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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) has recently been recognized with three prestigious awards in the gaming sector, underscoring its leadership in hospitality software solutions. The awards highlight the effectiveness of its IG OnDemand mobile ordering and payment system, which enhances guest experiences and operational efficiency. These accolades include the Gaming & Leisure Partner Award, the Gaming & Leisure Transportation Award, and a Silver Award from Global Gaming Business magazine. Agilysys continues to demonstrate its commitment to improving guest satisfaction and driving revenue for hospitality businesses.
Agilysys has partnered with Morongo Casino Resort and Spa to implement self-service kiosk technology for dining. This innovation allows guests to make dining reservations and payments at any time, addressing staffing shortages and enhancing guest experiences. With this technology, Morongo has reported an increase in food and beverage revenue by improving service efficiency and decreasing wait times. Moreover, the integration of data analytics enables better understanding of guest spending patterns, further optimizing revenue opportunities for the casino.
Agilysys is set to showcase innovative technology solutions for the hospitality industry during the Global Gaming Expo (G2E) on October 11. This follows the gaming sector's forecasted revenue increase to
Agilysys has been shortlisted for three categories at the UK Business Tech Awards 2022, highlighting its role in hospitality technology. The categories include Property Tech of the Year, SaaS Company of the Year, and Tech Company of the Year for medium-sized firms. This recognition underscores the significance of hospitality technology in the UK's tech landscape. With travel returning, Agilysys aims to enhance guest experiences through its comprehensive Agilysys Hospitality Cloud, providing tailored solutions for hospitality operators.
Agilysys announces the implementation of eight solutions to enhance the Return on Experience across various operations, including casinos and hotels. Amid staff shortages, 97% of hotel properties report challenges, with 90% now offering wage incentives. Notably, Prairie Meadows Casino is leveraging Agilysys solutions to streamline processes and improve guest satisfaction driven by a community-focused business model. The deployment of core solutions like property management and point-of-sale systems aims to elevate operational efficiencies and guest experiences.
Agilysys reported strong financial results for Q1 Fiscal 2023, with total net revenue rising 22.7% to $47.5 million. Recurring revenue reached a record $27.7 million, making up 58.4% of total revenue. Subscription revenue surged 29.5% year-over-year. The company achieved a net income of $2.6 million, or $0.10 per diluted share. Adjusted EBITDA was $6.7 million, slightly down from $6.9 million the previous year. Fiscal 2023 guidance remains at $190 million to $195 million revenue, targeting over 15% adjusted EBITDA.
Agilysys, a leader in hospitality software, has announced that it will release its fiscal 2023 first quarter results on July 26, 2022, after market close. A conference call and webcast will follow at 4:30 p.m. ET that same day, open to the public. Participants can register for the call via the provided link to receive dial-in instructions for live access. Agilysys specializes in cloud-native SaaS and on-premise solutions for various sectors, including hotels and restaurants, enhancing guest loyalty and operational efficiencies.
Agilysys is showcasing 13 customized Hospitality Solution Studios at HITEC Orlando 2022 to enhance Return on Experience (ROE) across diverse venues, extending beyond traditional hospitality. These studios integrate Agilysys’ core systems with Experience Enhancers to boost guest engagement and staff efficiency. Key features include tailored solutions for hotels, resorts, casinos, and more, enabling better management of guest and staff interactions. The initiative aims to solidify Agilysys's role in improving operational effectiveness and driving revenue for various sectors.
Agilysys (NASDAQ: AGYS) will showcase 28 applications designed to enhance staff and guest experiences at HITEC Orlando 2022 (June 27-30). These applications aim to improve Return on Experience (ROE), promoting guest engagement and loyalty. The applications are divided into two collections: Experience Enhancers for Hospitality (18 applications) and Experience Enhancers for Food & Beverage (12 applications). The solutions focus on self-service and mobility, addressing industry demand for improved technology in hospitality management.
Agilysys has achieved Visa Ready certification, ensuring its applications meet Visa's standards for contactless payments. This certification enhances the security of transactions for hospitality clients and their guests by enabling seamless tap-to-pay options. The Agilysys technology, including property management and point-of-sale applications, will fully support Visa's EMV requirements. Agilysys aims to improve the guest experience with faster, secure payment solutions, ultimately helping clients increase revenue.
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