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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) 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.
Agilysys (Nasdaq: AGYS) announced an expanded partnership with Win-River Resort & Casino, integrating advanced cloud-native SaaS solutions including rGuest Express for mobile check-in/out, IG OnDemand for contactless food and beverage ordering, and IG KDS for kitchen order management. This collaboration aims to enhance guest experiences, improve operational efficiency, and promote safety through contactless interactions. Win-River can now streamline its guest journey, minimize front desk lines, and capitalize on increased revenue opportunities while maintaining high service standards.
Agilysys (Nasdaq: AGYS) has partnered with the Rochester Institute of Technology (RIT) to implement the InfoGenesis cloud-native POS solutions for their dining and sports facilities. This transition aims to enhance operational efficiency and ensure safety through contactless service options amidst the ongoing pandemic. RIT evaluated multiple vendors before selecting Agilysys for their comprehensive SaaS offerings and continuous innovation. The InfoGenesis POS system is expected to improve revenue opportunities and dining experiences for the 18,600 students and staff at RIT.
Agilysys (Nasdaq: AGYS) has expanded its partnership with Blue Water Resort & Casino by integrating rGuest Express, a cloud-native mobile guest self-service solution. This addition aims to enhance guest experience by enabling contactless check-in/out, thereby reducing lines at the front desk. The solution is part of Blue Water's strategy to ensure safety and streamline operations amid COVID-19. Agilysys continues to innovate with its services to meet hospitality needs, solidifying its position in the industry.
Agilysys (AGYS) reported a 15.6% decline in total net revenue for Q2 FY2021, totaling $34.4 million, down from $40.7 million in the same period last year. Despite this, recurring revenues rose to $22.3 million, representing 64.9% of total revenue, with subscription revenues increasing 23.9% year over year. The company achieved a net income of $5.3 million ($0.22 per diluted share), compared to a net loss of $(2.9) million a year prior. Adjusted EBITDA reached a record $8.6 million. The company anticipates modest revenue growth of 5% in Q3.
Agilysys (Nasdaq: AGYS) announced its expanded partnership with El Conquistador Resort in Puerto Rico, enhancing golf course management through Agilysys Golf. This on-premise solution integrates seamlessly with their existing Agilysys Visual One PMS and InfoGenesis POS systems, enabling streamlined operations and personalized player experiences. The resort is also investing over $175 million to upgrade facilities, enhancing guest experiences amidst picturesque surroundings.
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