American Software, Inc. (NASDAQ:AMSWA) Q3 2024 Earnings Conference Call February 22, 2024 5:00 PM ET

Company Participants

Allan Dow - President and Chief Executive Officer

Vincent Klinges - Chief Financial Officer

Conference Call Participants

Matthew Galinko - Maxim Group

Anja Soderstrom - Sidoti & Company

Zach Cummins - B. Riley Securities

Operator

[Operator instructions] Hello and welcome to the Third Quarter Fiscal Year 2024 Earnings Results Conference. At this time all participants are in a listen-only mode. Later you will have an opportunity to ask questions. [Operator Instructions] Please note that this call is being recorded should you need anything.

I'd now like to turn the conference over to Vince Klinges, CFO of American Software. Please begin.

Vincent Klinges

Thank you and good afternoon, everyone, and welcome to American Software's third quarter of fiscal 2024 earnings call. with me, on the call with me is Allan Dow, President and CEO of American Software. Allan will provide some opening remarks, and then I'll review the numbers, but first our Safe Harbor statement.

This conference call may contain forward-looking statements, including statements regarding, among other things, our business strategy and growth strategy. Any such forward-looking statements speak only as of this date. These forward-looking statements are based largely on our expectations and are subject to a number of risks and uncertainties, some of which cannot be predicted or quantified and are beyond our control. Future developments and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements.

There are a number of factors that could cause actual results to differ materially from those anticipated by statements made on this call. Such factors include, but are not limited to, changes and uncertainty in general economic conditions, the growth rate of the market for our products and services, the timely availability and market acceptance of these products and services, the effect of competitive products and pricing and other competitive pressures, and the irregular and unpredictable pattern of revenues. In light of these risks and uncertainties, there can be no assurance that the forward-looking information will prove to be accurate.

At this time, I'd like to turn the call over to Alan for opening remarks.

Allan Dow

Thank you, Vince. Good afternoon, everyone, and thank you for joining us today. Our third quarter was one of the busiest periods we've seen in the last year and a half, particularly as we entered into the new calendar year. Our clients and prospects are reengaging on transformational supply chain initiatives that have been in the works for some time, and while we continue to experience some delays in the larger deals, the demand environment appears to be improving. Against this backdrop, our third quarter results were in line with our expectations, and we remain on track to deliver the fiscal year 2024 guidance we provided last quarter.