Jul. 27 at 8:21 PM
$AGYS Agilysys reports Q1 adjusted EPS 49c, consensus 40c
Reports Q1 revenue
$87.7M, consensus
$85.98M. Ramesh Srinivasan, President and CEO of Agilysys, commented, "Q1 Fiscal 2027 was another good quarter with the overall business fundamentals making excellent progress. Revenue was a record
$87.7 million, the 18th consecutive record revenue quarter, driven by subscription growth of 26% and record professional services revenue of
$19.6 million. The appetite for modern technology solutions continues to be high in the hospitality industry. The combined strengths of our ecosystem of software solutions and recently added AI powered feature sets are yielding excellent sales and adoption results.
Q1 Fiscal 2027 was another highly successful sales quarter, the best ever Q1 sales period, driving backlog levels to record highs. We are pleased to see the business continuing to achieve growth and profitability results ahead of original expectations. As a result, we are raising full fiscal year total revenue expectation to be in the range of
$368 million to
$373 million driven by year-over-year subscription revenue growth of at least 32%, from the original guidance of
$365 million to
$370 million and at least 30% subscription revenue growth. Adjusted EBITDA expectation remains at 24% of revenue for the full fiscal year, providing adequate room for any potential additional strategic business investment needs" Srinivasan concluded.
