Agilysys Q1 Revenue Hits Record $87.7M, Raises FY2027 Guidance
AGYS sits 68% above its 52-week low of $61.5.
Summary
Agilysys reported record Q1 FY2027 revenue of $87.7M, up 14.3% year-over-year, marking its 18th consecutive record revenue quarter. Subscription revenue surged 26%, driving recurring revenue to 65.9% of total. Net income nearly doubled to $9.0M, and free cash flow swung to positive $7.3M from a $5.0M outflow a year ago. Management raised full-year revenue guidance to $368M-$373M from $365M-$370M and subscription growth to at least 32% from 30%, citing strong sales momentum and record backlog. The company noted high appetite for hospitality tech is driving backlog growth.
At the time of this announcement, AGYS was trading at $103.17 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $61.50 to $145.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.