---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-054621"
form_type: "8-K"
ticker: "AGYS"
cik: "0000078749"
company_name: "AGILYSYS INC"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T17:41:16.624838+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-054621
- form_type: 8-K
- ticker: AGYS
- cik: 0000078749
- company_name: AGILYSYS INC
- filed_at: 2023-10-23T23:59:59+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/78749/000095017023054621/0000950170-23-054621-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78749/000095017023054621/agys-20231023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054621
- JSON: https://secwatch.observer/filing/0000950170-23-054621.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054621.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78749/000095017023054621/0000950170-23-054621-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/78749/000095017023054621/0000950170-23-054621-index.htm

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