Agilysys Stock Price, News & Analysis

Agilysys, Inc. (Nasdaq: AGYS) announced that its AI-powered solution, guestsense.ai, has won the Gaming and Technology Gold Award 2025 for Best Productivity-Enhancing Technology at Global Gaming Expo (G2E) 2024. The award recognizes the new capabilities in Agilysys Spa, which leverages AI to optimize appointments, pricing, and revenue management in casino and gaming properties.

Frank Pitsikalis, Senior VP of Product Strategy, will showcase guestsense.ai's revenue optimization advantages in a presentation titled 'New Era Hospitality: Revenue Beyond The Room' at G2E on October 8th. The AI solution enhances spa operations by optimizing schedules, allocating services, enabling automated concierge conversations, and implementing Spa Minimum Gap Restriction to reduce unsold time blocks.

This award affirms Agilysys' commitment to advancing hospitality technology, improving guest experiences, and optimizing revenue management in the gaming industry.

Agilysys, Inc. (Nasdaq: AGYS) announced new and enhanced software solutions for gaming properties at the upcoming Global Gaming Expo (G2E) 2024. Key highlights include:

1. Enhanced Agent Dashboard in Agilysys LMS Property Management System for tracking and rewarding upsell revenue.
2. New Interactive eCoupon Capability in Agilysys LMS and Loyalty & Promotions for personalized guest incentives.
3. Agilysys Express Kiosk and Mobile enhancements to accelerate guest service and reduce staff workload.
4. Agilysys Guest App updates catering to casino and gaming hotel guests.
5. AI-powered improvements in Agilysys SWS for automated invoicing.
6. Agilysys guestsense.ai powering the Upsell Engine and Spa operations.

These innovations aim to elevate guest service, alleviate staff stress, and streamline operations in gaming properties.

Agilysys (Nasdaq: AGYS) has acquired Book4Time, the global leader in spa management SaaS software, for approximately $150 million USD. This strategic acquisition extends Agilysys' global presence, consolidates its market leadership in spa management software, and creates further subscription revenue growth opportunities. Book4Time serves more Forbes 5-Star-rated spas than any other solution and operates in over 100 countries.

The acquisition allows Agilysys to increase its solutions-per-customer penetration globally. Book4Time's platform helps improve revenue, operational efficiency, and capacity utilization for spa operations. The deal combines Agilysys' technology innovation strengths with Book4Time's expertise, potentially delivering enhanced value to clients in the hospitality industry.

Agilysys (Nasdaq: AGYS) has appointed Joe Youssef as Senior Vice President, Sales, Americas and EMEA and Chief Commercial Officer, effective August 19, 2024. Youssef, a veteran with 18 years at Amadeus, replaces Don DeMarinis, who is retiring after six years with the company. Under DeMarinis' leadership, Agilysys' annual revenue grew from $127.4 million in FY2018 to $237.5 million in FY2024, with record growth for 10 consecutive quarters.

Youssef's extensive experience includes leadership roles in various markets and solution verticals at Amadeus, where he drove double-digit growth and deep customer engagement. Agilysys CEO Ramesh Srinivasan expressed confidence in Youssef's ability to help the company achieve its next level of business performance, citing his proven leadership skills and insights on accelerating market adoption of hospitality innovations.

Agilysys (NASDAQ: AGYS) reported record revenue of $63.5 million for Q1 fiscal 2025, a 13.3% increase year-over-year. Highlights include:

- Subscription revenue growth of 32.0%
- Recurring revenue at 59.9% of total net revenue
- Net income of $14.1 million, or $0.50 per diluted share
- Adjusted EBITDA of $12.1 million, 19% of revenue
- Adjusted EPS of $0.30

The company expects full-year fiscal 2025 revenue between $275-$280 million, with over 27% subscription revenue growth. Adjusted EBITDA is projected at 16% of revenue for the full fiscal year.

Agilysys (AGYS), a global leader in hospitality software solutions, will release its fiscal 2025 first quarter results on July 22, 2024, after market close.

The company will also host a public conference call and webcast at 4:30 p.m. ET the same day. Participants can register for the event online and will receive a unique PIN for access.

The webcast will be available for replay approximately two hours after the event concludes. Investors and interested parties can find more information on the event and access the call through Agilysys' investor relations website.

Agilysys has unveiled multiple hospitality software innovations, many powered by AI, to boost revenue and cut costs. These innovations will be showcased at HITEC 2024 from June 25-27 in Charlotte, NC. Key features include the Guestsense.ai technology for optimizing revenue management across PMS, POS, and other hospitality solutions. InfoGenesis (v24), an omnichannel POS platform, is now available, offering robust offline capabilities and secure transactions. The new IG Fly mobile POS system allows staff to manage orders and payments efficiently. Additionally, the Agilysys Guest App provides a unified mobile hub for guests to book experiences and access special offers, enhancing the overall guest experience and revenue opportunities.

Agilysys, a global provider of hospitality software solutions, announced the latest version of its Agilysys Golf Platform will be showcased at HITEC 2024, from June 24-27 at the Charlotte Convention Center. The platform is used by 13 of the top 20 U.S. resort courses and includes features such as commission-free booking, dynamic pricing, membership management, marketing automation, and a revenue-optimized tee sheet. It can operate independently or integrate with Agilysys PMS and POS systems to enhance data sharing and user experience across various amenities.

Agilysys, a hospitality software solutions provider, announces two speaking sessions at the upcoming HFTP HITEC and HITEC IC events in June 2024. On June 25th, SVP Frank Pitsikalis will address 'Revenue Beyond The Room,' focusing on maximizing property revenue through advanced technologies. CEO Ramesh Srinivasan will present 'The Agilysys Turnaround Story' on June 27th, detailing the company's transformation from 2017 to 2024. The sessions aim to highlight innovative strategies and the company's impressive market capitalization growth.