Agilysys, Inc. - AGYS STOCK NEWS

Agilysys, Inc. (Nasdaq: AGYS) announced that Boyne Resorts has adopted the Agilysys InfoGenesis POS solutions to enhance guest services and improve operations while maintaining safety through contactless options. Boyne, operating eleven resorts and ski areas, aims for fast service with mobile tablet solutions allowing guests to order and pay via their devices. The implementation is expected to create more revenue opportunities while ensuring guest safety and satisfaction. Agilysys continues to expand its influence in the hospitality sector with innovative cloud-native solutions.

Agilysys (Nasdaq: AGYS) partners with CITCON to enhance mobile wallet payment solutions for global hospitality providers. This collaboration aims to meet the growing demand for mobile payments, particularly from non-U.S. customers, facilitating cashless transactions through platforms like PayPal, Venmo, Alipay, and WeChat Pay. The partnership is expected to position Agilysys clients as leaders in health and safety through contactless transactions. Agilysys has over 40 years of experience delivering software solutions for the hospitality industry, aiming to improve guest loyalty and operational efficiency.

Agilysys, a global leader in hospitality software, announced its new Loyalty & Promotions module for Agilysys Engage. This addition aims to enhance guest engagement by allowing operators to implement tailored loyalty programs and targeted promotions based on guest preferences. Key features include multiple guest types, program tiers to reward frequent patrons, flexible redemption options, and a self-service portal. The initiative supports Agilysys' strategy to capture greater wallet share and foster emotional connections with guests, driven by increased R&D investment.

Agilysys, a leader in hospitality software, announced that Hotel Effie Sandestin in Florida has selected its InfoGenesis POS solution and Agilysys Pay Connect for improved guest experiences. The hotel, with 250 rooms and various amenities, aims to enhance operational efficiency and guest service through Agilysys' modern technology. InfoGenesis POS supports multiple devices and offers robust reporting features, while Agilysys Pay Connect facilitates secure payment processing. This partnership signifies Agilysys' commitment to innovation in hospitality technology.

Agilysys (Nasdaq: AGYS) announced updates to its commission-free online reservation solution, rGuest Book, enhancing guest experience and revenue potential. Key features include a Single Itinerary allowing combined bookings of rooms and activities, Unit Booking for selecting specific accommodations, and a rGuest Book for Groups to manage group reservations. Additionally, post-booking amenities can now be offered. These improvements aim to boost operational efficiency and enhance guest satisfaction, further solidifying rGuest Book's position in the hospitality sector.

Agilysys, Inc. (Nasdaq: AGYS) reported a 13% decrease in total net revenue, totaling $36.7 million for the fiscal 2021 third quarter, compared to $42.0 million in the same period last year. Recurring revenues rose to $22.8 million, making up 62.3% of total revenues, driven by an 18.1% year-over-year increase in subscription revenues. Despite a net loss of $(2.5) million, adjusted EBITDA improved to $7.6 million from $3.2 million. The company anticipates flat revenue for Q4 and a decrease in adjusted EBITDA due to increased R&D costs.

Agilysys (Nasdaq: AGYS) announced that the Araceli Hotel & Resort in Orland Park, IL has chosen its cloud-native SaaS solutions, including Stay PMS, rGuest Book, rGuest Express, and InfoGenesis POS. Set to open in mid-2021 with 144 rooms and various amenities, Araceli aims to enhance guest experiences with these integrated solutions. Agilysys's technology will streamline operations, improve guest interactions, and ultimately drive loyalty and revenue. The partnership signals Agilysys's commitment to delivering comprehensive hospitality software solutions.

Agilysys, Inc. (AGYS) will release its fiscal 2021 third-quarter results on January 26, 2021, after market close, followed by a conference call at 4:30 p.m. ET. The call is accessible to the public at 224-357-2393 with conference ID 1973419 or via webcast. Founded over 40 years ago, Agilysys provides cloud-native SaaS and on-premise software solutions for the hospitality industry. It is recognized for its comprehensive offerings like point-of-sale and property management systems, serving major hospitality clients globally to enhance guest experience and operational efficiency.

Agilysys (Nasdaq: AGYS) announced the appointments of Ben Curtis as Managing Director and Matthew Prosser as Senior Sales Director for EMEA. Their roles aim to boost Agilysys' growth in the region. Ben brings 25 years of hospitality experience, recently at Verteda Limited, while Matthew has held senior roles at Verteda and MSL Solutions. Both have previously worked at Agilysys and are expected to leverage their industry connections to enhance business development and customer service as Agilysys strengthens its position in the global hospitality market.