Agilysys, Inc. - AGYS STOCK NEWS

Agilysys, Inc. (NASDAQ: AGYS) announced its upcoming Consultants Forum 2022 on May 17-18 at Atlantis Bahamas. This event aims to address pressing challenges in the hospitality industry with a focus on innovative technology solutions. CEO Ramesh Srinivasan will highlight ongoing enhancements and strategic initiatives. The forum will also feature collaborative sessions designed to provide long-term solutions for hoteliers. Agilysys is recognized for its cloud-native SaaS and on-premise solutions that improve guest experiences and operational efficiencies.

The partnership between Agilysys and Zaplox has led to the adoption of a combined contact-free check-in solution by over 40 hotels, resorts, and casinos across North America. This joint offering aims to ease labor shortages while meeting the growing demand for contactless services. The solution integrates Zaplox's mobile key technology with Agilysys' rGuest Express, enhancing the guest experience through a seamless mobile journey. The partnership highlights the strong momentum for digitization in the hospitality sector, particularly in the wake of the pandemic.

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.