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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, Inc. (NASDAQ: AGYS), a leader in hospitality technology, has expanded its partnership with IDeaS, enhancing integration with three Agilysys PMS solutions: Visual One, LMS, and Stay. This integration aims to optimize hotel revenue management, enabling better pricing and forecasting. Agilysys solutions are designed to improve operational efficiency, guest experience, and revenue performance. The collaboration is expected to provide significant benefits for hospitality organizations, enhancing decision-making capabilities through accurate insights and price optimization tools.
Agilysys (NASDAQ: AGYS) announced that The Flying Lark in Grants Pass, OR, has selected its cloud-native solutions for a new gaming, entertainment, and dining venue. The partnership includes Agilysys InfoGenesis POS, IG Flex, IG OnDemand, Agilysys Eatec, and Agilysys Seat, aimed at enhancing guest experiences. The venue features various dining options and a state-of-the-art gaming floor. Agilysys' technology promises streamlined operations and increased revenue opportunities, emphasizing flexibility and ease of integration with third-party applications.
Agilysys (AGYS) reported record recurring revenue of $25.1M for Q3 fiscal 2022, driven by a 25% year-over-year subscription revenue increase to $11.7M. Total net revenue reached $39.5M, up from $36.7M in Q3 fiscal 2021. The company achieved a positive GAAP EPS of $0.04 and a free cash flow of $9.9M. Although gross margin decreased to 62.6%, Agilysys expects record revenue in Q4 and maintains full-year guidance at the low end. The recent acquisition of ResortSuite is progressing favorably amid ongoing supply chain challenges.
Agilysys, Inc. (AGYS) will announce its fiscal 2022 third quarter results on January 25, 2022, after market close. A conference call and webcast will follow at 4:30 p.m. ET, accessible to the public. The call can be joined by dialing 224-357-2393 with conference ID 1964765. Agilysys, a leader in hospitality software for over 40 years, provides cloud-native and on-premise solutions aimed at enhancing guest experiences across various sectors, including gaming and healthcare. The company continues to invest in R&D to modernize its software offerings.
Agilysys (NASDAQ: AGYS) announced an agreement to acquire ResortSuite for approximately 25 million USD in cash, expected to close in January 2022. This acquisition enhances Agilysys’ market presence in the hotel property management sector and aims to provide next-generation SaaS solutions to ResortSuite’s customers. The collaboration is set to deliver integrated hotel management systems and contactless technology to the hospitality industry, benefiting from both companies' expertise and shared commitment to improving guest experiences.
Agilysys, Inc. has appointed Ellis Connolly as the new vice president of sales targeting hotel, resort, and cruise development. With over 20 years in the industry, Connolly's extensive background includes key roles at companies such as Sabre Corporation and Zingle. This strategic hiring aims to bolster Agilysys' growth in the global hospitality sector. The SVP of Sales and Marketing expressed confidence in Connolly's ability to enhance team effectiveness and drive business expansion.
Agilysys, Inc. (Nasdaq: AGYS) will host its annual user conference, Inspire 2022, from February 28 to March 2 in Las Vegas. The event, held at Green Valley Ranch Casino Resort, includes three days of educational programming, hands-on training, and networking opportunities. The conference opens with a golf tournament on February 27 and features keynote speaker Jared Isaacman, who led the first all-civilian spaceflight, Inspiration4. Attendees will have access to various educational sessions to enhance their skills.
Agilysys, Inc. (Nasdaq: AGYS) has partnered with Brittain Resorts and Hotels in Myrtle Beach, SC, to implement its cloud-native SaaS PMS solution, Agilysys Stay, along with rGuest Service and Owners Accounting across 10 properties with over 3,400 rooms. This collaboration aims to enhance guest experiences through improved accessibility and operational efficiency. Agilysys Stay is designed to drive guest loyalty and revenue while optimizing operations. The partnership reflects Agilysys' ongoing commitment to providing innovative technology solutions in the hospitality sector.
Agilysys, Inc. (AGYS) has announced the selection of its InfoGenesis POS solution by Barons Eden Hotel and Spa Collection in the UK for their Hoar Cross Hall and Eden Hall properties. The integrated solution aims to streamline operations, enhance system reliability, and improve staff training. With features like mobile tablet ordering, the InfoGenesis POS is expected to enhance guest experience and drive revenue growth. The deployment is part of Agilysys' commitment to modernizing hospitality software solutions and supporting customer needs through open APIs and modular software.
Agilysys, Inc. (Nasdaq: AGYS) reported impressive fiscal 2022 Q2 results, with total net revenue of $37.9 million, up from $34.4 million year-over-year. Recurring revenue hit a record $24.0 million, representing 63.4% of total revenue. Subscription revenue surged 21.7%, reaching $11.1 million. Adjusted EBITDA was $6.3 million, while net income stood at $0.5 million or $0.02 per share. The company maintains its fiscal 2022 revenue guidance of $160 to $170 million.
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