American Software Inc (NASDAQ:AMSWA) Q1 2021 Earnings Conference Call - Final Transcript

Aug 26, 2020 • 05:00 pm ET

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American Software Inc (NASDAQ:AMSWA) Q1 2021 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Please stand by, your program is about to begin. If you should need audio assistance during your call today, please press the star and 0. Good day, everyone, and welcome to today's first-quarter fiscal year 2021 financial results. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the star and one on your touch tone phone. I will be standing by if you should need audio assistance.

And it is now my pleasure to turn today's conference over to Vincent Klinges, Chief Financial Officer of American Software. Please go ahead.

Executive
Vincent Klinges

Thank you, Rylin. Good afternoon, everyone, and welcome to American Software's first-quarter fiscal 2021 earnings conference call. On the call with me is Allan Dow, President and CEO of American Software. Allan and I will-- Allan will provide some opening remarks, and then I will review the numbers.

But first, I'd like to remind you that 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 Allan for opening remarks.

Executive
Allan Dow

Thank you, Vince. As this pandemic continues beyond our initial expectations, we know that many individuals, families, and companies have been adversely impacted, but we want to encourage everyone to stay strong. We will prevail. Personally, and on behalf of the company, I want to express our gratitude for all the frontline workers and first responders who continue to work tirelessly that keep us all safe and healthy in these extraordinary times.

Furthermore, as an organization, we're pushing forward in our efforts to leverage the power of diversity within our team and to ensure equal rights for all of our teammates around our ecosystem and within our communities. Our community service committee is continuing to explore ways that we can have an even bigger impact in our communities as we invest time, personal