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.
Lajitas Golf Resort has implemented 14 Agilysys (AGYS) hospitality software solutions to modernize and connect guest experiences across their 27,000-acre property. The implementation, completed within 48 hours, includes solutions for Property Management, Point-of-Sale, and Golf and Spa operations. The integrated system aims to enhance payment security, enable mobile transactions, improve check-in experiences, and streamline various operational workflows. The resort, known for its top-ranked Black Jack Crossing golf course (#38 Resort Course in USA), chose Agilysys for its ability to unify diverse guest experiences and provide reliable support in their remote location.
Agilysys (NASDAQ: AGYS) reported record Q2 fiscal 2025 results with total revenue up 16.5% to $68.3M. Subscription revenue grew 36.6% year-over-year, representing 60.5% of total recurring revenue. The company achieved a gross margin of 63.3% and Adjusted EBITDA of $12.2M. Net income was $1.4M or $0.05 per diluted share. Following the successful integration of Book4Time and strong sales performance, Agilysys raised its fiscal 2025 guidance to $280M-$285M in revenue with at least 38% subscription revenue growth and 18% Adjusted EBITDA.
Agilysys, Inc. (AGYS), a leading global provider of hospitality software solutions, has announced the release date for its fiscal 2025 second quarter results. The company will disclose its financial performance after market close on Monday, October 28, 2024. Following the release, Agilysys will host a conference call and webcast at 4:30 p.m. ET on the same day.
Both the call and webcast will be open to the public. Participants are required to register for the call using a provided URL. Upon registration, they will receive confirmation emails containing dial-in instructions and unique PIN numbers for call access. The conference can also be accessed via a live webcast on the Agilysys website. An archived version of the webcast will be available for replay approximately two hours after the call concludes.
Agilysys, Inc. (Nasdaq: AGYS) announced that Famous Foods Street Eats at Resorts World Las Vegas has chosen the Agilysys InfoGenesis Point-of-Sale (POS) platform, guest-facing kiosks, and related solutions to improve operational efficiency and dining experiences across 16 culinary stalls. The 24,000 square-foot dining emporium needed greater POS system flexibility to accommodate specific requirements for improving efficiency and satisfaction for both restaurateurs and diners.
The new system allows real-time menu and price changes, dynamic menu display based on operating hours, SMS notifications for order pickup, and segmented kitchen order transmission. The implementation includes 34 IG Kiosks, Agilysys Pay for secure payments, Agilysys Analyze for insights, and Agilysys Kitchen Display System (KDS) for optimized kitchen operations. The system also enables flexible payment options, including player points redemption and room charges.
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.