Reports Q4 revenue $31.011M, consensus $31.15M. "We were pleased to see our subscription revenue growth return to 20% and recurring revenues reach 70% of our total revenues for the quarter," said Allan Dow, CEO and President of American Software. "Considering the impact of economic uncertainty on our non-core services revenue and as we are continuing to see delays in new project starts, we are slightly lowering our guidance for total and recurring revenue. However, we are maintaining our adjusted EBITDA expectations to reflect the strong performance to date and prudent management of expenses."
Published first on TheFly
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