Agilysys Stock Price, News & Analysis

Agilysys (Nasdaq: AGYS) announced that Town Hall Hotel in London has selected its advanced software solutions, including Agilysys Stay PMS and rGuest Express. The partnership aims to enhance guest experience by streamlining operations and improving staff training. The integrated suite is designed to provide a unified view of guest preferences and optimize operational efficiency. General Manager Lizzy Kelk highlighted the importance of a trusted partner for their technology investment. The collaboration is set to drive innovation and support future growth for the hotel.

Agilysys, a leader in hospitality software solutions, reported fiscal 2022 Q1 results with net revenue of $38.7 million, up from $29.8 million a year earlier. Recurring revenues were $23.2 million, accounting for 59.9% of total revenue. Subscription revenues rose 33.2% year-over-year. Gross margin improved to 64.2%. The company achieved net income of $1.5 million compared to a net loss of $(1.7 million) in the previous year. Adjusted EBITDA was $6.9 million. Agilysys maintains a full-year revenue guidance of $160 to $170 million.

Agilysys, Inc. (Nasdaq: AGYS) announced the appointment of Justin Reynolds as Senior Director of Sales for Australia and New Zealand. With over 35 years of experience in international hospitality software, Reynolds previously led InfoGenesis Australia, making significant contributions to the development of POS solutions in the region. His expertise is expected to enhance Agilysys's growth in the global hospitality market as the company strengthens its presence.

Agilysys, Inc. (Nasdaq: AGYS) announces its virtual event 'Agilysys - Next Generation Hospitality' set for July 27-29, 2021. This three-day event will showcase Agilysys' extensive guest experience solutions, emphasizing their modern cloud-native technology. Attendees will gain insights into product innovations and strategies aimed at enhancing the guest journey. The CEO, Ramesh Srinivasan, highlights a focus on customer-centric solutions developed over four years of investment in technology and product enhancements, promising valuable discussions on industry advancements.

Agilysys, Inc. (AGYS) announced it will disclose its fiscal 2022 Q1 results on July 27, 2021, after market close. A conference call will follow at 4:30 p.m. ET, accessible to the public via a dedicated phone number or through a live webcast. Agilysys, recognized for its leadership in hospitality software for over 40 years, provides innovative SaaS and on-premise solutions for diverse sectors including hotels, restaurants, and healthcare. The company aims to enhance guest experiences and boost operational efficiency.

Agilysys (Nasdaq: AGYS) has announced the successful implementation of its InfoGenesis and IG Flex SaaS point-of-sale solutions at La Valencia Hotel, La Jolla, CA. This partnership aims to enhance operational efficiency and guest service in food and beverage operations. The cloud-based InfoGenesis POS system offers flexible reporting and multi-language support, while IG Flex delivers mobile point-of-sale functionality. Agilysys Pay Connect enables secure payment processing. This collaboration is expected to boost guest experience and revenue-generating opportunities for the hotel.

Agilysys, a leader in cloud-native hospitality software, announced that Manor Vail Lodge in Colorado has selected its InfoGenesis POS system, including IG Flex for mobile POS, IG OnDemand for self-service ordering, and Agilysys Pay Connect for secure payments. This partnership aims to enhance the guest experience and boost revenue through modern, user-friendly solutions. The InfoGenesis system is recognized for its robust reporting and multi-device support, while IG OnDemand enables contactless ordering, improving service efficiency and guest satisfaction.

Agilysys, Inc. (Nasdaq: AGYS) announced an expanded partnership with Halepuna Waikiki by Halekulani, incorporating its cloud-native SaaS food and beverage ordering solution, IG OnDemand. This addition aims to enhance health and safety measures amid COVID-19, allowing guests to order and pay through their devices, thus promoting social distancing. Julie Arigo, the hotel’s GM, emphasized that IG OnDemand will improve guest experience while optimizing operations. Agilysys continues to provide innovative solutions to the hospitality industry, enhancing service efficiency and guest safety.

Agilysys, Inc. (Nasdaq: AGYS) reported a fiscal 2021 fourth quarter net revenue of $36.3 million, an 8% decrease from $39.7 million in the prior year. Recurring revenues increased to $22.9 million, representing 63.1% of total revenue. The company reported a net loss of $(24.7) million, or $(1.05) per diluted share, but improved adjusted diluted EPS to $0.21 from $0.05. Free cash flow rose to $13.0 million, with an ending cash balance of $99.2 million. Agilysys anticipates fiscal 2022 revenue between $160-$170 million, signaling a growth of 16-24% over fiscal 2021.