secwatch.observer — SEC 8-K summary
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Issuer:     AGILYSYS INC (AGYS)
CIK:        0000078749
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0000950170-23-054621
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78749/000095017023054621/0000950170-23-054621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78749/000095017023054621/agys-20231023.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-054621

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