Agilysys, Inc. ( (AGYS) ) has released its Q3 earnings. Here is a breakdown of the information Agilysys, Inc. presented to its investors.
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Agilysys, Inc., a global leader in hospitality software solutions, is dedicated to enhancing guest experiences and hospitality management through cutting-edge technology. Operating across various regions, Agilysys provides innovative software to sectors including hotels, resorts, casinos, and more.
In the third quarter of fiscal 2025, Agilysys reported record revenues of $69.6 million, marking a 14.9% increase from the previous year. The company saw substantial growth in subscription revenue, bolstered by the integration of Book4Time.
Key financial highlights include a significant rise in recurring revenue, accounting for 63.8% of total revenue, and a boost in adjusted EBITDA to $14.7 million. Although net income saw a decline due to prior-year tax events, adjusted earnings per share increased slightly to $0.38.
Looking ahead, Agilysys has revised its full fiscal year revenue guidance to $273 million while maintaining strong expectations for subscription growth. The company remains focused on overcoming challenges in product revenue and is optimistic about future growth fueled by its robust product ecosystem.
