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. (NASDAQ: AGYS) is a premier developer and marketer of innovative enterprise software, services, and solutions specifically tailored for the hospitality industry. The company excels in creating market-leading solutions including point-of-sale (POS), property management systems (PMS), inventory and procurement, workforce management, and mobile & wireless solutions. These offerings are designed to streamline operations, enhance efficiency, and significantly elevate the guest experience. Serving a diverse clientele such as casinos, resorts, hotels, foodservice venues, stadiums, and cruise lines, Agilysys operates extensively across North America, Europe, and Asia.
Headquartered in Alpharetta, GA, with APAC offices in Singapore, Hong Kong, and Malaysia, Agilysys is dedicated to providing high return hospitality through both cloud-native SaaS and on-premise solutions. The company's customer base includes branded and independent hotels, multi-amenity resorts, casinos, cruise lines, corporate dining providers, universities, stadiums, and healthcare facilities.
Agilysys is committed to innovation and customer-centric service, continuously evolving its offerings to meet industry demands. Recent milestones include providing on-site premier support for the InfoGenesis POS system at the 2024 Australian Open, ensuring exceptional food and beverage experiences for over 900,000 attendees. Financially, Agilysys reported a strong fiscal 2024 with total net revenue increasing 21.3% to a record $60.6 million, driven by significant subscription revenue growth and improved services efficiency. The company anticipates continued growth in fiscal 2025, projecting revenues between $275 million and $280 million with a focus on subscription revenue growth and adjusted EBITDA of 16%.
For more information, visit www.agilysys.com and follow Agilysys on Twitter at @agilysys.
Agilysys released its 2024 Global Hospitality Impact Study revealing a significant gap between aspiration and reality in measuring per-guest revenue. While 82% of hospitality executives recognize the value of supplementing RevPAR with Revenue Per Available Guest (RevPAG) metrics, 56% feel technologically unprepared to implement such strategies. The study, surveying 489 executives across North America, Europe, and APAC, found that luxury properties generate up to 40% of revenue from non-room sources. Key findings show 72% of executives are willing to enhance technology infrastructure, but only 12% regularly review their system capabilities against market innovations.
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.
FAQ
What is the current stock price of Agilysys (AGYS)?
What is the market cap of Agilysys (AGYS)?
What does Agilysys, Inc. specialize in?
Who are the primary clients of Agilysys?
Where is Agilysys headquartered?
What recent achievement is notable for Agilysys?
How did Agilysys perform financially in fiscal 2024?
What are Agilysys’ financial projections for fiscal 2025?
What makes Agilysys’ solutions significant in the hospitality industry?
What is Agilysys’ approach to customer service?
How does Agilysys innovate in the hospitality technology space?
Where can more information about Agilysys be found?
