Agilysys raises FY2027 revenue outlook to $374M–$378M
Fiscal 2027 guidance now calls for $374 million to $378 million in revenue and subscription growth of at least 34%.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Agilysys reported fiscal 2027 second-quarter net revenue of $93.4 million for the quarter ended September 30, 2026, up 17.7% from $79.3 million a year earlier. Recurring revenue, comprising subscription and maintenance charges, was $62.2 million, or 66.6% of net revenue; subscription revenue grew 32.6% year over year. Gross margin was 64.6%, compared with 61.7%.
Net income was $13.2 million, or $0.46 per diluted share, versus $11.7 million and $0.41. Adjusted EBITDA, a non-GAAP measure, was $24.1 million compared with $16.4 million; adjusted diluted EPS was $0.67 versus $0.40. Free cash flow was $14.8 million, compared with $15.0 million.
Agilysys raised fiscal 2027 total revenue guidance to $374 million to $378 million. It raised subscription revenue growth guidance from at least 32% to at least 34% year over year and its Adjusted EBITDA expectation from 24% to 25% of revenue. Management said one-time product revenue was higher than expected and cited sustained sales demand and project implementation velocity.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.Fiscal 2027 revenue guidance is $374 million to $378 million.
- Moderate pointQuarterly revenue rose 17.7% to $93.4 million.
- Moderate pointSubscription revenue grew 32.6% year over year.
- Moderate pointQuarterly adjusted EBITDA was $24.1 million, versus $16.4 million.
Negative
- None.
Filing Explained
For the six months ended
8-K Event Classification
Key Figures
Key Terms
Recurring revenue financial
Adjusted EBITDA financial
Free cash flow financial
cloud-native technical
Earnings Snapshot
For fiscal 2027, Agilysys expects total revenue of $374 million to $378 million, subscription revenue growth of at least 34% year over year, and Adjusted EBITDA of 25% of revenue.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much revenue did AGYS report in fiscal 2027 Q2?
What is AGYS's updated fiscal 2027 guidance?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of Registrant as Specified in Its Charter)
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(Commission File Number) |
(IRS Employer Identification No.) |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On October 26, 2026, Agilysys, Inc. issued a press release announcing its results for fiscal 2027 second quarter. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
The information contained in this report as well as in Exhibit 99.1 is furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference in any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
Exhibit Number |
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Description |
99.1 |
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Press release issued by Agilysys, Inc. dated October 26, 2026, announcing its results for the second quarter and period ended September 30, 2026. |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Company Name |
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Date: October 26, 2026 |
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By: |
/s/ William David Wood III |
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William David Wood III |
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Chief Financial Officer |
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(Principal Financial Officer) |
Exhibit 99.1
AGILYSYS ANNOUNCES RECORD REVENUE OF $93.4M IN FISCAL 2027 SECOND QUARTER
Inclusive of Subscription Revenue Growth of 32.6% and
Quarter Adjusted EBITDA of 25.9%
Raises Full-Year Fiscal 2027 Guidance Levels: Total Revenue Range to $374M to $378M and
Subscription Revenue Growth to At Least 34%
ALPHARETTA, GA – October 26, 2026 - Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions and services, today reported results for its fiscal 2027 second quarter ending September 30, 2026.
Summary of Fiscal 2027 Second Quarter Financial Results
Ramesh Srinivasan, President and CEO of Agilysys, commented, “Revenue was a record $93.4 million during Q2 Fiscal 2027, the 19th consecutive record revenue quarter, driven by subscription growth of 32.6%.
Q2 Fiscal 2027 one-time product revenue was higher than expected as the hospitality industry continues to increase its investments in modern point of sale (POS) technology solutions. The industry also continues to move forward in earnest to implement the modern, cloud-native ecosystem of software solutions that allows them to improve operational efficiencies and deliver great guest experiences. Q2 Fiscal 2027 was yet another record sales quarter, the best ever Q2 July to September sales period, keeping total backlog at record levels despite strong implementation and delivery results.
The business continues to grow ahead of our previous expectations. As a result, we are once again raising full fiscal year total annual revenue guidance to now be in the range of $374 million to $378 million, driven among other things, by an increase in subscription revenue growth, now expected to increase by at least 34% year over year. We expect full fiscal year Adjusted EBITDA to be 25% of revenue, higher than the prior expectation of 24%,” Srinivasan concluded.
Fiscal 2027 Outlook
The Company is raising full year subscription revenue growth guidance of at least 32% year-over-year to at least 34% and full year fiscal 2027 total revenue to be $374 million to $378 million. Adjusted EBITDA expectations are also increasing to 25% of revenue for the full fiscal year.
Dave Wood, Chief Financial Officer, commented, “The second quarter of the fiscal year has continued to yield strong results. The teams are continuing to execute at elevated levels across the board, driven by a sustained high level of sales demand
and project implementation velocity. We are pleased to be in a position once again to increase our full year expectations as a result of this continued momentum. The company is well positioned to continue to execute against the current forecasted plan during the second half of the fiscal year.”
2027 Second Quarter Conference Call and Webcast
Agilysys is hosting a conference call and webcast today, October 26, 2026, at 4:30 p.m. ET. Both the call and the webcast are open to the public. Interested parties can register for the call at https://register-conf.media-server.com/register/BIac8a5e2d79e747db9c282b61d3c6416b. After registration, an email confirmation with a personalized PIN will be provided along with further access details. Please plan to register 15 minutes prior to the presentation to receive confirmation and further instruction in a timely manner.
Interested parties can also access the conference call live through the Events and Presentations section of the Investor Relations page of Agilysys.com. Approximately two hours after the call has concluded, an archived version of the webcast will be available for replay at the same location.
Forward-Looking Language
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “outlook,” “forecast,” “preliminary,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “would,” “could,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, our revenue, subscription revenue and Adjusted EBITDA guidance for the 2027 fiscal year.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated herein and in other filings and statements include, among others, the impact macroeconomic factors may have on the overall business environment, our ability to achieve our fiscal 2027 guidance, maintaining sales momentum, the company's ability to convert the backlog into revenue, and the Risk Factors described in the Company’s filings with the Securities and Exchange Commission, including the Company’s reports on Form 10-K and Form 10-Q. Additionally, references to "record" financial and business levels in this document refer only to the time period after Agilysys made the transformation to an entirely hospitality focused software solutions company in FY2014.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement that may be made from time to time, whether written or oral, whether as a result of new information, future developments or otherwise.
Use of Non-GAAP Financial Information
To supplement the unaudited consolidated financial statements presented in accordance with U.S. GAAP in this press release, certain non-GAAP financial measures as defined by the SEC rules are used. These non-GAAP financial measures include EBITDA, Adjusted EBITDA, adjusted net income, adjusted basic earnings per share, adjusted diluted earnings per share and free cash flow. Management believes that such information can enhance investors’ understanding of the Company’s ongoing operations.
The Company has included the following non-GAAP financial measures in this press release: adjusted net income, adjusted basic earnings per share and adjusted diluted earnings per share. The Company believes these non-GAAP financial measures provide valuable insight into the Company’s overall profitability from core operations before certain non-cash and non-recurring charges. The Company defines adjusted net income as net income before amortization expense (including amortization of developed technology), share-based compensation, other (gains) and charges, net, and legal settlements, less the related income tax effect of these adjustments, as applicable, at the Company's current combined federal and state income statutory tax rate and tax events as defined in the accompanying tables and defines adjusted earnings per share as adjusted net income divided by basic and diluted weighted average shares outstanding.
See the accompanying tables below for the definitions and reconciliation of these non-GAAP measures to the most closely related GAAP measures.
About Agilysys
Agilysys delivers state-of-the-art software and services built exclusively for hospitality, helping organizations go beyond traditional property management (PMS), point-of-sale (POS), and food and beverage inventory and procurement systems. Its best-in-class solutions operate independently or as a unified ecosystem that connects data and workflows across an operation, property or enterprise. Powered by intelligent guest profiles, data-driven capabilities, and embedded artificial intelligence (AI), Agilysys is architected on a unified data model with a single set of APIs that create shared operational memory across all systems, enabling guest-specific insights to be acted on in real time at any touchpoint. Agilysys delivers advantage through pace and integration, transforming hospitality technology from a system of record into a system of action that accelerates innovation and the rapid delivery of new capabilities. Agilysys serves a 100% hospitality customer base, including hotels and resorts, casinos, cruise lines, corporate and campus dining, healthcare, senior living, and entertainment venues worldwide. Agilysys operates across the Americas, Europe, the Middle East, Africa, Asia-Pacific, and India with headquarters located in Alpharetta, GA. For more information visit Agilysys.com.
# # #
Investor Contact:
Jessica Hennessy
Vice President Investor Relations & Operations
Agilysys, Inc.
770-810-6116 or investorrelations@agilysys.com
- Financial tables follow -
AGILYSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
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Three Months Ended |
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Six Months Ended |
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(In thousands, except per share data) |
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2026 |
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2025 |
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2026 |
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2025 |
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Net revenue: |
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Subscription and maintenance |
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$ |
62,160 |
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$ |
50,955 |
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$ |
119,902 |
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$ |
99,579 |
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Professional services |
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19,210 |
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18,249 |
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38,803 |
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36,347 |
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Products |
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11,990 |
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10,095 |
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22,333 |
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20,050 |
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Total net revenue |
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93,360 |
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79,299 |
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181,038 |
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155,976 |
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Cost of goods sold: |
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Subscription and maintenance |
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12,614 |
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10,850 |
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25,340 |
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20,833 |
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Professional services |
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13,267 |
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13,445 |
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25,928 |
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26,645 |
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Products |
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7,172 |
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6,037 |
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13,805 |
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12,236 |
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Total cost of goods sold |
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33,053 |
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30,332 |
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65,073 |
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59,714 |
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Gross profit |
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60,307 |
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48,967 |
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115,965 |
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96,262 |
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Gross profit margin |
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64.6 |
% |
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61.7 |
% |
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64.1 |
% |
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61.7 |
% |
Operating expenses: |
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Product development |
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19,846 |
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17,825 |
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40,091 |
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35,280 |
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Sales and marketing |
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11,479 |
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9,781 |
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23,675 |
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21,574 |
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General and administrative |
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11,294 |
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10,164 |
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22,404 |
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20,920 |
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Depreciation of fixed assets |
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849 |
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964 |
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1,675 |
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1,908 |
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Amortization of internal-use software and intangibles |
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1,421 |
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1,432 |
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2,848 |
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2,890 |
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Other (gains) charges, net |
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170 |
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(5,456 |
) |
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287 |
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(5,203 |
) |
Legal settlements, net |
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— |
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110 |
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— |
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225 |
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Total operating expense |
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45,059 |
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34,820 |
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90,980 |
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77,594 |
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Operating income |
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15,248 |
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14,147 |
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24,985 |
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18,668 |
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Other income (expense): |
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Interest income |
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1,066 |
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346 |
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2,056 |
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793 |
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Interest expense |
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(73 |
) |
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(56 |
) |
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(142 |
) |
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(273 |
) |
Other income (expense), net |
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501 |
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1,274 |
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654 |
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1,372 |
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Income before taxes |
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16,742 |
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15,711 |
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27,553 |
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20,560 |
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Income tax provision |
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3,565 |
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4,001 |
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5,384 |
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3,960 |
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Net income |
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$ |
13,177 |
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$ |
11,710 |
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$ |
22,169 |
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$ |
16,600 |
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Weighted average shares outstanding - basic |
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28,142 |
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27,882 |
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28,122 |
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27,838 |
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Net income per share - basic: |
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$ |
0.47 |
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$ |
0.42 |
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$ |
0.79 |
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$ |
0.60 |
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Weighted average shares outstanding - diluted |
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28,577 |
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28,397 |
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28,500 |
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28,348 |
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Net income per share - diluted: |
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$ |
0.46 |
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$ |
0.41 |
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$ |
0.78 |
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$ |
0.59 |
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AGILYSYS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
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(In thousands, except share data) |
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September 30, |
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March 31, |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
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$ |
137,558 |
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$ |
116,894 |
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Accounts receivable, net of allowance for expected credit losses |
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41,108 |
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43,069 |
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Contract assets |
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5,969 |
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4,438 |
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Inventories |
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10,445 |
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7,529 |
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Prepaid expenses and other current assets |
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12,417 |
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12,201 |
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Total current assets |
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207,497 |
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184,131 |
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Property and equipment, net |
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13,048 |
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13,950 |
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Operating lease right-of-use assets |
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12,381 |
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13,823 |
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Goodwill |
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132,372 |
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133,908 |
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Intangible assets, net |
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63,379 |
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66,359 |
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Deferred income taxes, non-current |
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54,787 |
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58,069 |
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Other non-current assets |
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12,014 |
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11,288 |
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Total assets |
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$ |
495,478 |
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$ |
481,528 |
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LIABILITIES AND SHAREHOLDERS' EQUITY |
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Current liabilities: |
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Accounts payable |
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$ |
15,331 |
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$ |
12,445 |
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Contract liabilities |
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69,639 |
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83,009 |
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Accrued liabilities |
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18,333 |
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24,333 |
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Operating lease liabilities, current |
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5,099 |
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|
5,323 |
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Total current liabilities |
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108,402 |
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|
125,110 |
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Deferred income taxes, non-current |
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|
10,189 |
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|
10,144 |
|
Operating lease liabilities, non-current |
|
|
12,120 |
|
|
|
13,721 |
|
Other non-current liabilities |
|
|
7,034 |
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|
|
5,762 |
|
Commitments and contingencies |
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Shareholders' equity: |
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Common shares, without par value, at $0.30 stated value; 80,000,000 |
|
|
10,003 |
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|
|
10,003 |
|
Treasury shares, 5,126,816 and 5,175,810 at September 30, 2026 |
|
|
(1,539 |
) |
|
|
(1,554 |
) |
Capital in excess of stated value |
|
|
143,883 |
|
|
|
131,632 |
|
Retained earnings |
|
|
221,940 |
|
|
|
199,771 |
|
Accumulated other comprehensive loss |
|
|
(16,554 |
) |
|
|
(13,061 |
) |
Total shareholders' equity |
|
|
357,733 |
|
|
|
326,791 |
|
Total liabilities and shareholders' equity |
|
$ |
495,478 |
|
|
$ |
481,528 |
|
AGILYSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
|
|
Six Months Ended |
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|||||
|
|
September 30, |
|
|||||
(In thousands) |
|
2026 |
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2025 |
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||
|
|
|
|
|
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Operating activities |
|
|
|
|
|
|
||
Net income |
|
$ |
22,169 |
|
|
$ |
16,600 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
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|
|
|
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|
||
Loss on asset disposals |
|
|
— |
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|
|
2 |
|
Depreciation of fixed assets |
|
|
1,675 |
|
|
|
1,908 |
|
Amortization of internal-use software and intangibles |
|
|
2,848 |
|
|
|
2,890 |
|
Amortization of developed technology acquired |
|
|
330 |
|
|
|
333 |
|
Deferred income taxes |
|
|
3,222 |
|
|
|
3,188 |
|
Share-based compensation |
|
|
12,281 |
|
|
|
10,029 |
|
Changes in operating assets and liabilities |
|
|
(19,519 |
) |
|
|
(24,083 |
) |
Net cash provided by operating activities |
|
|
23,006 |
|
|
|
10,867 |
|
Investing activities |
|
|
|
|
|
|
||
Cash paid for business combination, net of cash acquired |
|
|
(884 |
) |
|
|
— |
|
Capital expenditures |
|
|
(876 |
) |
|
|
(850 |
) |
Net cash used in investing activities |
|
|
(1,760 |
) |
|
|
(850 |
) |
Financing activities |
|
|
|
|
|
|
||
Debt repayments |
|
|
— |
|
|
|
(24,000 |
) |
Proceeds from Employee Stock Purchase Plan purchases |
|
|
716 |
|
|
|
777 |
|
Repurchase of common shares to satisfy employee tax withholding |
|
|
(1,197 |
) |
|
|
(742 |
) |
Net cash used in financing activities |
|
|
(481 |
) |
|
|
(23,965 |
) |
Effect of exchange rate changes on cash |
|
|
(101 |
) |
|
|
243 |
|
Net increase (decrease) in cash and cash equivalents |
|
|
20,664 |
|
|
|
(13,705 |
) |
Cash and cash equivalents at beginning of period |
|
|
116,894 |
|
|
|
73,041 |
|
Cash and cash equivalents at end of period |
|
$ |
137,558 |
|
|
$ |
59,336 |
|
AGILYSYS, INC.
RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA
(UNAUDITED)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
||||||||||
|
|
September 30, |
|
|
September 30, |
|
||||||||||
(In thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Net income |
|
$ |
13,177 |
|
|
$ |
11,710 |
|
|
$ |
22,169 |
|
|
$ |
16,600 |
|
Income tax provision |
|
|
3,565 |
|
|
|
4,001 |
|
|
|
5,384 |
|
|
|
3,960 |
|
Income before taxes |
|
|
16,742 |
|
|
|
15,711 |
|
|
|
27,553 |
|
|
|
20,560 |
|
Depreciation of fixed assets |
|
|
849 |
|
|
|
964 |
|
|
|
1,675 |
|
|
|
1,908 |
|
Amortization of internal-use software and intangibles |
|
|
1,421 |
|
|
|
1,432 |
|
|
|
2,848 |
|
|
|
2,890 |
|
Amortization of developed technology acquired |
|
|
164 |
|
|
|
167 |
|
|
|
330 |
|
|
|
333 |
|
Interest expense (income), net |
|
|
(993 |
) |
|
|
(290 |
) |
|
|
(1,914 |
) |
|
|
(520 |
) |
EBITDA (a) |
|
|
18,183 |
|
|
|
17,984 |
|
|
|
30,492 |
|
|
|
25,171 |
|
Share-based compensation |
|
|
6,293 |
|
|
|
5,000 |
|
|
|
12,281 |
|
|
|
10,029 |
|
Other (gains) charges, net |
|
|
170 |
|
|
|
(5,456 |
) |
|
|
287 |
|
|
|
(5,203 |
) |
Other non-operating (income) expense, net |
|
|
(501 |
) |
|
|
(1,274 |
) |
|
|
(654 |
) |
|
|
(1,372 |
) |
Legal settlements, net |
|
|
— |
|
|
|
110 |
|
|
|
— |
|
|
|
225 |
|
Adjusted EBITDA (b) |
|
$ |
24,145 |
|
|
$ |
16,364 |
|
|
$ |
42,406 |
|
|
$ |
28,850 |
|
(a) EBITDA, a non-GAAP financial measure, is defined as net income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology)
(b) Adjusted EBITDA, a non-GAAP financial measure, is defined as net income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology), and excluding charges relating to i) share-based compensation, ii) other (gains) and charges, net, iii) other non-operating expense (income), and iv) legal settlements
AGILYSYS, INC.
RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME FOR ADJUSTED EARNINGS PER SHARE
(UNAUDITED)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
||||||||||
|
|
September 30, |
|
|
September 30, |
|
||||||||||
(In thousands, except per share data) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Net income |
|
$ |
13,177 |
|
|
$ |
11,710 |
|
|
$ |
22,169 |
|
|
$ |
16,600 |
|
Amortization of developed technology acquired |
|
|
164 |
|
|
|
167 |
|
|
|
330 |
|
|
|
333 |
|
Amortization of internal-use software and intangibles |
|
|
1,421 |
|
|
|
1,432 |
|
|
|
2,848 |
|
|
|
2,890 |
|
Share-based compensation |
|
|
6,293 |
|
|
|
5,000 |
|
|
|
12,281 |
|
|
|
10,029 |
|
Other (gains) charges, net |
|
|
170 |
|
|
|
(5,456 |
) |
|
|
287 |
|
|
|
(5,203 |
) |
Legal settlements, net |
|
|
— |
|
|
|
110 |
|
|
|
— |
|
|
|
225 |
|
Tax events (a) |
|
|
(213 |
) |
|
|
75 |
|
|
|
(1,077 |
) |
|
|
(950 |
) |
Income tax adjustments |
|
|
(1,901 |
) |
|
|
(1,589 |
) |
|
|
(3,730 |
) |
|
|
(3,192 |
) |
Adjusted net income (b) |
|
$ |
19,111 |
|
|
$ |
11,449 |
|
|
$ |
33,108 |
|
|
$ |
20,732 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic weighted average shares outstanding |
|
|
28,142 |
|
|
|
27,882 |
|
|
|
28,122 |
|
|
|
27,838 |
|
Diluted weighted average shares outstanding |
|
|
28,577 |
|
|
|
28,397 |
|
|
|
28,500 |
|
|
|
28,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Adjusted basic earnings per share (c) |
|
$ |
0.68 |
|
|
$ |
0.41 |
|
|
$ |
1.18 |
|
|
$ |
0.74 |
|
Adjusted diluted earnings per share (c) |
|
$ |
0.67 |
|
|
$ |
0.40 |
|
|
$ |
1.16 |
|
|
$ |
0.73 |
|
(a) Tax events include excess tax benefits or expense related to share-based compensation, release of valuation allowances against deferred income taxes, and changes in uncertain tax positions
(b) Adjusted net income, a non-GAAP financial measure, is defined as net income before amortization expense (including amortization of developed technology), share-based compensation, other (gains) and charges, net, and legal settlements, less the related income tax effect of these adjustments, as applicable, at the Company’s current combined federal and state income statutory tax rate and, as defined under (a) above, tax events
(c) Adjusted earnings per share, a non-GAAP financial measure, is defined as adjusted net income divided by basic and diluted weighted average shares outstanding
AGILYSYS, INC.
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(UNAUDITED)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
||||||||||
|
|
September 30, |
|
|
September 30, |
|
||||||||||
(In thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Net cash provided by operating activities |
|
$ |
15,173 |
|
|
$ |
15,213 |
|
|
$ |
23,006 |
|
|
$ |
10,867 |
|
Capital expenditures |
|
|
(356 |
) |
|
|
(217 |
) |
|
|
(876 |
) |
|
|
(850 |
) |
Free cash flow (a) |
|
$ |
14,817 |
|
|
$ |
14,996 |
|
|
$ |
22,130 |
|
|
$ |
10,017 |
|
(a) Free cash flow, a non-GAAP financial measure, is defined as net cash provided by operating activities, less capital expenditures