Agilysys Stock Price, News & Analysis

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.

Agilysys (AGYS) reported record recurring revenue of $25.1M for Q3 fiscal 2022, driven by a 25% year-over-year subscription revenue increase to $11.7M. Total net revenue reached $39.5M, up from $36.7M in Q3 fiscal 2021. The company achieved a positive GAAP EPS of $0.04 and a free cash flow of $9.9M. Although gross margin decreased to 62.6%, Agilysys expects record revenue in Q4 and maintains full-year guidance at the low end. The recent acquisition of ResortSuite is progressing favorably amid ongoing supply chain challenges.

Agilysys, Inc. (AGYS) will announce its fiscal 2022 third quarter results on January 25, 2022, after market close. A conference call and webcast will follow at 4:30 p.m. ET, accessible to the public. The call can be joined by dialing 224-357-2393 with conference ID 1964765. Agilysys, a leader in hospitality software for over 40 years, provides cloud-native and on-premise solutions aimed at enhancing guest experiences across various sectors, including gaming and healthcare. The company continues to invest in R&D to modernize its software offerings.

Agilysys (NASDAQ: AGYS) announced an agreement to acquire ResortSuite for approximately 25 million USD in cash, expected to close in January 2022. This acquisition enhances Agilysys’ market presence in the hotel property management sector and aims to provide next-generation SaaS solutions to ResortSuite’s customers. The collaboration is set to deliver integrated hotel management systems and contactless technology to the hospitality industry, benefiting from both companies' expertise and shared commitment to improving guest experiences.