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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 (AGYS), a global leader in hospitality software solutions, will release its fiscal 2025 first quarter results on July 22, 2024, after market close.
The company will also host a public conference call and webcast at 4:30 p.m. ET the same day. Participants can register for the event online and will receive a unique PIN for access.
The webcast will be available for replay approximately two hours after the event concludes. Investors and interested parties can find more information on the event and access the call through Agilysys' investor relations website.
Agilysys has unveiled multiple hospitality software innovations, many powered by AI, to boost revenue and cut costs. These innovations will be showcased at HITEC 2024 from June 25-27 in Charlotte, NC. Key features include the Guestsense.ai technology for optimizing revenue management across PMS, POS, and other hospitality solutions. InfoGenesis (v24), an omnichannel POS platform, is now available, offering robust offline capabilities and secure transactions. The new IG Fly mobile POS system allows staff to manage orders and payments efficiently. Additionally, the Agilysys Guest App provides a unified mobile hub for guests to book experiences and access special offers, enhancing the overall guest experience and revenue opportunities.
Agilysys, a global provider of hospitality software solutions, announced the latest version of its Agilysys Golf Platform will be showcased at HITEC 2024, from June 24-27 at the Charlotte Convention Center. The platform is used by 13 of the top 20 U.S. resort courses and includes features such as commission-free booking, dynamic pricing, membership management, marketing automation, and a revenue-optimized tee sheet. It can operate independently or integrate with Agilysys PMS and POS systems to enhance data sharing and user experience across various amenities.
Agilysys, a hospitality software solutions provider, announces two speaking sessions at the upcoming HFTP HITEC and HITEC IC events in June 2024. On June 25th, SVP Frank Pitsikalis will address 'Revenue Beyond The Room,' focusing on maximizing property revenue through advanced technologies. CEO Ramesh Srinivasan will present 'The Agilysys Turnaround Story' on June 27th, detailing the company's transformation from 2017 to 2024. The sessions aim to highlight innovative strategies and the company's impressive market capitalization growth.
Agilysys (Nasdaq: AGYS), a major provider of hospitality software solutions, announced its participation in the 2024 Baird Global Consumer, Technology & Services Conference in New York City from June 4-6, 2024. Chief Financial Officer Dave Wood will present on June 5 at 8:30 am ET and host one-on-one meetings with investors and analysts. The conference facilitates interactions between institutional and private equity investors and senior management of over 300 companies. Additionally, Agilysys released its fiscal 2024 Q4 and full-year results on May 13, 2024, with related materials available on its Investor Relations webpage.
Agilysys (Nasdaq: AGYS), a prominent provider of hospitality software solutions, has announced its participation in the 21st Annual Craig Hallum Institutional Investor Conference on May 29, 2024, in Minneapolis. CEO Ramesh Srinivasan will host individual meetings with investors and analysts. Scheduling for these one-on-one meetings must be done through Craig-Hallum Conference organizers. Agilysys recently published its fiscal 2024 fourth quarter and full year results on May 13, 2024, and these materials are available on the Agilysys Investor Relations page.
Agilysys (Nasdaq: AGYS), a leading provider of hospitality software solutions, will participate in the 19th Annual Needham Technology, Media & Consumer Conference in New York City from May 14-16, 2024. May 14-15 will be in-person, while May 16 will be virtual. Chief Financial Officer Dave Wood will host one-on-one meetings with investors and analysts and participate in a fireside chat on May 15. Agilysys released its fiscal 2024 Q4 and full-year results on May 13, 2024. Presentation materials and the earnings call replay are available on the Agilysys Investor Relations webpage.
Agilysys reported record revenues for fiscal 2024, with Q4 revenue at $62.2M, up 17.6% YoY, and annual revenue at $237.5M, up 19.9% YoY. Recurring revenue was $138.1M, with subscription revenue growing by 29.6%. Adjusted EBITDA for the year was $37.1M, and free cash flow was $40.1M. Net income for Q4 was $3.0M or $0.11 per share, down from $3.6M in the prior year, while full-year net income was $85.0M or $3.17 per share, up from $12.7M. Gross margin for Q4 was 61.5%. The company anticipates fiscal 2025 revenue of $275M-$280M, with adjusted EBITDA at 16% of revenue.
Agilysys, Inc. (NASDAQ: AGYS) announced that Marriott International has approved their cloud-native InfoGenesis® Point-of-Sale platform for use in their properties across the U.S. and Canada. This platform will be available in Marriott's Luxury, Premium, and Select tiers, providing efficiency, flexibility, and convenience for operators and guests.
Agilysys, Inc. (NASDAQ: AGYS) will report its fiscal 2024 fourth quarter results on May 13, 2024, and host a conference call and webcast. The call is open to the public, with registration required. Participants can listen to the call live online and access the archived version later.
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