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 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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