MAM Software Group, Inc. announced unaudited consolidated earnings results for the first fiscal quarter ended September 30, 2015. For the quarter, the company reported revenues of $7,995,000 against $8,207,000 a year ago. Operating income was $1,024,000 against $812,000 a year ago. Income before provision for income taxes was $1,014,000 against $808,000 a year ago. Net income was $830,000 or $0.06 per basic and diluted share against $609,000 or $0.04 per basic and diluted share a year ago. Net cash provided by operating activities was $613,000 against $218,000 a year ago. Purchase of property and equipment was $14,000 against $262,000 a year ago. On a constant currency basis, revenues were up 3% over the same period last year. Recurring revenues were 78% of total revenues compared to 73% of total revenues for the same period last year. Adjusted EBITDA improved to $1,218,000, or 15.9% of revenues, compared with $1,186,000, or 14.5% of revenues, for the same period last year.

For the fiscal year 2016, the company announced that its growth strategies remain unchanged. The company will continue to balance its investments in the business with opportunities to return value to its shareholders. The company expectations for adjusted EBITDA in the range of $5.8 million to $6.0 million for fiscal 2016 also remain unchanged.