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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.
Agilysys
Agilysys
Agilysys Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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