Agilysys Q3 revenue record $60.6M (+21% YoY); raises FY24 EBITDA guidance to 15% of revenue

AGILYSYS INC

2023-Q3 EPS reported $3.10 revenue$175,243,000

Net revenue record $60.6M, up 21.3% YoY; subscription revenue grew 29.9%.
Net income $76.9M includes $65.1M tax valuation allowance release; adjusted EPS $0.35 vs $0.26.
Adjusted EBITDA $11.8M (19.4% margin) vs $8.1M; FY24 EBITDA margin guidance raised to 15%.
FY24 revenue guidance maintained at $235-$238M; subscription revenue growth of 28% YoY.
Free cash flow $11.3M; ending cash balance $116.2M.

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 0.98

AGILYSYS INC reported fiscal 2024 third quarter ending December 31, 2023 results: revenue $60.6 million, net income $76.9 million, or $2.85 per diluted share. Guidance raised.

Period: fiscal 2024 third quarter ending December 31, 2023
Revenue: $60.6 million
Net income: $76.9 million, or $2.85 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

results for its fiscal 2024 third quarter ending December 31, 2023. Summary of Fiscal 2024 Third Quarter Financial Results • Total net revenue increased 21.3% to a record $60.6 million, compared to total net revenue of $49.9 million in the comparable prior-year period. • Recurring revenue (comprising subscription and maintenance charges) was a record $35.1

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Source: SEC EDGAR

accession 0000950170-24-006056

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