Agilysys Stock Price, News & Analysis

Agilysys has partnered with Morongo Casino Resort and Spa to implement self-service kiosk technology for dining. This innovation allows guests to make dining reservations and payments at any time, addressing staffing shortages and enhancing guest experiences. With this technology, Morongo has reported an increase in food and beverage revenue by improving service efficiency and decreasing wait times. Moreover, the integration of data analytics enables better understanding of guest spending patterns, further optimizing revenue opportunities for the casino.

Agilysys is set to showcase innovative technology solutions for the hospitality industry during the Global Gaming Expo (G2E) on October 11. This follows the gaming sector's forecasted revenue increase to $876 billion in 2022, up from $747.9 billion. The event will address staffing challenges faced by properties and demonstrate mobile and kiosk-based software to enhance guest experience and boost revenue. CEO Ramesh Srinivasan emphasizes the importance of optimizing experiences to maintain guest satisfaction.

Agilysys has been shortlisted for three categories at the UK Business Tech Awards 2022, highlighting its role in hospitality technology. The categories include Property Tech of the Year, SaaS Company of the Year, and Tech Company of the Year for medium-sized firms. This recognition underscores the significance of hospitality technology in the UK's tech landscape. With travel returning, Agilysys aims to enhance guest experiences through its comprehensive Agilysys Hospitality Cloud, providing tailored solutions for hospitality operators.

Agilysys announces the implementation of eight solutions to enhance the Return on Experience across various operations, including casinos and hotels. Amid staff shortages, 97% of hotel properties report challenges, with 90% now offering wage incentives. Notably, Prairie Meadows Casino is leveraging Agilysys solutions to streamline processes and improve guest satisfaction driven by a community-focused business model. The deployment of core solutions like property management and point-of-sale systems aims to elevate operational efficiencies and guest experiences.

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.