American Software Board Approves Quarterly Cash Dividend

American Software, Inc. (NASDAQ:AMSWA) today announced that its Board of Directors has declared a quarterly dividend of $0.11 per share. The dividend is payable to Class A and Class B shareholders of the Company of record at the close of business on February 3, 2023, to be paid on or about February 17, 2023.

Logility, the primary operating unit of American Software, provides an innovative technical platform that enables companies to accelerate their digital supply chain transformation from product concept to customer availability through the chain platform Logility® Digital Procurement Platform, a single platform covering Product, Demand, Inventory, Supply, Provisioning, Deployment, Corporate Responsibility (ESG) and Network Optimization aligned with integrated business planning.

Serving customers such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Trident Seafoods Corporation and WEG; our solutions are marketed and sold through a direct sales team as well as an indirect global distribution network of value-added resellers (“VARs”).

Powered by supply chain master data, enabling the automation of critical business processes through the application of artificial intelligence and machine learning algorithms to a variety of internal and external data streams, the Logility’s comprehensive portfolio delivered in the cloud includes advanced analytics, supply chain visibility, demand, inventory and replenishment planning, sales and operations planning (S&OP), integrated business planning (IBP), supply and inventory optimization, manufacturing planning and scheduling, network design and optimization (NDO), retail merchandise and assortment planning and allocation, product lifecycle management (PLM), supply, supplier quality and compliance and product traceability. For more information about Logility, please visit www.logility.com. Logility is a wholly owned subsidiary and operating entity of American Software, Inc. (NASDAQ: AMSWA). You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing [email protected]

Forward-looking statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by the statements made herein. These factors include, but are not limited to, continued economic uncertainty in the United States and globally, and the timing and degree of business resumption; the irregular revenue profile of the Company; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with the development of new products; challenges and risks associated with integrating acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to meet in a timely manner all filings required by the Securities and Exchange Commission (SEC) and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted thereunder article ; as well as a number of other risk factors which could affect the future performance of the Company. For more information on the risks to which the Company may be exposed and other information, please see the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email [email protected]

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