Agilysys Stock Price, News & Analysis

The Goldwynn Resort & Residences in Nassau, Bahamas, has partnered with Agilysys (NASDAQ: AGYS) for innovative hospitality technology to enhance guest experiences. The luxury resort, which opened in February 2023, aims to provide exceptional service through advanced property management and point-of-sale systems. Agilysys offers award-winning solutions designed to optimize staff engagement and guest satisfaction, contributing to increased revenue and operational efficiency. This collaboration is expected to set a high standard in the competitive luxury travel market.

Agilysys, a leader in hospitality software solutions, will be participating in the Indian Gaming Tradeshow & Convention from March 27-30 in San Diego. Ryan Carrier, the Director of Tribal Casino Resorts, will discuss the pressing issue of labor shortages in the industry during a notable session titled 'The Labor Crisis: Mastering Recruiting and Retention' on March 28. Carrier emphasizes the role of innovative technology in improving staff engagement and guest experiences. Agilysys' solutions, such as AI-powered self-service kiosks and digital menus, aim to enhance operational efficiency and revenue opportunities for casino operators, addressing current labor challenges effectively.

Agilysys, Inc. (NASDAQ: AGYS) has partnered with Serco Leisure Operating Limited to implement cloud-based hospitality solutions, enhancing guest and employee experiences. The collaboration aims to optimize Return on Experience (ROE), a measure of technology's impact on customer engagement. Agilysys will provide various solutions, including a property management system and booking tools, across Serco's 550-bed estate. This initiative is set to scale globally, as Serco Leisure enhances operations in North America, Asia-Pacific, and the Middle East.

Agilysys, Inc. (NASDAQ: AGYS) has opened registration for its Inspire23 User Conference, scheduled for February 28 - March 2, 2023, at Caesars Palace, Las Vegas. This three-day event aims to assist hospitality organizations in maximizing their Return on Experience (ROE). The conference will include over 60 educational sessions and workshops focused on Agilysys’ software solutions, including Property Management, Point-of-Sale, and Inventory systems. Keynote speaker Erik Qualman will present strategies for effective digital leadership. The event will feature networking opportunities and a golf tournament at Revere Golf Course.

Agilysys, a leader in hospitality software solutions, reported a record third-quarter revenue of $49.9 million, up 26.5% year-over-year. Key highlights include:

• Recurring revenue reached $30.2 million.
• Subscription revenue grew by 28.8%, now comprising 49.8% of total recurring revenue.
• Adjusted EBITDA increased to $8.1 million.
• GAAP EPS was reported at $0.13.

The company raised its fiscal 2023 revenue guidance to between $195 and $198 million, maintaining an adjusted EBITDA margin of over 15%. Investments in innovation and marketing are driving growth in an underserved hospitality sector.

Agilysys, Inc. (NASDAQ: AGYS) has won two prestigious awards from the Business Intelligence Group for its innovative hospitality solutions. The company received the 2022 BIG Award for Business for Agilysys Versa, a property management system known for its user-friendly interface and seamless guest services. Additionally, the 2023 BIG Innovation Award was awarded to the Agilysys PanOptic Kiosk, recognized for its frictionless self-service checkout capabilities. These accolades highlight Agilysys' commitment to enhancing guest and staff experiences within the hospitality industry.

Agilysys, Inc. (AGYS) announced it will release its fiscal 2023 third quarter results on January 24, 2023, post-market. The company will host a conference call at 4:30 p.m. ET, which is accessible to the public. Participants can register for the call and receive dial-in instructions via the provided link. Agilysys continues to innovate in hospitality technology, focusing on solutions that enhance guest experiences and business profitability.

Agilysys, Inc. (NASDAQ: AGYS) has entered an agreement with Marriott International, Inc. (NASDAQ: MAR) to implement its cloud-native property management system (PMS) in Marriott's hotels across the U.S. and Canada. The partnership aims to replace existing proprietary systems, enhancing operations and guest experiences. Agilysys emphasizes its focus on hospitality innovation and modular solutions, which cater to diverse hotel types. CEO Ramesh Srinivasan noted this collaboration reflects Agilysys' dedication to R&D, aligning with Marriott's goal of improving associate and guest satisfaction.