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Jun 30, 2022
Agilysys Q1 2023 Earnings Report
Agilysys' fiscal first quarter of 2023 resulted in a 22.7% increase in total net revenue, reaching a record $47.5 million, and GAAP EPS of $0.10 per share.
Key Takeaways
Agilysys reported a record revenue quarter with a 22.7% increase in total net revenue, reaching $47.5 million. Recurring revenue was $27.7 million, and subscription revenue grew by 29.5%. The company's GAAP EPS was $0.10 per share.
Total net revenue increased 22.7% to a record $47.5 million compared to the prior year.
Recurring revenue reached a record $27.7 million, comprising 58.4% of total net revenue.
Subscription revenue increased 29.5% year over year.
Net income attributable to common shareholders was $2.6 million, or $0.10 per diluted share.
Revenue by Segment
Forward Guidance
Agilysys is reiterating its full year fiscal 2023 revenue guidance of $190 to $195 million, which includes approximately 30% subscription revenue growth year over year, and Adjusted EBITDA of greater than 15% of revenue.
Positive Outlook
- Full year fiscal 2023 revenue to be $190 to $195 million.
- Subscription revenue growth of approximately 30% year over year.
- Adjusted EBITDA of greater than 15% of revenue.
- Growing sales, marketing and professional services investments incrementally.
- Well positioned to execute on medium and long-term strategic plan.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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