Revenue Update on MAM Software Group(NASDAQ:MAMS)

MAM Software Group(NASDAQ:MAMS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Sep 26, 2016. Company reported revenue of $8.40M. Analysts estimated a revenue of $8.26M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.07.

MAM Software Group (MAMS) made into the market gainers list on Thursdays trading session with the shares advancing 1.39% or 0.08 points. Due to strong positive momentum, the stock ended at $5.85, which is also near the day’s high of $5.96. The stock began the session at $5.77 and the volume stood at 1,084 shares. The 52-week high of the shares is $7.48 and the 52 week low is $5.1. The company has a current market capitalization of $73 M and it has 1,24,70,505 shares in outstanding.

MAM Software Group Inc. is a technology holding company. The Company through its subsidiaries provides information management solutions and services and cloud-based software solutions for the automotive aftermarket sector of the United States Canada the United Kingdom and Ireland. In the United Kingdom and Ireland the Company also provides management solutions to businesses involved in the wholesale of construction materials. The Company has two subsidiaries: MAM Software Inc. (MAM US) and MAM Software Limited (MAM Ltd.). MAM US has two divisions: VAST and Autopart. The VAST division develops open business management systems and distribution channel e-commerce systems for the automotive aftermarket supply chain. The Autopart division provides software solutions to the North American automotive aftermarket. MAM Ltd. specializes in providing business management solutions to the motor factor retailing and wholesale distribution sectors.

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