Key first quarter financial highlights include:

-- Adjusted net earnings for the quarter ended July 31, 2009, were $2.0

million or $0.08 per fully diluted share, an increase of 155% over the

first quarter last year;

-- GAAP net earnings for the quarter ended July 31, 2009 were $1.2 million

or $0.05 per fully diluted share, an increase of 94% over the first

quarter last year;

-- Total revenues for the quarter ended July 31, 2009 were $17.8 million, a

decrease of 7% over the first quarter of fiscal 2009;

-- Software license fees for the quarter ended July 31, 2009 were $4.1

million, an increase of 51% over the first quarter of fiscal 2009;

-- Services and other revenues for the first quarter ended July 31, 2009

were $6.9 million, a decrease of 26% from the first quarter of fiscal

2009;

-- Maintenance revenues for the quarter ended July 31, 2009 were $6.8

million, a decrease of 4% from the first quarter of fiscal 2009;

-- Operating earnings for the quarter ended July 31, 2009 were $1.5

million, a increase of 14% from the first quarter of fiscal 2009; and

-- Completion of the tender offer for the shares of Logility, Inc. not

owned by American Software for $7.02 per share, and the follow- on merger

of Logility into a wholly-owned subsidiary of American Software on July

9, 2009.

Adjusted net earnings for the quarter ended July 31, 2009, which excludes stock-based compensation expense, acquisition-related amortization of intangibles, stock-based compensation related to the Logility tender offer and expenses related to the Logility tender offer, were $2.0 million or $0.08 per fully diluted share, compared to $795,000 or $0.03 per fully diluted share for the same period last year, which excluded stock-based compensation expenses and acquisition-related amortization of intangibles.

The Company is including adjusted net earnings and adjusted net earnings per share in the summary financial information provided with this press release as supplemental information relating to its operating results. This financial information is not in accordance with, or an alternative for, GAAP and may be different from non- GAAP net earnings and non-GAAP per share measures used by other companies. The Company believes that this presentation of adjusted net earnings and adjusted net earnings per share provides useful information to investors regarding certain additional financial and business trends relating to its financial condition and results of operations.

The overall financial condition of the Company remains strong, with cash and investments of approximately $61.0 million and no debt as of July 31, 2009. This is approximately a $10.0 million decrease when compared to April 30, 2009 due to payment for shares and related expenses associated with the Logility tender offer and the payment of approximately $2.3 million in dividends.

"The Company delivered its 34th consecutive quarter of profitability despite the uncertain economic environment. Adjusted net earnings increased approximately $1.2 million or 155% when compared to the same period last year. In July, we successfully completed the tender offer for the publicly held shares of Logility and anticipate realizing considerable cost savings from operating only one public company," stated James C. Edenfield, president and CEO of American Software. "American Software is focused on demand- driven enterprise solutions and world-class supply chain management capabilities," said Edenfield. "Our applications help companies reduce costs, increase market share, forecast more accurately and boost customer service while reducing inventory. As a result, our solutions drive value for our customers in both good and bad economies."

"Our sustained profitability has continued to allow the Company to provide a tangible benefit to our shareholders with a quarterly dividend as well as a share repurchase program," continued Edenfield. "On August 17, 2009 our Board of Directors authorized the Company's next quarterly dividend of $0.09 per common share, which is payable on December 1, 2009 to shareholders of record at the close of business on November 19, 2009."

Additional highlights for the first quarter of fiscal year 2010 include:

Customers and Channels:

-- Notable new and existing customers placing orders with the Company in

the first quarter include: Arrow Fastener Co., Boston Apparel Group,

Bush Hog, Cache, Carlisle Tire & Wheel, Central Garden and Pet, DCI

Cheese, Hanesbrands, Inc., Juicy Couture, Johnstone Supply, KGP

Telecommunications, Stony Apparel Corp., Synergy Health Ltd., and

WinWholesale.

-- During the quarter, software license agreements were signed with

customers located in 6 countries including: Australia, South Africa, the

Netherlands, Turkey, the United Kingdom and the United States.