---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001083"
form_type: "8-K"
ticker: "AGYS"
cik: "0000078749"
company_name: "AGILYSYS INC"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:17:27.172964+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Agilysys Q3 revenue rises 26.5% to record $49.9M; raises FY2023 guidance to $195-198M

## Summary
- Net income attributable to common shareholders $3.4M ($0.13 diluted EPS); adjusted diluted EPS $0.26.
- Recurring revenue record $30.2M (60.4% of total); subscription revenue up 28.8% YoY.
- Adjusted EBITDA $8.1M (16.1% of revenue); free cash flow $11.7M.
- Full-year revenue guidance raised to $195-198M; reiterates adjusted EBITDA >15% of revenue.

## SEC filing metadata
- accession: 0000950170-23-001083
- form_type: 8-K
- ticker: AGYS
- cik: 0000078749
- company_name: AGILYSYS INC
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78749/000095017023001083/0000950170-23-001083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78749/000095017023001083/agys-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001083
- JSON: https://secwatch.observer/filing/0000950170-23-001083.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001083.txt

## Key facts
- Earnings Releases
  AGILYSYS INC reported fiscal 2023 third quarter and period ended December 31, 2022 results: revenue $49.9 million, net income $3.4 million, EPS $0.13 per diluted share. Guidance raised.
  - Period: fiscal 2023 third quarter and period ended December 31, 2022
  - Revenue: $49.9 million
  - Net income: $3.4 million
  - EPS: $0.13 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: for its fiscal 2023 third quarter and period ended December 31, 2022. Summary of Fiscal 2023 Third Quarter Financial Results • Total net revenue increased 26.5% to a record $49.9 million, compared to total net revenue of $39.5 million in the comparable prior-year period. • Recurring revenue (comprised of subscription and maintenance charges) was a record $30.2
  evidence_url: https://www.sec.gov/Archives/edgar/data/78749/000095017023001083/0000950170-23-001083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.