Declaration Of Dividend Payable

3 Months Ended

Jul. 31, 2011

Declaration Of Dividend Payable

Declaration Of Dividend Payable

C. Declaration of Dividend Payable

On May 16, 2011, our Board of Directors declared a quarterly cash dividend of $0.09 per share of American Software Class A and Class B common stock. The cash dividend is payable on September 9, 2011 to Class A and Class B shareholders of record at the close of business on August 19, 2011.