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. (AGYS) delivers innovative hospitality technology solutions for hotels, resorts, and gaming venues worldwide. This page provides authorized updates on corporate developments, financial performance, and product innovations directly from the company and trusted industry sources.
Investors and industry professionals will discover timely announcements including quarterly earnings results, strategic partnerships, and software platform enhancements. Our curated feed includes press releases about new property management features, customer success stories, and leadership updates relevant to the hospitality technology sector.
Key updates cover Agilysys' core solutions, cloud-based platform expansions, and operational improvements for venues using their POS, inventory management, and guest experience systems. Bookmark this page to monitor how AGYS continues shaping digital transformation in hospitality through its enterprise software solutions.
Agilysys (Nasdaq: AGYS), a leading provider of hospitality software solutions, will participate in the 19th Annual Needham Technology, Media & Consumer Conference in New York City from May 14-16, 2024. May 14-15 will be in-person, while May 16 will be virtual. Chief Financial Officer Dave Wood will host one-on-one meetings with investors and analysts and participate in a fireside chat on May 15. Agilysys released its fiscal 2024 Q4 and full-year results on May 13, 2024. Presentation materials and the earnings call replay are available on the Agilysys Investor Relations webpage.
Agilysys reported record revenues for fiscal 2024, with Q4 revenue at $62.2M, up 17.6% YoY, and annual revenue at $237.5M, up 19.9% YoY. Recurring revenue was $138.1M, with subscription revenue growing by 29.6%. Adjusted EBITDA for the year was $37.1M, and free cash flow was $40.1M. Net income for Q4 was $3.0M or $0.11 per share, down from $3.6M in the prior year, while full-year net income was $85.0M or $3.17 per share, up from $12.7M. Gross margin for Q4 was 61.5%. The company anticipates fiscal 2025 revenue of $275M-$280M, with adjusted EBITDA at 16% of revenue.
Agilysys, Inc. (NASDAQ: AGYS) announced that Marriott International has approved their cloud-native InfoGenesis® Point-of-Sale platform for use in their properties across the U.S. and Canada. This platform will be available in Marriott's Luxury, Premium, and Select tiers, providing efficiency, flexibility, and convenience for operators and guests.
Agilysys, Inc. (NASDAQ: AGYS) will report its fiscal 2024 fourth quarter results on May 13, 2024, and host a conference call and webcast. The call is open to the public, with registration required. Participants can listen to the call live online and access the archived version later.
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