Overview

* Agilysys ( AGYS ) fiscal Q1 revenue rises 20.7%, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q1 misses analyst expectations, per LSEG data

* Company raises full-year subscription revenue growth guidance to 27%

Outlook

* Agilysys ( AGYS ) raises full-year subscription revenue growth guidance to 27%

* Agilysys ( AGYS ) maintains full-year revenue guidance at $308 mln to $312 mln

* Adjusted EBITDA expected to remain at 20% of revenue for fiscal year

Result Drivers

* SUBSCRIPTION REVENUE - Subscription revenue grew 44% year-over-year, driving record total net revenue

* SALES MOMENTUM - Strong sales momentum contributed to increased recurring and services revenue backlog

* CLOUD SOLUTIONS DEMAND - Robust demand for cloud-native hospitality software solutions fueled revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $76.70 $74.30

Revenue mln mln (6

Analysts

)

Q1 Miss $0.33 $0.36 (6

Adjusted Analysts

EPS )

Q1 Net $4.90

Income mln

Q1 Miss $12.50 $14 mln

Adjusted mln (5

EBITDA Analysts

)

Q1 Gross 61.7%

Margin

Q1 -$5 mln

Adjusted

Free

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Agilysys Inc ( AGYS ) is $125.00, about 7.8% above its July 18 closing price of $115.21

* The stock recently traded at 65 times the next 12-month earnings vs. a P/E of 44 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)