Investing.com - American Software reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
American Software announced earnings per share of $0.10 on revenue of $31.44M. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $32.98M.
American Software shares are down 37% from the beginning of the year , still down 46.81% from its 52 week high of $30.70 set on Thursday, November 18, 2021.
American Software follows other major Information Technology sector earnings this month
American Software's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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