Agilysys Stock Price, News & Analysis

Agilysys (Nasdaq: AGYS) announced updates to its commission-free online reservation solution, rGuest Book, enhancing guest experience and revenue potential. Key features include a Single Itinerary allowing combined bookings of rooms and activities, Unit Booking for selecting specific accommodations, and a rGuest Book for Groups to manage group reservations. Additionally, post-booking amenities can now be offered. These improvements aim to boost operational efficiency and enhance guest satisfaction, further solidifying rGuest Book's position in the hospitality sector.

Agilysys, Inc. (Nasdaq: AGYS) reported a 13% decrease in total net revenue, totaling $36.7 million for the fiscal 2021 third quarter, compared to $42.0 million in the same period last year. Recurring revenues rose to $22.8 million, making up 62.3% of total revenues, driven by an 18.1% year-over-year increase in subscription revenues. Despite a net loss of $(2.5) million, adjusted EBITDA improved to $7.6 million from $3.2 million. The company anticipates flat revenue for Q4 and a decrease in adjusted EBITDA due to increased R&D costs.

Agilysys (Nasdaq: AGYS) announced that the Araceli Hotel & Resort in Orland Park, IL has chosen its cloud-native SaaS solutions, including Stay PMS, rGuest Book, rGuest Express, and InfoGenesis POS. Set to open in mid-2021 with 144 rooms and various amenities, Araceli aims to enhance guest experiences with these integrated solutions. Agilysys's technology will streamline operations, improve guest interactions, and ultimately drive loyalty and revenue. The partnership signals Agilysys's commitment to delivering comprehensive hospitality software solutions.

Agilysys, Inc. (AGYS) will release its fiscal 2021 third-quarter results on January 26, 2021, after market close, followed by a conference call at 4:30 p.m. ET. The call is accessible to the public at 224-357-2393 with conference ID 1973419 or via webcast. Founded over 40 years ago, Agilysys provides cloud-native SaaS and on-premise software solutions for the hospitality industry. It is recognized for its comprehensive offerings like point-of-sale and property management systems, serving major hospitality clients globally to enhance guest experience and operational efficiency.

Agilysys (Nasdaq: AGYS) announced the appointments of Ben Curtis as Managing Director and Matthew Prosser as Senior Sales Director for EMEA. Their roles aim to boost Agilysys' growth in the region. Ben brings 25 years of hospitality experience, recently at Verteda Limited, while Matthew has held senior roles at Verteda and MSL Solutions. Both have previously worked at Agilysys and are expected to leverage their industry connections to enhance business development and customer service as Agilysys strengthens its position in the global hospitality market.

Agilysys (Nasdaq: AGYS) announced an expanded partnership with Win-River Resort & Casino, integrating advanced cloud-native SaaS solutions including rGuest Express for mobile check-in/out, IG OnDemand for contactless food and beverage ordering, and IG KDS for kitchen order management. This collaboration aims to enhance guest experiences, improve operational efficiency, and promote safety through contactless interactions. Win-River can now streamline its guest journey, minimize front desk lines, and capitalize on increased revenue opportunities while maintaining high service standards.

Agilysys (Nasdaq: AGYS) has partnered with the Rochester Institute of Technology (RIT) to implement the InfoGenesis cloud-native POS solutions for their dining and sports facilities. This transition aims to enhance operational efficiency and ensure safety through contactless service options amidst the ongoing pandemic. RIT evaluated multiple vendors before selecting Agilysys for their comprehensive SaaS offerings and continuous innovation. The InfoGenesis POS system is expected to improve revenue opportunities and dining experiences for the 18,600 students and staff at RIT.

Agilysys (Nasdaq: AGYS) has expanded its partnership with Blue Water Resort & Casino by integrating rGuest Express, a cloud-native mobile guest self-service solution. This addition aims to enhance guest experience by enabling contactless check-in/out, thereby reducing lines at the front desk. The solution is part of Blue Water's strategy to ensure safety and streamline operations amid COVID-19. Agilysys continues to innovate with its services to meet hospitality needs, solidifying its position in the industry.