ATLANTA (AP) _ American Software Inc. (AMSWA) on Tuesday reported fiscal first-quarter profit of $1.4 million.

On a per-share basis, the Atlanta-based company said it had net income of 4 cents. Earnings, adjusted for amortization costs and stock option expense, were 7 cents per share.

The enterprise software provider posted revenue of $27.4 million in the period.

American Software shares have increased 54 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.94, a rise of 63 percent in the last 12 months.


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