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American Software is to delay filing its Form 10-K for the fiscal year ended April 30, 2005, citing a material weakness in its internal control.

The weakness was found as part of its review of Sarbanes-Oxley section 404 review.

Errors were identified in its income tax provision calculation. The Company estimates that correcting these errors will require it to record an income tax expense for fiscal 2005 compared to an income tax benefit of $215,000 previously reported, resulting in a reduction in the announced after tax earnings and earnings per share for the fiscal year ended April 30, 2005.

Form 10-K will be filed in September with any restatements.

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American Software

2005

Form 10-K

material weakness

tax and internal control

internal control and tax

income tax

fiscal 2005

Sarbanes-Oxley and material weakness