Agilysys Q2 revenue record $58.6M (+22.8% YoY); raises FY24 guidance

AGILYSYS INC

2023-Q2 EPS reported $0.20 revenue$114,676,000

Total revenue $58.6M (record), up 22.8% YoY; subscription revenue up 29.1% to 53.6% of recurring.
GAAP net income $4.1M ($0.16 diluted EPS); adjusted diluted EPS $0.25 vs $0.24 prior-year period.
Adjusted EBITDA $8.1M (13.7% of revenue); FY24 adjusted EBITDA guidance raised to 14% of revenue.
Full-year revenue guidance raised to $235M-$238M; subscription revenue growth guidance raised to 28%.
Free cash flow $2.5M; ending cash $107.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

AGILYSYS INC reported fiscal 2024 full year results: revenue We are raising full year fiscal 2024 revenue guidance to be $235 to $238 million. Guidance raised.

Period: fiscal 2024 full year
Revenue: We are raising full year fiscal 2024 revenue guidance to be $235 to $238 million
Guidance: raised
Result: guidance update

Exact text from the filing

We are raising full year fiscal 2024 revenue guidance to be $235 to $238 million, increasing subscription revenue growth guidance for the full 2024 fiscal year to 28% year-over-year and increasing Adjusted EBITDA expectations for fiscal 2024 to 14% of revenue.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

AGILYSYS INC reported fiscal 2024 second quarter ending September 30, 2023 results: revenue Total net revenue increased 22.8% to a record $58.6 million, net income Net income attributable to common shareholders was $4.1 million, EPS $0.16 per diluted share.

Period: fiscal 2024 second quarter ending September 30, 2023
Revenue: Total net revenue increased 22.8% to a record $58.6 million
Net income: Net income attributable to common shareholders was $4.1 million
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today reported operating results for its fiscal 2024 second quarter ending September 30, 2023. Summary of Fiscal 2024 Second Quarter Financial Results • Total net revenue increased 22.8% to a record $58.6 million, compared to total net revenue of $47.7 million in the comparable prior-year period. • Recurring revenue (comprising subscription and maintenance charges) was a record $34.2 million, or 58.4% of total net revenue compared to $29.0 million, or 60.8% of total net revenue for the same period in fiscal 2023. Subscription revenue increased 29.1% year-over-year and was 53.6% of total recurring revenue compared to 48.9% of total recurring revenue in the second quarter of fiscal 2023. • Gross margin was 59.9% compared to 61.5% in the comparable prior-year period. • Net income attributable to common shareholders was $4.1 million, or $0.16 per diluted share co

View on SEC.gov

Browse all earnings releases →

AGILYSYS INC filing history →

Source: SEC EDGAR

accession 0000950170-23-054621

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.