subscription revenues for the second quarter of fiscal year 2025, despite facing some project delays. The company revised its total revenue guidance due to lower professional services revenue but maintained its recurring revenue and adjusted EBITDA predictions.
Key financial highlights include a 9% year-over-year increase in subscription fees to $14.5 million, with recurring revenues comprising 85% of total revenues. However, total revenues declined by 2% to $25.3 million due to decreased services and maintenance revenue. The company reported an increase in GAAP net earnings from continuing operations to $1.7 million, while adjusted net earnings rose to $3.8 million.
Logility’s strategic moves included rebranding and enhancing its market presence through the change of its NASDAQ ticker symbol and hosting the LogiCon24 Virtual Summit. These efforts, combined with its pioneering advancements in AI-first supply chain solutions, have significantly bolstered its industry standing.
Looking ahead, the company remains optimistic about securing delayed deals and sustaining growth in subscription revenues, while continuing to drive technological innovations in AI-driven supply chain management.
