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Agilysys (AGYS)
NASDAQ:AGYS
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.34Last Year’s EPS
$0.35Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: 24.38%
|Next Earnings Date:Jan 28, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, particularly in subscription revenue and key verticals. However, challenges in product revenue and specific regions like APAC and the U.S. food service management sector were noted. The positive aspects, including the successful acquisition of Book4Time and increased guidance, outweigh the challenges.Company Guidance
During the Agilysys Q2 2025 earnings call, the company provided updated financial guidance, projecting full fiscal year revenue between $280 million and $285 million, with subscription revenue growth expected to exceed 38%. The guidance also indicated that EBITDA as a percentage of revenue would rise to 18%, an increase from the previous expectation of 16%. This optimistic outlook is fueled by the successful integration of Book4Time, which contributed $2.2 million to the quarter's record revenue of $68.3 million, marking a 16.5% increase from the previous year. Agilysys reported that 90% of new properties added during the quarter were subscription-based, reflecting a shift towards recurring revenue models, which grew 21% year-over-year to a record $41.4 million. The company also highlighted significant growth in its property management systems (PMS) and related products, with sales nearly doubling year-over-year. Despite some challenges in the APAC region and a noted slowdown in food service management sales, Agilysys remains confident in its ability to sustain long-term growth across various verticals, supported by its strategic acquisition and enhanced sales capabilities.Book4Time Acquisition Success
The acquisition of Book4Time increased the number of customer properties by 30% and added $2.2 million to Q2 revenue. This acquisition is expected to drive future sales growth by providing an additional product to sell to existing and new customers.
Record Revenue and Growth
Fiscal 2025 Q2 revenue reached a record $68.3 million, representing a 16.5% increase year-over-year and marking the 11th consecutive record revenue quarter.
Subscription Revenue Surge
Subscription revenue grew 36.6% year-over-year to $25.1 million, with notable contributions from Book4Time. Without Book4Time, subscription revenue growth was still strong at 25.2%.
Strong Sales in Key Verticals
Sales were strong in gaming casinos, resorts, hotels, and cruise ship verticals in the U.S. and overall EMEA. The Property Management Systems (PMS) category saw sales double year-over-year.
Increased EBITDA Guidance
The company raised its EBITDA guidance to 18% of revenue, up from an earlier expectation of 16%, driven by strong sales momentum and operational efficiency.
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AGYS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGYS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $111.49 | $102.51 | -8.05% |
| Jul 22, 2024 | $111.80 | $106.76 | -4.51% |
| May 13, 2024 | $80.21 | $92.16 | +14.90% |
| Jan 22, 2024 | $86.71 | $86.79 | +0.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Agilysys (AGYS) report earnings?
Agilysys (AGYS) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Agilysys (AGYS) earnings time?
Agilysys (AGYS) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGYS EPS forecast?
AGYS EPS forecast for the fiscal quarter 2025 (Q3) is $0.34.
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