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. reports news as a global hospitality technology provider focused on software and services for hotels, resorts, casinos, cruise lines, restaurants, corporate dining, higher education dining, healthcare facilities, stadiums and related venues. Its recurring updates center on cloud-native and on-premise hospitality systems, including property management, point-of-sale, food and beverage inventory and procurement, payments, spa, golf, loyalty, membership, reservations and guest-engagement modules.
Company news also covers AI-powered product features, customer deployments, payment integrations, strategic partnerships and quarterly operating results. Product announcements frequently describe the Agilysys software ecosystem as a way to connect data and workflows across lodging, dining, gaming, wellness and multi-amenity resort operations.
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The Goldwynn Resort & Residences in Nassau, Bahamas, has partnered with Agilysys (NASDAQ: AGYS) for innovative hospitality technology to enhance guest experiences. The luxury resort, which opened in February 2023, aims to provide exceptional service through advanced property management and point-of-sale systems. Agilysys offers award-winning solutions designed to optimize staff engagement and guest satisfaction, contributing to increased revenue and operational efficiency. This collaboration is expected to set a high standard in the competitive luxury travel market.
Agilysys, a leader in hospitality software solutions, will be participating in the Indian Gaming Tradeshow & Convention from March 27-30 in San Diego. Ryan Carrier, the Director of Tribal Casino Resorts, will discuss the pressing issue of labor shortages in the industry during a notable session titled 'The Labor Crisis: Mastering Recruiting and Retention' on March 28. Carrier emphasizes the role of innovative technology in improving staff engagement and guest experiences. Agilysys' solutions, such as AI-powered self-service kiosks and digital menus, aim to enhance operational efficiency and revenue opportunities for casino operators, addressing current labor challenges effectively.
Agilysys, Inc. (NASDAQ: AGYS) has partnered with Serco Leisure Operating Limited to implement cloud-based hospitality solutions, enhancing guest and employee experiences. The collaboration aims to optimize Return on Experience (ROE), a measure of technology's impact on customer engagement. Agilysys will provide various solutions, including a property management system and booking tools, across Serco's 550-bed estate. This initiative is set to scale globally, as Serco Leisure enhances operations in North America, Asia-Pacific, and the Middle East.
Agilysys, Inc. (NASDAQ: AGYS) has opened registration for its Inspire23 User Conference, scheduled for February 28 - March 2, 2023, at Caesars Palace, Las Vegas. This three-day event aims to assist hospitality organizations in maximizing their Return on Experience (ROE). The conference will include over 60 educational sessions and workshops focused on Agilysys’ software solutions, including Property Management, Point-of-Sale, and Inventory systems. Keynote speaker Erik Qualman will present strategies for effective digital leadership. The event will feature networking opportunities and a golf tournament at Revere Golf Course.
Agilysys, a leader in hospitality software solutions, reported a record third-quarter revenue of $49.9 million, up 26.5% year-over-year. Key highlights include:
- Recurring revenue reached $30.2 million.
- Subscription revenue grew by 28.8%, now comprising 49.8% of total recurring revenue.
- Adjusted EBITDA increased to $8.1 million.
- GAAP EPS was reported at $0.13.
The company raised its fiscal 2023 revenue guidance to between $195 and $198 million, maintaining an adjusted EBITDA margin of over 15%. Investments in innovation and marketing are driving growth in an underserved hospitality sector.