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Agilysys, Inc. - $AGYS STOCK NEWS

Welcome to our dedicated page for Agilysys news (Ticker: $AGYS), a resource for investors and traders seeking the latest updates and insights on Agilysys stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Agilysys's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Agilysys's position in the market.

Rhea-AI Summary

Agilysys (Nasdaq: AGYS), a leading provider of hospitality software solutions, will participate in the 19th Annual Needham Technology, Media & Consumer Conference in New York City from May 14-16, 2024. May 14-15 will be in-person, while May 16 will be virtual. Chief Financial Officer Dave Wood will host one-on-one meetings with investors and analysts and participate in a fireside chat on May 15. Agilysys released its fiscal 2024 Q4 and full-year results on May 13, 2024. Presentation materials and the earnings call replay are available on the Agilysys Investor Relations webpage.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.36%
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conferences
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Rhea-AI Summary

Agilysys reported record revenues for fiscal 2024, with Q4 revenue at $62.2M, up 17.6% YoY, and annual revenue at $237.5M, up 19.9% YoY. Recurring revenue was $138.1M, with subscription revenue growing by 29.6%. Adjusted EBITDA for the year was $37.1M, and free cash flow was $40.1M. Net income for Q4 was $3.0M or $0.11 per share, down from $3.6M in the prior year, while full-year net income was $85.0M or $3.17 per share, up from $12.7M. Gross margin for Q4 was 61.5%. The company anticipates fiscal 2025 revenue of $275M-$280M, with adjusted EBITDA at 16% of revenue.

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Rhea-AI Sentiment
End-of-Day
14.9%
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Rhea-AI Summary

Agilysys, Inc. (NASDAQ: AGYS) announced that Marriott International has approved their cloud-native InfoGenesis® Point-of-Sale platform for use in their properties across the U.S. and Canada. This platform will be available in Marriott's Luxury, Premium, and Select tiers, providing efficiency, flexibility, and convenience for operators and guests.

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Rhea-AI Sentiment
End-of-Day
0.96%
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none
Rhea-AI Summary

Agilysys, Inc. (NASDAQ: AGYS) will report its fiscal 2024 fourth quarter results on May 13, 2024, and host a conference call and webcast. The call is open to the public, with registration required. Participants can listen to the call live online and access the archived version later.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
conferences earnings
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Rhea-AI Summary
Agilysys, Inc. (AGYS) expands its InfoGenesis Point-of-Sale portfolio with the launch of IG Fly, a mobile all-in-one ordering and payment solution. The new solution offers integrated credit card payments, built-in printer, scanner, and Magnetic Stripe Reader, enhancing staff flexibility, efficiency, and customer service. IG Fly retains all the robust enterprise-level POS functionality while enabling staff to serve customers 'on the fly' across dining and retail venues. The initial launch partner for IG Fly is Shift4, with more payment providers to follow. The solution aims to improve customer service, streamline operations, and enhance overall user experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
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none
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Rhea-AI Summary
Agilysys, Inc. (NASDAQ: AGYS) debuts revenue optimization enhancements at ISPA 2024 with AI-powered features in Agilysys Spa. The new capabilities, powered by guestsense.ai, include Minimum Gap Restrictions, Revenue Management, and Conversational Reservations, aiming to increase revenue and profitability for spa operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
AI
Rhea-AI Summary
Agilysys, Inc. (AGYS) successfully implements multiple state-of-the-art hospitality solutions at Mohegan INSPIRE Entertainment Resort in South Korea, driving operational efficiency and revenue opportunities.
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Rhea-AI Sentiment
End-of-Day
2.5%
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none
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Rhea-AI Summary
Longhorn Hotel & Casino in Las Vegas modernizes its technology with Agilysys solutions to enhance guest experiences and increase revenue share while remaining cost-effective.
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Rhea-AI Sentiment
End-of-Day
0.19%
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none
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Rhea-AI Summary
Agilysys, Inc. (NASDAQ: AGYS) announces the pricing of an underwritten secondary offering of 867,729 shares of its common stock, resulting in gross proceeds of $72.7 million. The Offering is by certain investment funds managed by MAK Capital, with Agilysys not selling any shares and not receiving any proceeds from the sale. The Offering is expected to close on February 20, 2024, with BTIG, LLC acting as the sole underwriter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.93%
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Rhea-AI Summary
Agilysys, Inc. (AGYS) commences a public offering of 867,729 shares of its common stock by investment funds managed by MAK Capital. Agilysys will not receive any proceeds from the sale. The Offering is being underwritten by BTIG, LLC and made pursuant to an effective shelf registration statement filed with the SEC. Interested parties can obtain copies of the prospectus through the SEC's website or BTIG, LLC. This press release does not constitute an offer to sell securities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.93%
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Agilysys, Inc.

Nasdaq:AGYS

AGYS Rankings

AGYS Stock Data

2.86B
23.29M
4.49%
89.8%
1.73%
Software Publishers
Information
Link
United States of America
ALPHARETTA

About AGYS

agilysys is a leading developer and marketer of proprietary enterprise software, services and solutions to the hospitality industry. the company specializes in market-leading point-of-sale, property management, inventory & procurement, workforce management and mobile & wireless solutions that are designed to streamline operations, improve efficiency and enhance the guest experience. agilysys serves casinos, resorts, hotels, foodservice venues, stadiums and cruise lines. agilysys operates extensively throughout north america, europe and asia, with corporate services located in alpharetta, ga, and apac offices in singapore, hong kong and malaysia. for more information, visit www.agilysys.com. follow us on twitter @agilysys