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.
Agilysys, Inc. (AGYS) delivers innovative hospitality technology solutions for hotels, resorts, and gaming venues worldwide. This page provides authorized updates on corporate developments, financial performance, and product innovations directly from the company and trusted industry sources.
Investors and industry professionals will discover timely announcements including quarterly earnings results, strategic partnerships, and software platform enhancements. Our curated feed includes press releases about new property management features, customer success stories, and leadership updates relevant to the hospitality technology sector.
Key updates cover Agilysys' core solutions, cloud-based platform expansions, and operational improvements for venues using their POS, inventory management, and guest experience systems. Bookmark this page to monitor how AGYS continues shaping digital transformation in hospitality through its enterprise software solutions.
Agilysys (AGYS) reported strong fiscal 2022 Q4 results, with total net revenue hitting $46.6M, a significant increase from $36.3M in Q4 FY21. Recurring revenue grew to $26.6M, representing 57.1% of total revenue, while subscription revenue surged by 32.8%. Adjusted EBITDA reached $7.5M, with a net income of $1.5M or $0.06 per diluted share. The company anticipates fiscal 2023 revenue between $190M-$195M, reflecting a projected growth of 17-20%.
Agilysys, Inc. (NASDAQ: AGYS) has appointed Terrie O’Hanlon as its new Chief Marketing Officer (CMO). With over 25 years of experience, O'Hanlon has led growth marketing strategies for various global technology firms. Her role will focus on enhancing Agilysys' global market presence and revenue growth through targeted marketing initiatives. O'Hanlon's previous roles include CMO at GreyOrange and DefenseStorm, contributing to significant brand advancements. Under her leadership, Agilysys aims to leverage recent investments in modernizing its software solutions.
Agilysys, a global provider of hospitality software solutions, will participate in the 17th Annual Needham Technology & Media Conference on May 18-19, 2022. CFO Dave Wood will host one-on-one meetings with investors during this event. The company is set to release its fiscal 2022 fourth quarter and full year results on May 17, 2022, a day before the conference. Investors can access presentation materials on the Agilysys Investor Relations page. With over 40 years in the industry, Agilysys offers comprehensive SaaS and on-premise solutions for various sectors in hospitality.
Agilysys, Inc. (AGYS) will release its fiscal 2022 fourth quarter results after the market closes on May 17, 2022. A conference call will take place at 4:30 p.m. ET to discuss the results, accessible to the public via phone and internet. Agilysys specializes in cloud-native SaaS and on-premise hospitality software, serving various sectors including gaming, hotels, and healthcare. The company emphasizes its commitment to innovation and customer service, supporting major hospitality businesses worldwide.
Agilysys, Inc. (NASDAQ: AGYS) will receive the ISPA Innovate Award for its ResortSuite mobile app at the 2022 ISPA Conference in Las Vegas, occurring from May 2-4. This award, recognizing the app's capabilities in enhancing guest experiences through appointment bookings and profile management, was initially won in 2021 but not formally presented due to COVID. The conference theme, "Stronger Together", reflects the synergy between Agilysys and ResortSuite in delivering efficient hospitality solutions amidst evolving guest expectations fueled by the pandemic.
Agilysys, Inc. (NASDAQ: AGYS), a key provider of SaaS hospitality software, announced that Swire Hotels has implemented its solutions across all properties in Hong Kong, with plans to expand globally. The suite includes Agilysys Seat for venue management, InfoGenesis POS for point-of-sale, and IG OnDemand for contactless ordering. This partnership aims to enhance operational efficiency and guest experiences while promoting sustainability. Initial feedback indicates a decrease in service calls and a significant uptake in in-room dining orders via IG OnDemand, reflecting its positive reception.
Agilysys, Inc. (NASDAQ: AGYS) announced its upcoming Consultants Forum 2022 on May 17-18 at Atlantis Bahamas. This event aims to address pressing challenges in the hospitality industry with a focus on innovative technology solutions. CEO Ramesh Srinivasan will highlight ongoing enhancements and strategic initiatives. The forum will also feature collaborative sessions designed to provide long-term solutions for hoteliers. Agilysys is recognized for its cloud-native SaaS and on-premise solutions that improve guest experiences and operational efficiencies.
The partnership between Agilysys and Zaplox has led to the adoption of a combined contact-free check-in solution by over 40 hotels, resorts, and casinos across North America. This joint offering aims to ease labor shortages while meeting the growing demand for contactless services. The solution integrates Zaplox's mobile key technology with Agilysys' rGuest Express, enhancing the guest experience through a seamless mobile journey. The partnership highlights the strong momentum for digitization in the hospitality sector, particularly in the wake of the pandemic.
Agilysys, Inc. (NASDAQ: AGYS), a leader in hospitality technology, has expanded its partnership with IDeaS, enhancing integration with three Agilysys PMS solutions: Visual One, LMS, and Stay. This integration aims to optimize hotel revenue management, enabling better pricing and forecasting. Agilysys solutions are designed to improve operational efficiency, guest experience, and revenue performance. The collaboration is expected to provide significant benefits for hospitality organizations, enhancing decision-making capabilities through accurate insights and price optimization tools.
Agilysys (NASDAQ: AGYS) announced that The Flying Lark in Grants Pass, OR, has selected its cloud-native solutions for a new gaming, entertainment, and dining venue. The partnership includes Agilysys InfoGenesis POS, IG Flex, IG OnDemand, Agilysys Eatec, and Agilysys Seat, aimed at enhancing guest experiences. The venue features various dining options and a state-of-the-art gaming floor. Agilysys' technology promises streamlined operations and increased revenue opportunities, emphasizing flexibility and ease of integration with third-party applications.