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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) announced new and enhanced software solutions for gaming properties at the upcoming Global Gaming Expo (G2E) 2024. Key highlights include:
1. Enhanced Agent Dashboard in Agilysys LMS Property Management System for tracking and rewarding upsell revenue.
2. New Interactive eCoupon Capability in Agilysys LMS and Loyalty & Promotions for personalized guest incentives.
3. Agilysys Express Kiosk and Mobile enhancements to accelerate guest service and reduce staff workload.
4. Agilysys Guest App updates catering to casino and gaming hotel guests.
5. AI-powered improvements in Agilysys SWS for automated invoicing.
6. Agilysys guestsense.ai powering the Upsell Engine and Spa operations.
These innovations aim to elevate guest service, alleviate staff stress, and streamline operations in gaming properties.
Agilysys (Nasdaq: AGYS) has acquired Book4Time, the global leader in spa management SaaS software, for approximately $150 million USD. This strategic acquisition extends Agilysys' global presence, consolidates its market leadership in spa management software, and creates further subscription revenue growth opportunities. Book4Time serves more Forbes 5-Star-rated spas than any other solution and operates in over 100 countries.
The acquisition allows Agilysys to increase its solutions-per-customer penetration globally. Book4Time's platform helps improve revenue, operational efficiency, and capacity utilization for spa operations. The deal combines Agilysys' technology innovation strengths with Book4Time's expertise, potentially delivering enhanced value to clients in the hospitality industry.
Agilysys (Nasdaq: AGYS) has appointed Joe Youssef as Senior Vice President, Sales, Americas and EMEA and Chief Commercial Officer, effective August 19, 2024. Youssef, a veteran with 18 years at Amadeus, replaces Don DeMarinis, who is retiring after six years with the company. Under DeMarinis' leadership, Agilysys' annual revenue grew from $127.4 million in FY2018 to $237.5 million in FY2024, with record growth for 10 consecutive quarters.
Youssef's extensive experience includes leadership roles in various markets and solution verticals at Amadeus, where he drove double-digit growth and deep customer engagement. Agilysys CEO Ramesh Srinivasan expressed confidence in Youssef's ability to help the company achieve its next level of business performance, citing his proven leadership skills and insights on accelerating market adoption of hospitality innovations.
Agilysys (NASDAQ: AGYS) reported record revenue of $63.5 million for Q1 fiscal 2025, a 13.3% increase year-over-year. Highlights include:
- Subscription revenue growth of 32.0%
- Recurring revenue at 59.9% of total net revenue
- Net income of $14.1 million, or $0.50 per diluted share
- Adjusted EBITDA of $12.1 million, 19% of revenue
- Adjusted EPS of $0.30
The company expects full-year fiscal 2025 revenue between $275-$280 million, with over 27% subscription revenue growth. Adjusted EBITDA is projected at 16% of revenue for the full fiscal year.
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.
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