Welcome to our dedicated page for Agilysys news (Ticker: AGYS), a resource for investors and traders seeking the latest updates and insights on Agilysys stock.
Agilysys, Inc. reports news as a global hospitality technology provider focused on software and services for hotels, resorts, casinos, cruise lines, restaurants, corporate dining, higher education dining, healthcare facilities, stadiums and related venues. Its recurring updates center on cloud-native and on-premise hospitality systems, including property management, point-of-sale, food and beverage inventory and procurement, payments, spa, golf, loyalty, membership, reservations and guest-engagement modules.
Company news also covers AI-powered product features, customer deployments, payment integrations, strategic partnerships and quarterly operating results. Product announcements frequently describe the Agilysys software ecosystem as a way to connect data and workflows across lodging, dining, gaming, wellness and multi-amenity resort operations.
Agilysys (AGYS) reported a 15.6% decline in total net revenue for Q2 FY2021, totaling $34.4 million, down from $40.7 million in the same period last year. Despite this, recurring revenues rose to $22.3 million, representing 64.9% of total revenue, with subscription revenues increasing 23.9% year over year. The company achieved a net income of $5.3 million ($0.22 per diluted share), compared to a net loss of $(2.9) million a year prior. Adjusted EBITDA reached a record $8.6 million. The company anticipates modest revenue growth of 5% in Q3.
Agilysys (Nasdaq: AGYS) announced its expanded partnership with El Conquistador Resort in Puerto Rico, enhancing golf course management through Agilysys Golf. This on-premise solution integrates seamlessly with their existing Agilysys Visual One PMS and InfoGenesis POS systems, enabling streamlined operations and personalized player experiences. The resort is also investing over $175 million to upgrade facilities, enhancing guest experiences amidst picturesque surroundings.
Agilysys, a leader in hospitality software solutions, will release its fiscal 2021 second quarter results after market close on October 27, 2020. A conference call will be held at 4:30 p.m. ET, accessible to the general public via phone or online. Agilysys specializes in innovative technology for the hospitality industry, serving sectors like gaming, hotels, and healthcare. It has established a strong market presence with comprehensive software solutions, driving guest loyalty and operational efficiencies.
Agilysys (Nasdaq: AGYS) has extended its partnership with Shift4 Payments to enhance the integrated payment solutions offered to hospitality operators. This partnership aims to streamline the guest journey by connecting all payment aspects from reservations to check-out. The collaboration includes Agilysys Pay, which enables secure payment processing and validates EMV payment technology. The integration of Shift4’s end-to-end payment solution with Agilysys’ services enhances operational efficiency and guest experience across various hospitality settings.
Agilysys (Nasdaq: AGYS) announces an expanded partnership with Caesars Entertainment - UK, implementing its contactless food and beverage ordering solution, IG OnDemand, at seven locations. This integration addresses touchless ordering challenges while promoting social distancing. Key benefits include enhanced guest experience, increased revenue opportunities, and real-time menu updates. The partnership will optimize operations and improve guest service, contributing to Caesars' commitment to safety and efficiency.