Agilysys Stock Price, News & Analysis

Agilysys reported strong financial results for Q1 Fiscal 2023, with total net revenue rising 22.7% to $47.5 million. Recurring revenue reached a record $27.7 million, making up 58.4% of total revenue. Subscription revenue surged 29.5% year-over-year. The company achieved a net income of $2.6 million, or $0.10 per diluted share. Adjusted EBITDA was $6.7 million, slightly down from $6.9 million the previous year. Fiscal 2023 guidance remains at $190 million to $195 million revenue, targeting over 15% adjusted EBITDA.

Agilysys, a leader in hospitality software, has announced that it will release its fiscal 2023 first quarter results on July 26, 2022, after market close. A conference call and webcast will follow at 4:30 p.m. ET that same day, open to the public. Participants can register for the call via the provided link to receive dial-in instructions for live access. Agilysys specializes in cloud-native SaaS and on-premise solutions for various sectors, including hotels and restaurants, enhancing guest loyalty and operational efficiencies.

Agilysys is showcasing 13 customized Hospitality Solution Studios at HITEC Orlando 2022 to enhance Return on Experience (ROE) across diverse venues, extending beyond traditional hospitality. These studios integrate Agilysys’ core systems with Experience Enhancers to boost guest engagement and staff efficiency. Key features include tailored solutions for hotels, resorts, casinos, and more, enabling better management of guest and staff interactions. The initiative aims to solidify Agilysys's role in improving operational effectiveness and driving revenue for various sectors.

Agilysys (NASDAQ: AGYS) will showcase 28 applications designed to enhance staff and guest experiences at HITEC Orlando 2022 (June 27-30). These applications aim to improve Return on Experience (ROE), promoting guest engagement and loyalty. The applications are divided into two collections: Experience Enhancers for Hospitality (18 applications) and Experience Enhancers for Food & Beverage (12 applications). The solutions focus on self-service and mobility, addressing industry demand for improved technology in hospitality management.

Agilysys has achieved Visa Ready certification, ensuring its applications meet Visa's standards for contactless payments. This certification enhances the security of transactions for hospitality clients and their guests by enabling seamless tap-to-pay options. The Agilysys technology, including property management and point-of-sale applications, will fully support Visa's EMV requirements. Agilysys aims to improve the guest experience with faster, secure payment solutions, ultimately helping clients increase revenue.

Agilysys, Inc. (NASDAQ: AGYS) will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022, from 8:00 a.m. to 6:00 p.m. ET. CFO Dave Wood will host one-on-one meetings with investors and analysts, organized directly through the conference.

The company recently released its fiscal 2022 Q4 and full-year results on May 17, 2022. For further details, investor presentation materials and a webcast replay are accessible via the Agilysys Investor Relations page.

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.