---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-022459"
form_type: "8-K"
ticker: "AGYS"
cik: "0000078749"
company_name: "AGILYSYS INC"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:17:58.778142+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Agilysys reports record Q4 revenue $52.9M; guides FY2024 revenue $230-235M with 13% EBITDA margin

## Summary
- Q4 revenue $52.9M (+13.6% YoY); full year revenue $198.1M (+21.8% YoY).
- FY2023 GAAP EPS $0.49, adjusted diluted EPS $0.97; record adjusted EBITDA $30.3M.
- FY2024 revenue guidance $230-235M with 25% YoY subscription growth; adjusted EBITDA at 13% of revenue (vs 15.3% in FY2023).
- Subscription revenue grew 27.5% YoY to 49.2% of recurring revenue; record sales quarter in ACV.
- Free cash flow $27.2M for FY2023; ending cash $112.8M.

## SEC filing metadata
- accession: 0000950170-23-022459
- form_type: 8-K
- ticker: AGYS
- cik: 0000078749
- company_name: AGILYSYS INC
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78749/000095017023022459/0000950170-23-022459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78749/000095017023022459/agys-20230516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-022459
- JSON: https://secwatch.observer/filing/0000950170-23-022459.json
- Plain text: https://secwatch.observer/filing/0000950170-23-022459.txt

## Key facts
- Earnings Releases
  AGILYSYS INC reported fiscal year ended March 31, 2023 results: revenue $198.1 million, net income $12.7 million, EPS $0.49 per diluted share.
  - Period: fiscal year ended March 31, 2023
  - Revenue: $198.1 million
  - Net income: $12.7 million
  - EPS: $0.49 per diluted share
  - Result: reported results
  source text: Summary of Full Fiscal Year 2023 Financial Results • Total net revenue increased 21.8% to a record $198.1 million, compared to total net revenue of $162.6 million in the comparable prior-year period. • Recurring revenue (comprised of subscription and maintenance charges) was a record $118.3 million, or 59.7% of total net revenue compared to $99.0 million, or 60.8% of total net revenue for fiscal year 2022. Subscription revenue increased 27.5% year over year and was 49.2% of total recurring revenue compared to 46.1% of total recurring revenue in fiscal year 2022. • Gross margin was 61.0% in fiscal year 2023 compared to 62.4% in the comparable prior-year period. • Net income attributable to common shareholders in fiscal year 2023 was $12.7 million, or $0.49 per diluted share compared to $4.6 million, or $0.18 per diluted share in the comparable prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78749/000095017023022459/0000950170-23-022459-index.htm
- Earnings Releases
  AGILYSYS INC reported fiscal 2023 fourth quarter results: revenue $52.9 million, net income $3.6 million, EPS $0.14 per diluted share.
  - Period: fiscal 2023 fourth quarter
  - Revenue: $52.9 million
  - Net income: $3.6 million
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: Summary of Fiscal 2023 Fourth Quarter Financial Results • Total net revenue increased 13.6% to a record $52.9 million, compared to total net revenue of $46.6 million in the comparable prior-year period. • Recurring revenue (comprised of subscription and maintenance charges) was a record $31.4 million, or 59.3% of total net revenue compared to $26.6 million, or 57.1% of total net revenue for the same period in fiscal 2022. Subscription revenue increased 23.9% year over year and was 50.6% of total recurring revenue compared to 48.1% of total recurring revenue in the fourth quarter of fiscal 2022. • Gross margin was 60.8% in the fiscal 2023 fourth quarter compared to 59.5% in the comparable prior-year period. • Net income attributable to common shareholders in the fiscal 2023 fourth quarter was $3.6 million, or $0.14 per diluted share compared to $1.5 million, or $0.06 per diluted share in the comparable prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78749/000095017023022459/0000950170-23-022459-index.htm
- Earnings Releases
  AGILYSYS INC reported fiscal 2024 results: revenue $230 to $235 million. Guidance initiated.
  - Period: fiscal 2024
  - Revenue: $230 to $235 million
  - Guidance: initiated
  - Result: guidance update
  source text: Fiscal 2024 Outlook We are expecting full year fiscal 2024 revenue to be $230 to $235 million, inclusive of 25% year-over-year subscription revenue growth. Adjusted EBITDA is expected to be 13% of revenue for the full fiscal year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78749/000095017023022459/0000950170-23-022459-index.htm

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