Agilysys Announces Fiscal 2025 Fourth Quarter Record Revenue of $74.3M and Full Year Record Revenue of $275.6M
Annual Revenue Includes Recurring Revenue of
Annual Record Adjusted EBITDA of
Annual Revenue Expected To Grow To
Summary of Fiscal 2025 Fourth Quarter Financial Results
-
Total net revenue increased
19.4% to a record$74.3 million $62.2 million -
Recurring revenue (comprised of subscription and maintenance charges) was a record
$46.2 million 62.2% of total net revenue, compared to$36.6 million 58.8% of total net revenue for the same period in fiscal 2024. Subscription revenue increased42.7% year-over-year and was64.4% of total recurring revenue compared to57.0% of total recurring revenue in the fourth quarter of fiscal 2024. -
Gross margin was
60.7% in the fiscal 2025 fourth quarter compared to61.5% in the comparable prior-year period. -
Net income attributable to common shareholders in the fiscal 2025 fourth quarter was
$3.9 million $0.14 $3.0 million $0.11 -
Adjusted EBITDA (non-GAAP) was
$14.8 million $11.0 million -
Adjusted diluted EPS (non-GAAP) was
$0.54 $0.32 -
Free cash flow (non-GAAP) in the fiscal 2025 fourth quarter was
$26.5 million $29.3 million $73.0 million $144.9 million
Summary of Full Fiscal Year 2025 Financial Results
-
Total net revenue increased
16.1% to a record$275.6 million $237.5 million -
Recurring revenue (comprised of subscription and maintenance charges) was a record
$170.1 million 61.7% of total net revenue, compared to$138.1 million 58.1% of total net revenue, for fiscal year 2024. Subscription revenue increased39.5% year-over-year and was61.9% of total recurring revenue compared to54.7% of total recurring revenue in fiscal year 2024. -
Gross margin was
62.4% in fiscal year 2025 compared to60.7% in the comparable prior-year period. -
Net income attributable to common shareholders in fiscal year 2025 was
$23.2 million $0.82 $85.0 million $3.17 -
Adjusted EBITDA (non-GAAP) was a record
$53.8 million $37.1 million -
Adjusted diluted EPS (non-GAAP) was
$1.55 $1.10 -
Free cash flow (non-GAAP) in fiscal year 2025 was
$52.3 million $40.1 million
Ramesh Srinivasan, President and CEO of Agilysys, commented, “We are pleased with our fourth quarter results, which featured year-over-year subscription revenue growth of
“We have had considerable success with our professional services hiring efforts during the recent few months. Fiscal 2025 fourth quarter was an excellent period for services implementation execution, driving to record highs both services revenue and annual subscription revenue value of projects installed in the field.”
Srinivasan continued, “Fiscal 2025 fourth quarter was a record quarter for selling success, beating the previous best quarter by a wide margin. Customer demand for the cloud-native state-of-the-art hospitality focused software solution ecosystem we have built diligently over the past several years has continued to accelerate, driving the sum of product, recurring revenue and services backlog to the highest levels we have seen thus far.
"We expect fiscal year 2026 full year revenue to be in the
Fiscal 2026 Outlook
The Company expects full year fiscal 2026 revenue to be
Dave Wood, Chief Financial Officer, commented, “This was a transformational year for Agilysys. We managed through operational challenges related to the end stages of the product modernization efforts, completed the acquisition of Book4Time and experienced accelerating sales demand for our modernized cloud-native software ecosystem, resulting in record sales during fiscal year 2025. We are pleased with another year of record revenue and strong year-over-year subscription revenue growth. The record sales year has driven backlog to record levels as we focus on the execution of our FY26 financial plan.”
2025 Fourth Quarter Conference Call and Webcast
Agilysys is hosting a conference call and webcast today, May 19, 2025, at 4:30 p.m. ET. Both the call and the webcast are open to the public. Interested parties can register for the call at https://register-conf.media-server.com/register/BIdacfb34dab2443c0a692a71501be72cf. After registration, an email confirmation with a personalized PIN will be provided along with further access details. Please plan to register 15 minutes prior to the presentation to receive confirmation and further instruction in a timely manner.
Interested parties can also access the conference call live through the Events and Presentations section of the Investor Relations page of Agilysys.com. Approximately two hours after the call has concluded, an archived version of the webcast will be available for replay at the same location.
Forward-Looking Language
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated herein and in other filings and statements include, among others, the impact macroeconomic factors may have on the overall business environment, our ability to achieve our fiscal 2026 guidance, maintaining sales momentum, the company's ability to convert the backlog into revenue, and the Risk Factors described in the Company’s filings with the Securities and Exchange Commission, including the Company’s reports on Form 10-K and Form 10-Q. Additionally, references to "record" financial and business levels in this document refer only to the time period after Agilysys made the transformation to an entirely hospitality focused software solutions company in FY2014.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement that may be made from time to time, whether written or oral, whether as a result of new information, future developments or otherwise.
Use of Non-GAAP Financial Information
To supplement the unaudited consolidated financial statements presented in accordance with
The Company has included the following non-GAAP financial measures in this press release: adjusted net income, adjusted basic earnings per share and adjusted diluted earnings per share. The Company believes these non-GAAP financial measures provide valuable insight into the Company’s overall profitability from core operations before certain non-cash and non-recurring charges. The Company defines adjusted net income as net income before amortization expense (including amortization of developed technology), share-based compensation, convertible preferred stock issuance costs, and one-time charges including severance and other charges, impairments and legal settlements, less the related income tax effect of these adjustments, as applicable, and defines adjusted earnings per share as adjusted net income divided by basic and diluted weighted average shares outstanding.
See the accompanying tables below for the definitions and reconciliation of these non-GAAP measures to the most closely related GAAP measures.
About Agilysys
Agilysys exclusively delivers state-of-the-art software solutions and services that help organizations achieve High Return Hospitality™ by maximizing Return on Experience (ROE) through interactions that make ‘personal’ profitable. Customers around the world use Agilysys Property Management Systems (PMS), Point-of-Sale (POS) solutions and Food & Beverage Inventory and Procurement (I&P) systems to consistently delight guests, retain staff and grow margins. Agilysys’
AGILYSYS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
|
||||||||||||||||
|
|
Three Months Ended
|
|
|
Year Ended
|
|
||||||||||
(In thousands, except per share data) |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
||||
Net revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Products |
|
$ |
10,247 |
|
|
$ |
10,983 |
|
|
$ |
41,324 |
|
|
$ |
49,083 |
|
Subscription and maintenance |
|
|
46,198 |
|
|
|
36,588 |
|
|
|
170,051 |
|
|
|
138,069 |
|
Professional services |
|
|
17,827 |
|
|
|
14,650 |
|
|
|
64,249 |
|
|
|
50,312 |
|
Total net revenue |
|
|
74,272 |
|
|
|
62,221 |
|
|
|
275,624 |
|
|
|
237,464 |
|
Cost of goods sold: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Products |
|
|
6,073 |
|
|
|
6,294 |
|
|
|
22,055 |
|
|
|
26,318 |
|
Subscription and maintenance |
|
|
10,998 |
|
|
|
8,059 |
|
|
|
37,464 |
|
|
|
30,870 |
|
Professional services |
|
|
12,150 |
|
|
|
9,592 |
|
|
|
44,117 |
|
|
|
36,020 |
|
Total cost of goods sold |
|
|
29,221 |
|
|
|
23,945 |
|
|
|
103,636 |
|
|
|
93,208 |
|
Gross profit |
|
|
45,051 |
|
|
|
38,276 |
|
|
|
171,988 |
|
|
|
144,256 |
|
Gross profit margin |
|
|
60.7 |
% |
|
|
61.5 |
% |
|
|
62.4 |
% |
|
|
60.7 |
% |
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Product development |
|
|
16,562 |
|
|
|
14,284 |
|
|
|
62,411 |
|
|
|
56,739 |
|
Sales and marketing |
|
|
8,322 |
|
|
|
8,601 |
|
|
|
33,144 |
|
|
|
28,439 |
|
General and administrative |
|
|
10,659 |
|
|
|
9,073 |
|
|
|
40,832 |
|
|
|
36,279 |
|
Depreciation of fixed assets |
|
|
941 |
|
|
|
854 |
|
|
|
3,679 |
|
|
|
3,896 |
|
Amortization of internal-use software and intangibles |
|
|
1,082 |
|
|
|
246 |
|
|
|
3,859 |
|
|
|
1,366 |
|
Other charges, net |
|
|
2,030 |
|
|
|
1,711 |
|
|
|
4,628 |
|
|
|
1,756 |
|
Legal settlements |
|
|
145 |
|
|
|
28 |
|
|
|
844 |
|
|
|
28 |
|
Total operating expense |
|
|
39,741 |
|
|
|
34,797 |
|
|
|
149,397 |
|
|
|
128,503 |
|
Operating income |
|
|
5,310 |
|
|
|
3,479 |
|
|
|
22,591 |
|
|
|
15,753 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Interest income |
|
|
489 |
|
|
|
1,503 |
|
|
|
3,782 |
|
|
|
5,083 |
|
Interest expense |
|
|
(413 |
) |
|
|
— |
|
|
|
(1,529 |
) |
|
|
— |
|
Other income (expense), net |
|
|
(13 |
) |
|
|
(136 |
) |
|
|
791 |
|
|
|
(152 |
) |
Income before taxes |
|
|
5,373 |
|
|
|
4,846 |
|
|
|
25,635 |
|
|
|
20,684 |
|
Income tax provision (benefit) |
|
|
1,448 |
|
|
|
1,885 |
|
|
|
2,410 |
|
|
|
(65,511 |
) |
Net income |
|
$ |
3,925 |
|
|
$ |
2,961 |
|
|
$ |
23,225 |
|
|
$ |
86,195 |
|
Series A convertible preferred stock dividends |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,204 |
) |
Net income attributable to common shareholders |
|
$ |
3,925 |
|
|
$ |
2,961 |
|
|
$ |
23,225 |
|
|
$ |
84,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Weighted average shares outstanding - basic |
|
|
27,740 |
|
|
|
26,913 |
|
|
|
27,518 |
|
|
|
25,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net income per share - basic: |
|
$ |
0.14 |
|
|
$ |
0.11 |
|
|
$ |
0.84 |
|
|
$ |
3.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Weighted average shares outstanding - diluted |
|
|
28,282 |
|
|
|
28,019 |
|
|
|
28,257 |
|
|
|
26,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net income per share - diluted: |
|
$ |
0.14 |
|
|
$ |
0.11 |
|
|
$ |
0.82 |
|
|
$ |
3.17 |
|
AGILYSYS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS
|
||||||||
(In thousands, except share data) |
|
March 31,
|
|
|
March 31,
|
|
||
ASSETS |
|
|
|
|
|
|
||
Current assets: |
|
|
|
|
|
|
||
Cash and cash equivalents |
|
$ |
73,041 |
|
|
$ |
144,891 |
|
Accounts receivable, net of allowance for expected credit losses |
||||||||
of |
|
|
31,529 |
|
|
|
29,441 |
|
Contract assets |
|
|
4,523 |
|
|
|
2,287 |
|
Inventories |
|
|
5,174 |
|
|
|
4,587 |
|
Prepaid expenses and other current assets |
|
|
9,260 |
|
|
|
7,731 |
|
Total current assets |
|
|
123,527 |
|
|
|
188,937 |
|
Property and equipment, net |
|
|
16,718 |
|
|
|
17,930 |
|
Operating lease right-of-use assets |
|
|
17,114 |
|
|
|
18,384 |
|
Goodwill |
|
|
130,640 |
|
|
|
32,791 |
|
Intangible assets, net |
|
|
70,802 |
|
|
|
16,952 |
|
Deferred income taxes, non-current |
|
|
66,520 |
|
|
|
67,373 |
|
Other non-current assets |
|
|
9,049 |
|
|
|
8,063 |
|
Total assets |
|
$ |
434,370 |
|
|
$ |
350,430 |
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
||
Current liabilities: |
|
|
|
|
|
|
||
Accounts payable |
|
$ |
12,388 |
|
|
$ |
9,422 |
|
Contract liabilities |
|
|
70,654 |
|
|
|
56,148 |
|
Accrued liabilities |
|
|
22,324 |
|
|
|
19,522 |
|
Operating lease liabilities, current |
|
|
5,658 |
|
|
|
4,279 |
|
Total current liabilities |
|
|
111,024 |
|
|
|
89,371 |
|
Deferred income taxes, non-current |
|
|
10,986 |
|
|
|
554 |
|
Operating lease liabilities, non-current |
|
|
17,304 |
|
|
|
19,613 |
|
Debt, non-current |
|
|
24,000 |
|
|
|
— |
|
Other non-current liabilities |
|
|
5,170 |
|
|
|
4,415 |
|
Commitments and contingencies |
|
|
|
|
|
|
||
Shareholders' equity: |
|
|
|
|
|
|
||
Common shares, without par value, at |
||||||||
shares authorized; 33,342,288 shares issued; and 28,015,775 |
||||||||
and 27,376,862 shares outstanding at March 31, 2025 |
||||||||
and March 31, 2024, respectively |
|
|
10,003 |
|
|
|
10,003 |
|
Treasury shares, 5,326,513 and 5,965,426 at March 31, 2025 |
||||||||
and March 31, 2024, respectively |
|
|
(1,600 |
) |
|
|
(1,791 |
) |
Capital in excess of stated value |
|
|
109,785 |
|
|
|
94,680 |
|
Retained earnings |
|
|
160,980 |
|
|
|
137,755 |
|
Accumulated other comprehensive loss |
|
|
(13,282 |
) |
|
|
(4,170 |
) |
Total shareholders' equity |
|
|
265,886 |
|
|
|
236,477 |
|
Total liabilities and shareholders' equity |
|
$ |
434,370 |
|
|
$ |
350,430 |
|
AGILYSYS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
|
||||||||
|
|
Year Ended |
|
|||||
|
|
March 31, |
|
|||||
(In thousands) |
|
2025 |
|
|
2024 |
|
||
|
|
|
|
|
|
|
||
Operating activities |
|
|
|
|
|
|
||
Net income |
|
$ |
23,225 |
|
|
$ |
86,195 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
||
Loss (gain) on asset disposals |
|
|
25 |
|
|
|
(1,145 |
) |
Depreciation of fixed assets |
|
|
3,679 |
|
|
|
3,896 |
|
Amortization of internal-use software and intangibles |
|
|
3,859 |
|
|
|
1,366 |
|
Amortization of developed technology acquired |
|
|
461 |
|
|
|
159 |
|
Deferred income taxes |
|
|
434 |
|
|
|
(66,353 |
) |
Share-based compensation |
|
|
17,777 |
|
|
|
14,111 |
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
||
Accounts receivable |
|
|
(565 |
) |
|
|
(6,996 |
) |
Contract assets |
|
|
(2,227 |
) |
|
|
(36 |
) |
Inventory |
|
|
(556 |
) |
|
|
5,189 |
|
Prepaids and other current assets |
|
|
(84 |
) |
|
|
(291 |
) |
Accounts payable |
|
|
2,185 |
|
|
|
973 |
|
Contract liabilities |
|
|
5,730 |
|
|
|
3,965 |
|
Accrued liabilities |
|
|
383 |
|
|
|
5,659 |
|
Income taxes payable, net |
|
|
(106 |
) |
|
|
(1,177 |
) |
Other changes, net |
|
|
908 |
|
|
|
2,671 |
|
Net cash provided by operating activities |
|
|
55,128 |
|
|
|
48,186 |
|
Investing activities |
|
|
|
|
|
|
||
Cash paid for business combinations, net of cash acquired |
|
|
(145,756 |
) |
|
|
— |
|
Capital expenditures |
|
|
(2,783 |
) |
|
|
(8,127 |
) |
Proceeds from sale of assets |
|
|
— |
|
|
|
552 |
|
Additional investments in corporate-owned life insurance policies |
|
|
(27 |
) |
|
|
(27 |
) |
Net cash used in investing activities |
|
|
(148,566 |
) |
|
|
(7,602 |
) |
Financing activities |
|
|
|
|
|
|
||
Payment of preferred stock dividends |
|
|
— |
|
|
|
(1,663 |
) |
Debt proceeds, net of issuance costs |
|
|
49,645 |
|
|
|
— |
|
Debt repayments |
|
|
(26,000 |
) |
|
|
— |
|
Proceeds from Employee Stock Purchase Plan purchases |
|
|
1,026 |
|
|
|
— |
|
Repurchase of common shares to satisfy employee tax withholding |
|
|
(2,743 |
) |
|
|
(6,893 |
) |
Principal payments under long-term obligations |
|
|
— |
|
|
|
(2 |
) |
Net cash provided by (used in) financing activities |
|
|
21,928 |
|
|
|
(8,558 |
) |
Effect of exchange rate changes on cash |
|
|
(340 |
) |
|
|
23 |
|
Net (decrease) increase in cash and cash equivalents |
|
|
(71,850 |
) |
|
|
32,049 |
|
Cash and cash equivalents at beginning of period |
|
|
144,891 |
|
|
|
112,842 |
|
Cash and cash equivalents at end of period |
|
$ |
73,041 |
|
|
$ |
144,891 |
|
AGILYSYS, INC. RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA (UNAUDITED)
|
||||||||||||||||
|
|
Three Months Ended |
|
|
Twelve Months Ended |
|
||||||||||
|
|
March 31, |
|
|
March 31, |
|
||||||||||
(In thousands) |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
||||
Net income |
|
$ |
3,925 |
|
|
$ |
2,961 |
|
|
$ |
23,225 |
|
|
$ |
86,195 |
|
Income tax provision (benefit) |
|
|
1,448 |
|
|
|
1,885 |
|
|
|
2,410 |
|
|
|
(65,511 |
) |
Income before taxes |
|
|
5,373 |
|
|
|
4,846 |
|
|
|
25,635 |
|
|
|
20,684 |
|
Depreciation of fixed assets |
|
|
941 |
|
|
|
854 |
|
|
|
3,679 |
|
|
|
3,896 |
|
Amortization of internal-use software and intangibles |
|
|
1,082 |
|
|
|
246 |
|
|
|
3,859 |
|
|
|
1,366 |
|
Amortization of developed technology acquired |
|
|
160 |
|
|
|
40 |
|
|
|
461 |
|
|
|
159 |
|
Interest expense (income), net |
|
|
(76 |
) |
|
|
(1,503 |
) |
|
|
(2,253 |
) |
|
|
(5,083 |
) |
EBITDA (a) |
|
|
7,480 |
|
|
|
4,483 |
|
|
|
31,381 |
|
|
|
21,022 |
|
Share-based compensation |
|
|
5,121 |
|
|
|
4,622 |
|
|
|
17,777 |
|
|
|
14,111 |
|
Other charges, net |
|
|
2,030 |
|
|
|
1,711 |
|
|
|
4,628 |
|
|
|
1,756 |
|
Other non-operating (income) expense, net |
|
|
13 |
|
|
|
136 |
|
|
|
(791 |
) |
|
|
152 |
|
Legal settlements |
|
|
145 |
|
|
|
28 |
|
|
|
844 |
|
|
|
28 |
|
Adjusted EBITDA (b) |
|
$ |
14,789 |
|
|
$ |
10,980 |
|
|
$ |
53,839 |
|
|
$ |
37,069 |
|
(a) EBITDA, a non-GAAP financial measure, is defined as net income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology)
|
(b) Adjusted EBITDA, a non-GAAP financial measure, is defined as net income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology), and excluding charges relating to i) share-based compensation, ii) other (gains) and charges, net, iii) other non-operating expense (income), and iv) legal settlements |
AGILYSYS, INC. RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME FOR ADJUSTED EARNINGS PER SHARE (UNAUDITED)
|
||||||||||||||||
|
|
Three Months Ended |
|
|
Twelve Months Ended |
|
||||||||||
|
|
March 31, |
|
|
March 31, |
|
||||||||||
(In thousands, except per share data) |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
||||
Net income attributable to common shareholders |
|
$ |
3,925 |
|
|
$ |
2,961 |
|
|
$ |
23,225 |
|
|
$ |
84,991 |
|
Amortization of developed technology acquired |
|
|
160 |
|
|
|
40 |
|
|
|
461 |
|
|
|
159 |
|
Amortization of internal-use software and intangibles |
|
|
1,082 |
|
|
|
246 |
|
|
|
3,859 |
|
|
|
1,366 |
|
Share-based compensation |
|
|
5,121 |
|
|
|
4,622 |
|
|
|
17,777 |
|
|
|
14,111 |
|
Other charges, net |
|
|
2,030 |
|
|
|
1,711 |
|
|
|
4,628 |
|
|
|
1,756 |
|
Legal settlements |
|
|
145 |
|
|
|
28 |
|
|
|
844 |
|
|
|
28 |
|
Tax events (a) |
|
|
4,296 |
|
|
|
577 |
|
|
|
(1,669 |
) |
|
|
(69,067 |
) |
Income tax adjustments |
|
|
(1,533 |
) |
|
|
(1,194 |
) |
|
|
(5,322 |
) |
|
|
(3,805 |
) |
Adjusted net income (b) |
|
$ |
15,226 |
|
|
$ |
8,991 |
|
|
$ |
43,803 |
|
|
$ |
29,539 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic weighted average shares outstanding |
|
|
27,740 |
|
|
|
26,913 |
|
|
|
27,518 |
|
|
|
25,668 |
|
Diluted weighted average shares outstanding |
|
|
28,282 |
|
|
|
28,019 |
|
|
|
28,257 |
|
|
|
26,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Adjusted basic earnings per share (c) |
|
$ |
0.55 |
|
|
$ |
0.33 |
|
|
$ |
1.59 |
|
|
$ |
1.15 |
|
Adjusted diluted earnings per share (c) |
|
$ |
0.54 |
|
|
$ |
0.32 |
|
|
$ |
1.55 |
|
|
$ |
1.10 |
|
(a) Tax events include excess tax benefits or expense related to share-based compensation, release of valuation allowances against deferred income taxes, and changes in uncertain tax positions
|
(b) Adjusted net income, a non-GAAP financial measure, is defined as net income attributable to common shareholders before amortization expense (including amortization of developed technology), share-based compensation, other (gains) and charges, net, and legal settlements, less the related income tax effect of these adjustments, as applicable, at the Company’s current combined federal and state income statutory tax rate and, as defined under (a) above, tax events
|
(c) Adjusted earnings per share, a non-GAAP financial measure, is defined as adjusted net income divided by basic and diluted weighted average shares outstanding |
AGILYSYS, INC. RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (UNAUDITED)
|
||||||||||||||||
|
|
Three Months Ended |
|
|
Twelve Months Ended |
|
||||||||||
|
|
March 31, |
|
|
March 31, |
|
||||||||||
(In thousands) |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
||||
Net cash provided by operating activities |
|
$ |
27,152 |
|
|
$ |
29,807 |
|
|
$ |
55,128 |
|
|
$ |
48,186 |
|
Capital expenditures |
|
|
(701 |
) |
|
|
(469 |
) |
|
|
(2,783 |
) |
|
|
(8,127 |
) |
Free cash flow (a) |
|
$ |
26,451 |
|
|
$ |
29,338 |
|
|
$ |
52,345 |
|
|
$ |
40,059 |
|
(a) Free cash flow, a non-GAAP financial measure, is defined as net cash provided by operating activities, less capital expenditures |
View source version on businesswire.com: https://www.businesswire.com/news/home/20250519397425/en/
Investor Contact:
Jessica Hennessy
Senior Director Corporate Strategy & Investor Relations
Agilysys, Inc.
770-810-6116 or investorrelations@agilysys.com
Source: Agilysys, Inc.
